— Revenues declined 7% to $1.4 billion during the three-month period from $1.50 billion a year earlier, vs. $1.37 billion expected
— Gross margin and operating margin came in at 34.6% and 9.9%, respectively
— The company expects revenues to be in the range of $1.355 billion to $1.405 billion in the first quarter of 2020
ADVERTISEMENT
— Looking for gross margin between 33.7% and 34.7% for the first quarter, on an unadjusted basis
— Operating expenses are expected to be between $330 million and $348 million for the first quarter
— On track to implement new changes to the manufacturing footprint, and accelerate the timeline for production at the 300mm fab