Market Position And GrowthThe next-generation AI PC is set to be a new growth driver.
Profitability And MarginsThe focus on profitability and margins, combined with a robust balance sheet, is expected to support upsides to earnings expectations once past the near-term choppy operating environment.
Shareholder ReturnsManagement reiterated FY24 FCF guide of $3.1-3.6B with a midpoint of $3.35B, above consensus of $3.11B, and expects to return approx. 100% of FCF to shareholders in FY24.