Ross Seymore

how much of that is ASPs? And how much of it is secular and how much is cyclical?

Any sort of color on how the OpEx would relate to revenues in fiscal 2026?

the prior peak, I guess, in your fiscal 2023 is that attainable? And what are the puts and takes to get to that?

how should we think about when Helios and the Instinct side really ramps in the fourth quarter and more so next year

I wanted to dive a little bit deeper into that. How do you see AMD truly differentiating

What is the magnitude down you're talking about this year?

As you go from the MI300 to the 400 to the 500 eventually, do you see any changes in the gross margin throughout that period?

Do you think that was a relatively unique agreement or given that the world needs more processing power that AMD is open to somewhat similar, conceptually similar creative ways

how do you attack that market differently than those competitors to not only get the 6 gigawatt initially but hopefully more after that?

how are you thinking about that for the second half as a whole for Client? And then Gaming, which was just up a huge amount sequentially

how have things changed from a quarter ago as far as the MI350 family adoption, especially because you are -- you launched a little bit early.

You said there is $50 million from ZT in there. Is that the entirety of the ZT side of things?

When do you expect to give us more color on when that's going to go from exploration to return on investment

is the logical strategic conclusion of the direction you're heading that you're going to have those OEMs

what's driving that up to 40% of the AI revenues? And the longer-term question is, is that going -- that percentage mix in that $100 billion plus, is that changing now?

Do you believe that's the substitution effect for customers who otherwise would have done ASICs with you, or do you think it's actually broadening the market?

When you said you're gonna grow significantly faster than what you had thought, a quarter ago, what's changed?

Can you just give a little bit more color on the inference commentary you gave? And is it more the XPU side, the connectivity side or both that's given you the confidence to talk about the growth r...

I wanna talk about going from kind of design winded deployment. How do you judge that? Because there is some debate about, you know, tons of design wins, but the deployments actually don't happen

The other 50%, is fiscal '25 a year where you're going to still be paying down debt? Share repurchases in the mix?

How does the business model and the spending behavior strategically change in that?

how Intel is positioned competitively? Is the strength that you're seeing more that the market demand is just that high?

The gross margin side, Dave, you gave some puts and takes for the full year on a bunch of different metrics but you didn't mention gross margin

are the yield improvements and the other actions you're taking sufficient to address just typical seasonality throughout the year given that usually the first quarter would be the low point on reve...

could you just walk us through some of the pluses and minuses as we think about 2026, just kind of directionally? And I guess where I'm going is it seems like the biggest improvement has to come on...

Do any of these collaborative announcements or equity investments go into that increased confidence? Or are there some sort of technical merits that you're seeing that are rising your optimism in t...

Can you dive a little more deeply into those? And perhaps more importantly, just what do you see as the tailwinds and headwinds to gross margin

How do we balance fixing the roadmap with also filling the foundry and making sure you have the unit volumes there?

Can you just talk about some of the puts and takes on gross margin if you think about 2025 as a whole and maybe even 2026?

Can you just walk us through some of the puts and takes on the gross margin sequentially in the first quarter?

Specifically on the DCAI side of things. Can you talk about how much you think Granite is closing the gap

talk about the different trends you're seeing between kind of the XPU side versus the CPU -- server CPU side

Talk about the tailwinds or headwinds given what's happening from a macro perspective and then potentially the difference between what you guys do on the storage side versus the computing side

can you just talk about ADAS as a percentage of your revenues now versus user interface or USB

how do you think about the gross margin implications of that over time?

are you seeing any evidence of that kind of tariff influenced behavior?

Can you talk a little bit about any differences between those 2 growth rates, composition

Just wondering if there's any large segment moves in your second quarter guide, any kind of big divergent moves

as far as the pull-ins, push-outs, any sort of different behavior from your customers

do you guys have other things that are happening as we speak as well? So I really wanted to focus on the dynamics outside of those

you guys have been talking about that growing for many, many years, and it finally did last year

it was beginning of this year 30%, then 50% and now 70%. So it is clearly accelerating

Is the customer base broadening? People are always worried especially in your custom business about the concentration of it

it sounds like you're implying somewhere around $10 billion in revenue for next year. So I guess, first of all, is that in the right ballpark

could you give any more color on what the headwinds are in the third quarter? And then what gives you the confidence

how do you see Marvell's ability to support a broader customer base beyond the initial, I guess, three/four that you have

could you comment at all on kind of your commitment to Marvell or looking elsewhere?

How do we think that the business diversifies, whether it's by multiple products in the custom compute or by customers

Can you just talk about what that is? I'm not trying to get you to guide for the back half of the year, but just is your visibility improving?

Talk a little bit about that 200 more than doubling this year. You went through a few of the drivers there. But are these new products?

Is anything changing your thesis there? Are you more optimistic, less optimistic

Can you aggregate how much of a headwind those exits are going to be for this year

If you go from 9 to 11, any sort of rough dollar amount that, that contributes that we should think about

what specifically got better over the last 90 days, either by end market, inventory, region, et cetera

how much does your gross margin get benefited from running the fabs a little hot in the consolidation

Is your cyclical confidence rising quarter-over-quarter? Is it staying about the same? In general, just how are you feeling this quarter versus last

green shoots, and I know those are dangerous words these days, but nonetheless, in the industrial business

are you a U.S. company to China? Are your U.S. China for China play? Or does the U.S. consider you a European company

Is that now behind us? And so the business a little under $300 million, I guess, in the first quarter for your guide is now going to act along with whatever demand does

flatness is a welcome surprise to people. Can you dive a little bit deeper into what's going on there

How do you think those are really going to show through to investors, and when do those become the dominant driver of revenue

can you just talk a little bit about the TAM you think you can address in that? When do you think it could be 10% of sales

what was going on in the Other category? Everything else was better than expected, but Other was pretty weak.

how do you believe that $250 million will grow? And what's the differentiation ON delivers to drive that growth?

I just wanted to get an update on what you're seeing in that end market, what caused the upside, and perhaps what's the sustainability

you sound better cyclically than you have in a while. So the first part is what are you seeing cyclically?

what are the metrics we should use to think about gross margin?

Any sort of color as far as putting magnitudes around those?

how much of this do you believe to be ON Semiconductor Corporation specific versus the end market?

are you believing that true demand, whether it's China or elsewhere, is truly weakening still

As you go from more of a cockpit business to the ADAS mix increasing, how does that change the revenue trajectory

what percentage of your handset business do you think is in China? Considering that you cited them as being especially hit?

are there any adjustments given what you're saying in the memory side? Or are you guys kind of investing right through this?

you've seen Samsung launch a couple of models with its own processor. I just wondered, how do you compare and contrast that against the

You've talked about at least the premium tier, flagship tier of having roughly double-digit ASP or content increases going forward

as that business goes away in the trajectory you’ve said many times before, how does the OpEx change and maybe the margin structure of Qualcomm

What was the reasoning behind doing that? I think everybody will obviously take it and it’s a positive sign, but just wanted to see what the catalyst was

That business has been very strong year-over-year, but you've had a couple quarters with negative sequential comps. Is that just normal seasonality

Is that something that is just structurally going to be a little higher than that, I guess, kind of implied 48% to 49% range, and if so, what's changed?

what was the biggest surprise versus the midpoint of your guide in the first quarter? And was pricing part of the strength in either the quarter or the guide?

one of the concerns people had was more consumer-oriented and marketing demand destruction with higher memory costs, memory availability, those sorts of things

the first quarter guidance is significantly stronger than seasonal. If my math is right, it seems like it's the first time you've been up sequentially since right after the financial crisis

Rafael, can you just talk a little bit about the puts and takes on gross margin in your first quarter guide and maybe throughout the year if utilization is changing

does that flow through? And the utilization dynamic, does that have to flow through inventory, etcetera, in lead to a headwind

How should we think just generally about OpEx, whether it's relative to revenue or absolute levels? Do you plan to grow at low single digits

how should we think -- or is there any update on the CapEx and depreciation framework that you've given us for the annual numbers

did something change in either the strength of the cycle or the uncertainty around the tariff to lead you to guide to more of a typical seasonal quarter for 3Q

now that you have the supply, it seems like the world has plenty of supply, is there any reason that that historical share gain pace would be any different going forward

I want to ask about the pricing environment in general. You didn't mention that Rafael or Haviv in any of your discussions about gross margin