Thomas Edman: Sure. Yes. So, differentiation in terms of competition, what we focus on — and this is true of several of our commercial areas is really differentiating through our field application engineering support for those customers. So, if they’re early in their design phase, supporting that design and then doing the proper design for manufacturer for those customers responsibly in a way that allows us to do the prototyping and that prototyping developing into commercial production and ramp in our facilities. Fortunately, that’s gone well with the latest generative AI and a product. And that product, generally, right now, we’re seeing about 50% of our data center computing demand coming from that generative AI area. You’re correct that sequentially, we’re looking at being slightly down in the fourth quarter in data center.
But year-on-year, still strong double-digit improvement and what’s happening there. So, a few things. On the positive side, we’re seeing a little bit of a better spread from a customer standpoint. So that’s good to see and what we expected to see and that’s starting to happen here as we are moving into the fourth quarter. In the meantime, our customers are dealing with tight supplies, particularly of chips as we understand it. They’re seeing very strong demand, but a little bit of tight supplies in certain areas that are supporting a slight decline in demand and then an anticipated pick up again through the course of next year. So, I would view that as a short-term situation. Also, just as a reminder, we really saw a fantastic growth this last quarter.
We were up 55% sequentially in data center. So, those were orders to fill requirements, early-stage requirements and into ramp for our customers, though it’s also quite natural that there’d be a little bit of a slowing down there in demand that we’ve got the inventory in place as the customers now take that inventory into their product. So, that’s really what we’re seeing in data center.
Chan Park: Thanks very much.
Operator: Thank you. That concludes the question-and-answer session. At this time, I would like to turn it back to Tom Edman for closing remarks.
Thomas Edman: Okay sure. I do want to cover one area usually asked a question about, which is automotive, to let you all know that we did have a strong bookings quarter in terms of programs in automotive. We booked a lifetime program value of approximately $125 million. That compares to the second quarter of last year when — sorry, second quarter of this year, when we booked $95 million. And year-to-date, we have now booked from a program booking standpoint, a lifetime value of $564 million. All of last year, we booked a value of $530 million. So, really strong success there. Those programs, of course, feed into production of record. Generally, the following year to 18 months after we’ve registered the booking. And then those programs are spread out over multiple years.
But good to see that kind of momentum. And then finally, I just wanted to thank everyone for joining us, reiterate a few of the critical points. Number one, we delivered non-GAAP EPS well above our guided range. That was due to improved execution in North America and revenues were in line with our guided range. Second, strong cash flow from operations at 10.3% of revenue that enabled us to repurchase stock and maintain our solid balance sheet. Third, we announced our intent, as you saw, to build a new advanced printed circuit board facility in North America in Syracuse, adjacent to our existing Syracuse facility to serve our aerospace and defense customers. Really excited to be able to announce that greenfield effort for our defense customers feeding future demand.
So, really a tremendous quarter. Again, I’d like to thank our employees, our supply base as well our customers, and of course, all of you for your support. Thank you very much.
Operator: Thank you for your participation in today’s conference. This does conclude the program. You may now disconnect.
