|
|
GAAP |
|
Non-GAAP | ||||
|
|
Q2 2015 |
Q1 2015 |
Q2 2014 |
|
Q2 2015 |
Q1 2015 |
Q2 2014 |
|
Net revenue |
$ 306.4 |
$ 318.3 |
$ 355.5 |
|
$ 306.3 |
$ 316.9 |
$ 355.5 |
|
Gross margin |
46.1% |
46.3% |
45.4% |
|
47.0% |
47.6% |
45.3% |
|
Operating margin |
4.8% |
6.5% |
7.4% |
|
11.6% |
13.6% |
11.5% |
|
Net income |
$ 6.3 |
$ 16.5 |
$ 19.2 |
|
$ 33.7 |
$ 45.1 |
$ 38.3 |
|
Diluted EPS |
$ 0.02 |
$ 0.04 |
$ 0.05 |
|
$ 0.08 |
$ 0.11 |
$ 0.09 |
|
|
|
(In millions, except earnings per share data and percentages) |
Revenue for the second quarter of 2015 was $306.4 million, a 4% decrease compared to $318.3 million for the first quarter of 2015, and 14% lower compared to $355.5 million for the second quarter of 2014. Non-GAAP revenue for the second quarter of 2015 was $306.3 million.
GAAP gross margin was 46.1% in the second quarter of 2015 compared with 46.3% in the first quarter of 2015, and 45.4% in the second quarter of 2014.
Non-GAAP gross margin was 47.0% in the second quarter of 2015 compared to 47.6% in the immediately preceding quarter and 45.3% in the second quarter of 2014. Refer to the non-GAAP reconciliation table included in this release for more details.
GAAP net income totaled $6.3 million or $0.02 per diluted share for the second quarter of 2015. This compares to net income of $16.5 million or $0.04 per diluted share for the first quarter of 2015 and net income of $19.2 million or $0.05 per diluted share for the second quarter of 2014.
Non-GAAP net income for the second quarter of 2015 totaled $33.7 million or $0.08 per diluted share, compared to non-GAAP net income of $45.1 million or $0.11 per diluted share in the first quarter of 2015, and $38.3 million or $0.09 per diluted share for the second quarter of 2014. Refer to the non-GAAP reconciliation table included in this release for more details.
