33 annotations
all subsegments in Industrial grew in the fourth quarter
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2022 Q4
4 Dec 22
industrial market, which has remained resilient and strong
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2022 Q4
4 Dec 22
we saw orders start to stabilize about midway through the fourth quarter and into the first couple of weeks here of the first quarter
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2022 Q4
4 Dec 22
last year, the first half of the year, we had orders at historical highs. And then last quarter in the earnings call, we called out that orders are beginning to slow, and that's a decline actually continued into the fourth quarter.
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2022 Q4
4 Dec 22
our strong position in radio signal chains is enabling the 5G rollout globally
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2022 Q4
4 Dec 22
our commitment to return 100% of free cash flow to shareholders in '22, returning $4.6 billion through share repurchases and dividends
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2022 Q4
4 Dec 22
some of our peers have cited weakness in -- I think they're calling it consumer industrial. We, on the other hand, put that business into our consumer. We call it the prosumer business, professional audio, video, et cetera.
So when comparing us to peers, you'll see that our Industrial may be more pure Industrial.
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2022 Q4
4 Dec 22
We are seeing onshoring, reshoring.
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2022 Q4
4 Dec 22
orders stabilizing and the backlog coverage that we have out
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2022 Q4
4 Dec 22
there was bookings our strongest in Industrial and Auto, not surprising and weaker in Comms and Consumer, which I reflected in the guide
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2022 Q4
4 Dec 22
given the long life of our products, we always carry a pretty minimal risk of obsolescence
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2022 Q4
4 Dec 22
lead times have come down overall sequentially from 3Q to 4Q
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2022 Q4
4 Dec 22
some of our customers are experiencing some soft cancellations in their business
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2022 Q4
4 Dec 22
We're seeing weakness in Asia, especially China, but North America and Europe are holding up well.
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2022 Q4
4 Dec 22
operating margin increased 800 basis points year-over-year, finishing at a record 51.1%
Non-GAAP
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2022 Q4
4 Dec 22
Gross margin was 74%, up 310 basis points year-over-year
Non-GAAP
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2022 Q4
4 Dec 22
Consumer represented 13% of quarterly revenue and was up modestly sequentially and flat year-over-year. Despite a challenging year for the broader industry, Consumer finished up 8%
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2022 Q4
4 Dec 22
our Consumer business continued to grow despite industry-wide weakness
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2022 Q4
4 Dec 22
bookings remain the strongest in the Industrial and Auto, while Communications and Consumer are weaker
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2022 Q4
4 Dec 22
after a couple of months of slowing orders, we saw bookings stabilize during the quarter at what we'd consider relatively normal levels for entering our first quarter
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2022 Q4
4 Dec 22