Q3 FY19 Financial Results
Non-GAAP Financial Results
$ Millions, except EPS
Q3 FY19
Q2 FY19
Q3 FY18
Q/Q
Y/Y
Revenue
Gross Margin %*
$3,674
$4,233
$5,013
(13%)
(27%)
25.3%*
31.3%
43.4%
~(600) BPS
~(1800) BPS
Operating Expenses
$742
$738
$850
~
Flat
(13%)
Operating Income
$186
$589
$1,324
(68%)
(86%)
Interest and Other Expense, net
$88
$93
$137
(5%)
(36%)
EPS*
$0.17*
$1.45
$3.63
(88%)
(95%)
Operating Cash Flow
$204
$469
$1,027
(57%)
(80%)
Free Cash Flow
($110)
$24
$616
NM
NM
*Includes the impact associated with lower of cost or market inventory reserves of a 300 basis point reduction to gross margin and $0.37 reduction to non-GAAP EPS.
For reconciliations of GAAP to Non-GAAP financial measures, see the Appendix and Quarterly Fact Sheet.
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4/29/19
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