Strong Revenue and Core Operating Margins
Q1 revenue came in at $7 billion, up 1% year-on-year excluding the Mobility divestiture. Core operating margins were at 5% despite hurricane impacts.
Intelligent Infrastructure Growth
The Intelligent Infrastructure segment saw revenue of $2.5 billion, up 5% year-on-year, driven by strong demand in AI-related cloud and data center infrastructure.
Connected Living and Digital Commerce Growth
Excluding the Mobility divestiture, this segment showed a revenue growth of approximately 12% year-on-year.
Robust Free Cash Flow
Adjusted free cash flow for Q1 was $226 million, with an expectation of $1.2 billion for the year.
AI Revenue Growth
AI-related revenues are projected to increase from $5-6 billion to $6.5 billion, indicating a strong growth trajectory.