Record GAAP net sales of $1,012.1 million, up 4.1% sequentially and up 16.2% from the year ago quarter.
Record Non-GAAP net sales of $1,012.1 million, up 4.1% sequentially and up 15.8% from the year ago quarter. Our guidance provided on August 3, 2017 was net sales of $1,001.3 million.
On a GAAP basis: gross margins of 60.7%; record operating income of $225.4 million; record net income of $189.2 million; and record EPS of 77 cents per diluted share. Our guidance provided on August 3, 2017 was EPS of 74 to 78 cents per diluted share.
On a Non-GAAP basis: gross margins of 61.0%; record operating income of $390.5 million; record net income of $344.1 million and record EPS of $1.41 per diluted share, up 7.6% sequentially and up 50.0% from the year ago quarter. Our guidance provided on August 3, 2017 was EPS of $1.33 to $1.37 per diluted share.
Record cash flow from operations of $350.1 million.
Record quarterly dividend declared of 36.25 cents per share.
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source: insemicon.com