We exceeded the midpoint of our guidance! We are an AI company just like Nvidia!
Here are the highlights of that stunning performance
- Revenue down 12% y/y and 19% q/q
- Enterprise networking segment down 58% y/y and 42% q/q
- Carrier Infrastructure down 75% y/y and 58% q/q
- Automotive down 13% y/y and 6% q/q
- Consumer down 70% y/y and 71% q/q
Those have to be some of the worst y/y and q/q drops I have ever witnessed. What a complete meltdown.
Team, just to let you know, some actions are going to need to be taken. I'm just going to be up front with you about it.