Simon Leopold

I wanted to explore your commentary around the scale-across opportunity in particular

I am wondering how much of a tool has been price hikes, you raising your prices to customers, and or whether or not within the substantial amount of purchase commitments you have whether there is a...

it sounds like there's a broader base of customers that may be employing it and that this is a factor that's in your 2026 margin guidance

understanding how that might be shifting given that it does seem like there should be some broadening with the Neoclouds

looking for the update on white box. I know, you've talked about this quite a bit in the past

If you could offer a little bit more color about how the elements of that are trending and your expectations for how that part of the business is growing

you've provided a forecast for some deceleration in the royalty revenue growth. I'm just wondering if you could elaborate on the trend

wondering what your thoughts on are whether or not SoftBank will potentially need to sell some of the Arm Holdings plc American Depositary Shares stock that it holds to finance some of the investment

I want to see if you can give us maybe a timeline of when you would expect those two other hyperscalers to really kick into the numbers, how imminent that is

if you could just break up the 10% disclosures, you said two cloud and an operator

you're talking about hundreds of millions to to interconnect a pair of data centers. And so I what I'm trying to get a better sense of here is sort of the distinct differences

I'd like to see if you could unpack is is this more about the service provider activity in routing

what were the more specific percentage contributions from the two over ten percent and how much of overall revenue is coming from the top five customers

folks are trying to look for what sort of the sustainability of this due to this you get a better sense that you'll see a broadening base of contributions from cloud

what exposure to Mexico and how you envision this changing because I believe you're moving more into Southeast Asia

What I am wondering here is what drives an operator to choose one option over the other, and how do you see, if at all, a divergence between those two buying patterns?

What's your thinking on customer concentration in the forecast for fiscal 2025? What are you assuming? Do you expect a similar top two

I'd like to see if you could confirm if the 1.6 terabit transceiver revenue exceeded, let's say, $100 million

Are we in the time frame yet where you're engaging customers for scale-up architectures?

maybe if you could put some milestones around this to help us understand when does that cost $100 million per quarter?

How do you think about your trajectory and your place in the OCS market?

I wanted to see if I could get an understanding of what product categories or segments might be down sequentially at the midpoint of your guidance

we've been getting a lot of questions or hearing about debate about excess inventory. So if you could help level set us

How does Coherent envision this technology affecting its business in both the intermediate term as well as the long term?

is just wondering if there's any customer concentration or vertical concentration, you could quantify in the quarter

was it really 800 gig and above or was there more strength from the more traditional products below

regarding priorities for the capital structure, really just sort of weighing the options of delivering, investing in OpEx

Could you unpack what you're seeing particularly on the international governments

the two-thirds, one-third split between systems and optics. And I'm wondering how you expect that to trend

after July 9, what would be the effect of tariffs based on the July 9 end of the pause

when you've had these refreshes how to think about that? Because when I reflect on the last one, 2017, 2018

drill down on your federal exposure, and the scenarios you're envisioning if there are major layoffs

there's been increasing noise around a technology known as co-packaged optics

I'd love to get maybe an update or double-click on the partnership you announced with Nvidia

Splunk opportunities of new potential customers being introduced to Splunk. If you could update us on the progress

what other elements or factors are limiting any upside beyond the memory constraint.

I'm trying to get at is how much is this about your ability to get key components new orders, or existing orders occurring earlier?

I'd like to see if you could double click on that vertical and offer us some quantification

if maybe you could help us bridge the trends in your ISG operating margin. In that I I know there's some seasonal aspects to it

give us your thoughts on your exposure to the U.S. federal government. Basically, how big is it typically as a percent of your revenue?

I just wanted to see whether you were referencing year-over-year or sequentials on that guidance

some customers may be showing a preference for your hardware solutions based on the performance, the relative performance that perhaps the total cost of ownership of implementing software is actual...

Could you update us on any progress around the engagement and discussions you've had with NVIDIA?

what rough percentage of revenue is coming from AI projects today?

what are you seeing in terms of U.S. federal in light of the government shutdown?

how should we think about services trending?

Should we take this as more of a one-off? Or is there some new trending that we should think about?

you've essentially guided up from the prior quarter's flat first half rather than implying that Q2 should be down a lot to compensate

how did your verticals perform relative to expectations that you guided?

I wanted to see if you could talk about the topic around demand elasticity

Rami had indicated that Juniper had landed some deals in the back end. I'm wondering if you could unpack and give us a little bit more detail

I'm wondering are you targeting more of the the cloud builders right now and is that affecting some of the the assumptions

you indicated that traditional servers would be flattish to even slightly up sequentially in the January quarter, which I think defies seasonality

I just wanted to see if you could maybe double click on the OCS market, which sounds quite a bit better than what you discussed last quarter

I've heard second or third hand that you've suggested that this could be $100 million by your December '26 quarter. Now I don't know that, that's true. So I wanted to hear directly from you how you...

I would like to see if you could rank order, what does the biggest dollar increase come from sequentially in December versus September

I'd love to get an update on how to think about the trajectory in that should we be envisioning a very gradual ramp

Wondering how you're thinking about your position in that market in terms of quantifying as well as your ability to remain a sole source supplier

trying to get a sense of how much business or manufacturing do you still have in China and that assumption

I'd like to get your latest thinking on what contributions and what role you can play in CPO

I wanted to see if you could speak a little bit to your thoughts and comments on the prospects for Co-Package Optics or CPO

I'd like to get your perspective on how you see the market for 1.6 terabit devices evolving and what you would anticipate your role would be

what I'm trying to get an assessment of is sort of what's changed in that December outlook versus what you thought several quarters ago

is every participant, every vendor raising price by the same amount at the same time?

I wanted to see how you thought about your opportunities to win business with some of the sovereign or neo clouds

how do you think about the competitive landscape in that application and broadly the AI opportunities?

I'm trying to get a better sense of is the readiness of your portfolio to support enterprise initiatives and whether you've got more products in the pipeline to perhaps move up the value chain

how are you thinking about the section 232 reviews on semiconductors? What are your expectations for the impact of that?

did the behaviors that are creating your concerns actually moderate when tariffs were delayed in May versus what you saw when they were first announced in April?

I wanted to see if you could talk about your expectations for tariffs and the risk

I'm just wondering if there are any specific characteristics of the customers you see experimenting with AI applications in the enterprise

if there's anything in particular going on in terms of the mix between your software and hardware business that might be affecting our product gross margins either in the recent quarter or in the o...

And is any of this related to customers perhaps waiting for GB300? Or is that not a factor