Samik Chatterjee

Can you give us an update in terms of balancing those two priorities? Do you feel like you need to double down

Is it primarily mix, or was there an FX tailwind as well? How would we break it down versus what we typically see

does that have any near-term sort of impact on your intent to use Apple private cloud

can you just sort of talk through what are the big differences and mix you're seeing for iPhone 17 versus 16

Any thoughts on the role that the smartphone subsidies in that region are playing in this momentum

is there anything unique in the December quarter in terms of sourcing from regions, et cetera, that would uniquely impact December

is it a pull-ahead largely on iPhones? Or is it across the board? And is it primarily in the U.S. or again, sort of across multiple regions

I'm just curious if you continue to see that play out similarly in the more broader number of countries you've rolled that out

what are you seeing in terms of the U.S. consumer? And what's the reaction there in terms of the tariff impact

how much of the supply chain planning there that you're doing is more of a reflection of the growth expectations from that market relative to in terms of diversification of the supply chain

I'm just curious, in terms of if you can help us think about the sustainability of this double-digit growth that you saw in both the product lines

How are you thinking about your market share when it comes to scale out versus scale across

since you are doing 30% is what the guidance is for Q1, maybe if I could understand what is maybe sort of leading to somewhat of a cautious terms of visibility for the rest of the year

what is sort of behind the variability that you're seeing in terms of shipment? Is it supply driven at all

is that largely stemming from bigger cluster size deployments from your existing Tier 1 customers

Are these customers now giving you more visibility just given the tariff landscape and that you would need to sort of build inventory

the value of the U.S. software layer to the back end of the network and particularly in the discussion in terms of rate of competition

How are you seeing sort of that demand progress relative to those early milestones that you gave us? And are you seeing any supply constraints when it comes to sort of bare fiber

Are you seeing anything similar for the CC business

how are you sort of overall looking at the landscape right into 90 days ago? Have things in those underlying markets improved

is there anything to call out in terms of areas that you might be seeing some level of pull ahead from customers

How much visibility should we think you have, in terms of that sort of growth continuing sequentially from these high levels

if you can talk about the implications of the complexity increase that you're seeing there in terms of both market share for Amphenol

you made a comment about the data center upgrades from your corporate customers, in particular, sort of being uneven. Any thoughts on what's the primary driver there?

Maybe if you can dig a bit deeper in terms of the nature of opportunities you're seeing, particularly the ones associated with the AI deployments you're seeing from your customers?

how customers are responding to the provisions under the big beautiful bill and if there is any sort of discussion around accelerate spending

are you interpreting as customers want to spend the budget while they have it before they lose some of those IT budgets

Is there more of a sequential increase as we go through the year on account of the client devices pull forward

Healthcare was particularly strong, up, I think, close to 30% on a day adjusted basis

what that magnitude of exposure looks like and how you're sort of navigating through those changes

Are you seeing any engagements yet from the Neo Clouds on front, or would you expect most of that neo cloud demand for scale across to come through the hyperscale itself?

what level of visibility are you getting from your about fiscal 2027?

Is there sort of a way to think about how maybe the composition of, the growth is different from fiscal twenty twenty five

how you're thinking about, how that evolves more in terms of sizing and timing as well

Is that a headwind in terms of mix to the overall March and long-term margins for the company?

it just sounds more like you've seen probably more acceleration through the quarter with the cloud customers

How maybe if you can sort of talk about the interplay between how you're thinking about interplay between orders and backlog here through the year

what's the driver on the demand side that's helping you lead to that acceleration? And maybe also contextualize it in terms of supply

You mentioned the acceleration on the indium phosphide capacity. Given that you're tracking a bit ahead relative to your target

how would you characterize the visibility there in terms of maybe duration, like how long is the visibility in terms of demand

any way to quantify for us what the magnitude of the backlog from the 10 customers is? Or maybe in terms of, like, material impact to revenues

what are the milestones to watch on that front? And how to think about the road map beyond even a 12-month horizon?

what's sort of supply-demand gap that you see? How supply -- what could that number be if you were sort of more flexible on supply

how broad-based is this and what are you seeing in terms of or hearing from customers in terms of demand drivers

maybe if you can give us an update on how the ramp is going on that front? And how -- what are you seeing from customers in relation to interest in the U.S. manufacturing

How should we think about growth outlook for next fiscal year? I mean we've seen all the hyperscalers increased their capital spending plans

how are you incorporating any second order demand impact in your guidance for the fourth quarter in relation to any demand hiccups

Can you just help us think about the significance and the impact, as well as somewhat in relation to timing of when investors should expect those to become more material

how to think about the addressable opportunity here? And I know you've said probably the revenues are in calendar '25

is your outlook for in terms of sustainability of that improvement? Has that changed? What are you hearing from your customers

Should we be tying to those improvements to revenue improvement through the year or should we be thinking about some of the pricing

What's been the feedback that you've received from the customers or partners that you've talked to in terms of areas to focus on

wanted to get your thoughts around what you're seeing in terms of implications on your business from Mythos

How should we think about sort of how much of those savings get reinvested in the business

how Cisco plans around sort of addressing the CPO functionality

when we strip out AI from it, what are the trends you're seeing on that order front for ex AI in networking

the sovereigns aren't included as those orders come through in that sort of $4 billion number

Could you just talk about Optical more broadly in terms of the demand you're seeing inside the data center versus outside the data center

where are customers in terms of their intent to upgrade legacy infrastructure

how you've seen enterprises - enterprise customers respond on a demand basis to previous tariffs

is there any acceleration or sort of more on track in terms of deployment base relative to what you expected

is there necessarily an implication there in terms of revenue realization in the year

the data center switching portfolio had the third consecutive quarter of strong order growth

the gross margin outlook for the year ex AI is better than you, had 90 days ago.

How does it break down between Blackwell and Vera Rubin, and what are the implications of when some of that backlog ships

if you can flesh out your thoughts on the kind of reaction you expect from customers in relation to the pricing discussions by sort of the product categories

if you can share how the backlog or the pipeline there has transitioned to GB300, what you're seeing from customers

just curious if you seen any sort of pull forward. I know you're managing the tariff. Environment pretty well, but not so much as everyone in the industry

how much of that is gated by supply, particularly versus the visibility into supply that you're getting? And how much of that commentary around sort of at least growing there is a supply dynamic

Have you seen any change in engagement or even a step-up in engagement following all the discussion that enterprises have to deal with in relation to Anthropic's Mythos model

how should we think about sustainability of these growth rates as you look forward beyond this year?

How much of the momentum that you're seeing on the hardware is you would tie to sort of the Viprion and the I Series, which are going through the upgrades versus maybe on the rest of the portfolio?

how are you managing it through your supply chain and to are there any sort of concerns around capacity or sort of supply constraints

we should expect to see some of the spend from your customers if it does get delayed from first half to see some catch-up in the second half, particularly when it comes to potentially the systems p...

if I can just ask more on the software perpetual revenue, if I look at the trends last quarter relative to sort of this quarter where you had a step down

where do you see your leverage to in that sort of overall AI process, and some creative exposure to training versus inferencing?

is that more as part of a broader refresh of customers doing broader refreshes of their data center, or is there something more specific related to their readiness for AI

the product perception, I think, still remains that enterprise are pretty early in their AI adoption cycle

did the outperformance really come from renewals or is it more true-ups? Where did you see sort of the strength coming in

How should we think about what that actually implies? Does it imply sort of take-or-pay contracts?

as we think about these two incremental hyperscaler wins today look very similar to that framework that Meta had

would that represent upside? And which verticals would you think that's more focused on?

is there anything from the internal plan that you've sort of envisioned but did not really pan out

what your customer conversations have been since liberation day tariffs

how should we think about sort of the flexibility in that plan if we were to go into a more significant downturn?

if I can ask you to drill down a bit into the networks for AI orders that you're referencing, which you're raising today, the $1.7 billion to $1.9 billion

How should we think about with the synergy road map that you have when the segment gets back to that sort of mid-twenties level

how should I think about the sort of focus relative to supply chain flexibility versus pricing to mitigate the impact of tariffs

Do you have more room to go on the cost reduction? Or is the back half more dictated by price increases that you potentially need to take?

on Print, you mentioned the increasing input cost on that front as well, I think resins

is the pull-in largely on the Consumer side that you're seeing right now? And how are you sort of dilating that versus whether you're seeing any pull-in on the enterprise side

do you sort of get to a point where you have confidence about seeing more stable PS margins as you exit the year and potentially some recovery towards the longer-term range

Maybe if you can just help us with sort of the driver of the margin or performance you had there, how much of it is maybe some business drivers versus the future-ready cost actions

is it really the improvement, the realization of a full quarter benefit of the supply chain changes, or is there incremental benefit from pricing

are you expecting anything different from a typical seasonality when it comes to the revenue outcomes for the quarter as well

how you sort of thinking about that outcome sort of playing out in terms of the confidence in enterprises sort of refreshing ahead of that deadline

if you're seeing any opportunities with the neocloud, any way to intersect that market, particularly as you maybe look at opportunities both across compute or networking

Is there a lot of pressure to sort of maybe add new facilities in the U.S. from your side? And then as you think about sort of capital needs, is there also a need to sort of maybe retrofit more fac...

Any broad way for us to think about the $500,000,000 how to split that between capital versus operating expenses

Just trying to think in terms of when we look below that headline number for regulated and connected living, are there drivers that as you go over the next twelve months drive those segments back t...

Also you're raising the AI guidance by about $1 billion after raising it by $0.5 billion last quarter

when we look at margins, what's driving some of the weakness here? Obviously there's probably some revenue leverage

the magnitude of the increase here in revenue seems a bit unprecedented. So just break that down for us

there was a significant acceleration quarter over quarter from July to October. Maybe if you can just sort of go ahead and into details there

how to think about what sort of required for the acquisitions to go from EPS accretive to potentially the operating margins

anything you can share there in terms of how you see the competitive landscape does it change from what you've had in sort of 400 gig, 800 gig

how should we think about the strength you are seeing driven by progress on R&D from your customers relative to maybe sort of what they're seeing on their volume outlook

what your expectations are embedded in for semi-cap and general electronics

which are the areas you see accelerating compared to the March quarter itself as you go into June?

how close you are to finalizing additional sort of award wins on the OCS front?

you pulled forward or front-end loaded some of that capacity increase that you had planned, and we're gonna see the effect of that in the March guide just to confirm that

You had previously indicated you sort of want to maybe manage that business to a $250 million quarter run rate. I mean, is that still sort of how you're thinking about it

Maybe just talk a bit about what's driving that confidence, maybe more in addition to the capacity ramp that you talked about

Wondering if you can just help me think through what that means on a revenue basis

thoughts you have on the semiconductor tariffs or Section 232 investigation

Is there any other part of the business that necessarily slows down to sort of push that time line to the June quarter

can you just outline the drivers there between Cloud Light or transceivers versus Datacom chips versus Telecom

Can you give us a reference point of where you expect your capacity to be by the end of calendar '26

how should we think about the magnitude of the opportunity maybe after a full ramp with both of them compared to what was the original customer

how much of that is telecom improving versus maybe Datacom chips versus datacom modules

You expect, like, the yield to look very different from maybe some of your prior years

if you can share what are the magnitude of the price increases you've taken? And how are you seeing sort of customers respond to it?

walk us through the gross margin drivers at the company level between sort of 3Q and 4Q?

Wondering sort of what you're seeing in terms of trends there. It sounds like an expiration on the sort of headline number of deals you're seeing.

what's the visibility in terms of that expiration from the first half into the second half at this point, and does it include any large deals

If you can give any color in terms of the magnitude or size of those deals with your customers, and should we expect that consistent level of new wins as you go through the year?

on the last earnings call, you had referred to some of the execution or sort of timing of deals that had slipped. And just curious if that's some continue to sort of what you see

if you can just share what was the Q4 performance ex spot, what was the underlying growth rate

You've talked about a disaggregated solution and sort of launching that somewhere before a insights this year

just remind us of the multiyear agreement framework that you have with your primary premium smartphone customer, Samsung

if you can sort of help us think about the competitive landscape here

do you expect them to downshift in terms of tiering of the chipsets or the SoCs that they go for just to be able to manage their overall cost

if you can give us an update in terms of the progress with your customers on that front

there seems to be that concern about what March looks like with the change in share at the primary Android customer

what kind of cost performance or price performance are you thinking of relative to these inferencing workloads that you can support on the AI 200 or AI 250?

how do you envision sort of Alphawave integrating into the sort of portfolio or the stack capability that you have currently?

how should we think about some of these acquisitions enhancing the capabilities in the current end markets that you're trying to diversify

seems like that is the segment you saw the most upside relative to your own expectations for the quarter. If you can just flesh out what drove that upside

what are you seeing on the ground in terms of response for the -- from the consumer to the subsidies

if you can sort of talk about how you're sort of thinking about 2025 and 2026 playing out in terms of device launches on your Snapdragon platform for PCs

Can you please update how did it track during the quarter? And how much of a driver was that relative to gross margin improvement

Can you please help us quantify the revenue capacity that it helped to add for the company

Can you please help us understand like the contribution in terms of revenues? And then you also said it will increase to double-digit contribution by end of calendar year

If I back into the implied 4Q number, that implies significant quarter-over-quarter moderation. So is that just conservatism

when do you think the DCBBS will become material enough to actually impact the gross margins? And then my other question is, like, are you -- any thoughts on initial feedback from customers

between like availability of chipsets and market share expansion. What do you think is the more of a driver for increased revenue guidance

what does a typical sales cycle? Or what are you expecting for the sales cycle on that front to look like, have any of your larger data center customers shown interest

Do you see an opportunity still to get back to the long-term targets that you had on the gross margin of 14% to 17%

Has there been a change in the pricing landscape for the new products that you're seeing in the market or is this more about the tougher pricing environment

Are customers already talking about pulling back some orders or is there any change in customer order trends that you're seeing because of the macro

how confident are you about achieving that revenue target with the current customer engagements that you have relative to what you need

Does the sort of progression before getting back to the 14% to 17% that you talked about earlier still remain sort of the base case

just trying to think through why shouldn't we see pricing maybe accelerate a bit as more new contracts come into play

is that going to be additive to the content opportunity that you outlined at the Investor Day? Or is it going to be part of that overall content that you presented at the Investor Day?

I'm just wondering what you're seeing overall from that perspective in the supply chain? And if that is the driver of why the hyperscalers are giving you a bit more forward visibility with the orde...

how do you think about market share between -- that you have between hyperscalers versus the chip companies

what's driving the higher guide on your front. Are you seeing some of the orders come in much higher than expected

do you see a broadening out of the customer base?

is that sort of all driven by the complexity? Or are you thinking about some sort of volume tailwinds as well?

How much of the improvement here is related to market share that you talked about market share wins that you talked about earlier in the year relative to sort of general industry purchasing pattern...

the gross margin guide for 4Q relative to where you ended 3Q, given the volume leverage that you should ideally see a bit more sort of muted

How should we think about the size of the test equipment market when it comes to GPUs?

is that embedding some of the cost related to supporting sort of the product-related expenses for this new program?

How are you sort of derisking that second half when we think about upside, downside risk