Revenue Performance:
- Q2 2024 Revenue: $22.5 billion, up 23.29% QoQ and 0.80% YoY.
- Gross Profit: $12.58 billion, translating to a gross profit margin of 55.92%.
- Operating Income: Grew 48.99% QoQ to $4.05 billion, highlighting strong operational efficiency.
Profitability Ratios:
- EBITDA Margin: 22.19% with EBITDA standing at $4.99 billion.
- Net Income: $3.08 billion with a net profit margin of 13.73%, reflecting a 50.98% increase from the previous quarter.
- EPS (Diluted): $2.23, marking a 50.34% increase from Q1 2024.
Cash Flow:
- Operating Cash Flow: $2.36 billion, supporting a free cash flow of $1.27 billion--indicating robust cash-generating capabilities.
- Capital Expenditures: $1.09 billion, demonstrating strategic investments for future growth.
Balance Sheet Highlights:
- Total Assets: $99.53 billion against liabilities of $79.95 billion, providing a solid asset base with a current ratio of 0.83.