Tom O'Malley

when you're looking at where the strength is coming from in auto today, are you seeing some restocking at those end customers?

could you talk about where you're concerned on supply, if you are? And then any gating factors as you look into next year

can you maybe talk about procurement of memory, when that takes place, particularly on the HBM side?

where do you think that the constraint will be? Will it come first with components not being available?

Could you talk about into next year what your view is on discrete sales versus system sales? When do you see that crossover kind of happening?

perhaps you could comment on when you get approval, if the supply chain is ready, what's currently in inventory?

could you maybe talk about what you see the client business growing as a base level?

do you think that you need more? Is that something that you're going to do internally? Look externally?

you noted that customers are staying at direct attached copper through 400 gig SerDes. Is there any reason you're pointing that out in particular, especially as a leading pioneer in CPO?

Maybe you could talk about when you see material uplift in revenue there and why it's important to start thinking about those type of switches as we move more towards inferencing

Jim, you mentioned some bottlenecks that were being relieved in the OCS business. What specifically are you referring to?

maybe you could spend some time talking about the components of that backlog. Where is the greatest area of strength?

Maybe talk about when you see the industry getting the product that it needs. Are we still in a position where the industry is short?

Could you maybe help us understand what was the driver in the September quarter? I think you called out datacom as maybe being a little bit more of a driver

Any way for us to link the percent of production, the amount of production to how much gross margin expansion you see?

gross margins are pressured a bit. Should we be thinking about mix differential that gets you to lower gross margins

In your June guidance, what are you assuming from a revenue perspective from silicon carbide

any color on just the broader segments, what gets you to that flat guidance into March is the first question?

are you starting to see a change in behavior from some of the hyperscalers as it relates to the domestication

is that all that you identified as non-strategic? Could there be additional sales on the way?

do you think that you will have any contribution from 1.6T in the fourth calendar quarter of this year?

could you maybe just give us an update on if you're seeing any pull-ins, any changes in dynamics from a geography perspective?

could you talk about what the strategy will be going forward? Are you planning on launching a new product

Where should I be paying attention Is that more on the leading edge foundry logic side? Is that more in the advanced packaging side?

Do you think that as this year goes along, maybe that view can change if you see an acceleration a bit more quickly on the NAND side

Do you agree with that statement? Or do you have any qualification for how you would look at that ratio?

Are you talking about additional customers coming in on the leading-edge side?

the DRAM side gets a little bit stronger and you see a little weakness on that? Are you seeing anything different just given or the timing of your NAND business?

Can you guys talk about what you guys did in order to get to that 100 basis points per quarter?

Have you seen incremental spend there in the short-term or rush orders to try to catch up by customers?

we'd love to try to figure out where the strength is coming from just on a sequential basis into March

do you guys see a future in which that type of business becomes more significant for you

Maybe you could walk through the contributions to the $600 million

you talked about shipping to a proprietary interconnect customer and an exciting opportunity

Was that just you regurgitating that statement? Does it mean Q4 or could you possibly get there earlier

two new customers, are both of them qualified yet? And when they are qualified, when do you normally get a feel for the volume

is more of that incremental the EML lasers or is more of that incremental the qualifications of the new transceiver customers

you mentioned the tariff environment is very different in the December quarter versus the September quarter. I was curious if you could unpack that

how long do you think that you can continue to grow on the NAND front before you start to get some greenfield kick in

in terms of the upgrades really coming in strong, I think it's actually very impressive that you're able to guide

Could you maybe give us some perspective on the base there? And then you've been really helpful in the next few years kind of giving the contributing factors

are you seeing any stops and starts there in terms of product ramps as well? Are you hearing about any component issues

is that one project winding down while another is then winding back up in the fourth quarter? Is that just a temporary pause

Is there something going on with optical? Is that flattening out a bit? Is there anything going on? Can you give us an update on the health of optical

what does that mean for your DSP business? Like obviously your share of the optical world is a little bit different

potentially some headwinds in terms of inventory at 800-gig or the pricing dynamic as you move to 1.6T

Could you just do your best to maybe size how significant those are for you today?

Could you talk about your view on the memory market longer term

the percentage of the DRAM business today that is HBM from a dollars perspective

any color specifically on HBM contribution the November quarter and what you are expecting in the guide

where does utilization stand today

could you maybe give us a flavor of are these new products beneficial to corporate gross margins?

Do you think that you would expand it just given the stronger demand profile? Are you comfortable with it at that 11 weeks mark

is it the decision to just not go to 11 weeks overall? Or is it just we're going to wait a little bit until we take it to the 11 weeks

you're guiding that business up 10%. Could you maybe walk through the moving pieces

maybe again, what happened in the quarter, maybe the processor business versus the rest of auto

Could you give us a little bit of a feel of what's moving into your Q4

Is 11 weeks the maximum that you guys would channel refill in this period of time? Or is there any circumstance in which you would go a little bit higher

any differences that we should be thinking about in the recovery between auto and industrial as the year closes

Could you just maybe talk about the inventory situation at the North American customers versus three months ago

when do you start to make decisions about internal utilization? Like, is it like two or three quarter out scenario

Can you talk about your appetite to potentially expand the channel? And then the second one, around the direct customers, there was a time during the pandemic where we went from just-in-time to jus...

Are you guys seeing that in the market? And would you ever consider this as new contracts come up over the coming years

Could you get to a crossover point in the first half '27?

are customers two, three, et cetera, outside of customer one making up a significant portion of the ramp, like 10% or more

Should we be thinking about September, any kind of headwind from that 14-weeks?

how much of your business in terms of mix is HAMR today and maybe how much you think exiting the year

Can you give us an update on how content has trended since then?

Can you guys give what Android did in both of those quarters in the mobile business?

Is that because you raised pricing previously? You plan to in the future? The reason the question comes from your competitors are talking about an increase in pricing early in 2026

There was no mention of auto there. You guys have said previously, maybe the auto business is a little bit slower off the bottom than industrial. Any update on the auto business

can you meet all of that demand with your China facility in country? Or could you help me just understand how much of that demand you can meet

is the back end always associated with that same foundry? Or are you shipping that to different places before it meets the end the end customer

Is the depreciation being at the lower end entirely a function or the updated guide that you're giving today entirely a function of those tax credits and grants, or is that a function of potentiall...

how much appetite do customers have to keep on taking pricing increases, and what is your strategy there

Could you maybe give us a little more detail on that, maybe the size of the purchase? And then what in particular you needed to add on the laser side that you felt like you need to go out and do a ...

I was curious if you guys have been engaging with any large hyperscalers or any large procurers of storage for any kind of solution that would maybe attach on to custom silicon deployment

on $100 billion of AI spend you would see from a benefit to their business

Could you talk about the hooks that are in these agreements? Are these take-or-pay

is there any mark that you would call out as that kind of waterfall? Is there a spot that you would say from this point forward, we only need technology transitions

You guys said ASPs in the June quarter were down low single digits. Is that correct

could you talk about like what benefit you get from these LTAs? Is this take-or-pay agreements

looking into the June units versus pricing, any commentary you have that get you to that guide

Could you help us understand where you guys start running into a wall in terms of capacity?

given the reduction in utilization and just a broader pause, you're saying kind of a mid-cycle pause in the business. Any update on how you're thinking about spend