...A. Highlights: Started FY21 on strong note. 1. 2. In 1Q, achieved record non-GAAP: GM. a. b. operating margin. c. EPS. 3. For first time, achieved: GM in excess of 50%. a. b. Operating margin above 30%. 4. Expects this positive momentum to continue into 2Q21. 5. Long-term market trends and industry dynamics are favorable. World is accelerating its shift to increasingly digital and virtual approaches to work, entertainment, education, healthcare, social interaction and commerce, to all drive increasing needs for Co.'s differentiated products and technology. a. b. Intends to invest strongly in R&D to: i. Address these positive long-term trends. ii. Strengthen market leadership positions. 6. Revenue: a. Was in upper half of guidance range. b. Mix was different than contemplated guidance due to changes throughout 1Q21. c. Assumptions for 3D sensing improved conservative and demand for 3D sensing products accelerated through 1Q21. i. Strength in 3D sensing sales more than offset lower-than-anticipated...
