Revenue Growth
Second quarter revenue grew sequentially by 7% to $762 million, with increases in all regions and end markets.
Positive Book-to-Bill Ratio
The overall book-to-bill ratio was 1.02, indicating a positive demand momentum.
Automotive and Industrial Segment Growth
Automotive revenue increased by 4% and Industrial segment revenue increased by 9% from the first quarter.
Strong AI and Smart Grid Demand
Continued demand momentum in smart grid infrastructure projects and AI power applications, with significant orders and ongoing design activities.
Capacity Expansion and Strategic Investments
Investments of approximately $775 million over the past 2.5 years in capacity for high-growth, higher profit products positioning the company well for future demand.