(In thousands, except percentages and per-share data)
|
|
GAAP |
|
Non-GAAP1 |
||||||||||||
|
|
Nine Months Ended |
|
Nine Months Ended |
||||||||||||
|
|
Q3 2019 |
|
Q3 2018 |
|
Q3 2019 |
|
Q3 2018 |
||||||||
Revenue |
|
$ |
1,645,746 |
|
|
$ |
1,879,366 |
|
|
$ |
1,645,746 |
|
|
$ |
1,879,366 |
|
Gross margin |
|
37.5 |
% |
|
37.6 |
% |
|
47.1 |
% |
|
46.4 |
% |
||||
Operating margin |
|
5.5 |
% |
|
8.6 |
% |
|
21.1 |
% |
|
22.3 |
% |
||||
Net income |
|
$ |
19,668 |
|
|
$ |
87,478 |
|
|
$ |
315,138 |
|
|
$ |
377,984 |
|
Diluted EPS |
|
$ |
0.05 |
|
|
$ |
0.23 |
|
|
$ |
0.82 |
|
|
$ |
1.01 |
|
1. See the "Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures" tables ("Non-GAAP Reconciliation Tables") included below.
REVENUE SUMMARY |
|||||||||||||||||
(In thousands, except percentages) |
|||||||||||||||||
(Unaudited) |
|||||||||||||||||
|
|
Three Months Ended |
||||||||||||||||
| Business Unit¹ |
September 29,
|
|
June 30, 2019 |
|
September 30,
|
|
Sequential
|
|
Year-over-year
|
||||||||
| MCD |
$ |
410,748 |
|
|
$ |
354,225 |
|
|
$ |
413,413 |
|
|
16.0 |
% |
|
(0.6 |
)% |
| MPD 2 |
163,773 |
|
|
177,996 |
|
|
259,622 |
|
|
(8.0 |
)% |
|
(36.9 |
)% |
|||
| Total |
$ |
574,521 |
|
|
$ |
532,221 |
|
|
$ |
673,035 |
|
|
7.9 |
% |
|
(14.6 |
)% |
|
|
Three Months Ended |
|||||||
| End Use |
September 29, 2019 |
|
June 30, 2019 |
|
September 30, 2018 |
|||
| IoT |
42.6 |
% |
|
37.5 |
% |
|
37.4 |
% |
| Automotive |
36.5 |
% |
|
38.0 |
% |
|
31.0 |
% |
| Legacy |
20.9 |
% |
|
24.5 |
% |
|
31.6 |
% |
| Total |
100 |
% |
|
100 |
% |
|
100 |
% |
- The Microcontroller and Connectivity Division ("MCD") includes microcontroller, wireless connectivity and USB products and the Memory Products Division ("MPD") includes RAM, Flash and AgigA Tech products.
- MPD revenue for the three months ended September 29, 2019 and June 30, 2019 reflect divestment of our NAND business to a newly formed joint venture, which was completed on April 1, 2019.
FOLLOW CYPRESS ONLINE
