Financial Overview:
- Revenue: $21.44 billion, increased 3.22% YoY, but decreased 1.97% QoQ.
- Gross Profit: $11.30 billion, with a gross margin of 52.69%.
- Operating Income: $4.43 billion, or 20.7% operating margin, slightly above the historical average, but down 7.36% YoY due to competitive pricing pressures.
- Net Income: $3.47 billion, 16.16% net profit margin, down 11.82% YoY.
- Core EPS: $1.84, up 16% YoY.
- Cash Flow: Adjusted free cash flow of $3.03 billion, 90% productivity.
- Dividend Payout: Approximately $2.3 billion with a share repurchase of $1 billion in QQ2.
Balance Sheet Strength:
- Total Assets: $120.71 billion.
- Total Liabilities: $71.88 billion, leading to a debt-to-equity ratio of 0.69.
- Shareholder Equity: $48.53 billion, indicative of a strong equity position amid market fluctuations.