Toshiya Hari

how you're thinking about the year. I know you gave a couple of comments, but by application, by geography

if you can kind of expand on what you're doing exactly with your customers? Is it primarily tied to your IMS offering

how you're thinking about the market this year? And if you can delineate between cloud and enterprise

you're guiding gross margin to 54% in the first quarter. I'm curious what some of the major puts and takes are

The $60 billion to $90 billion SAM forecast for fiscal '27, Hock, I'm curious if you guys have a view on the TAM

the outperformance relative to WFE you guys expect to deliver this year. Is that mostly a function of dep and etch

what the feedback has been to you and the company, any common threads, and how do you plan on responding

calendar 2024, where did blended ASPs for you all land roughly? And how should we think about 2025

I'm curious how you're thinking about blended pricing into calendar '25

your December quarter revenue outlook, I think at the midpoint is 20% or 25% below where you were pre-pandemic

how you would characterize customer inventory levels of optical DSPs in the marketplace today

it feels like the trajectory kind of flattens out from here, still up, but flatter. I'm curious, am I thinking about it the right way?

is it a multitude of componentry that's causing this? Or is it specifically [HBM]

what kind of global SAAR or global unit production are you expecting for the year? And more importantly, Kurt, you talked about the secular drivers

I'm curious what your expectations are in terms of foundry costs or wafer costs in '25 versus '24

I was hoping you could sort of touch on the breadth of your customer base in that business

you talked about digestion in '25 and then a potential recovery in '26

You're guiding Q1 revenue down, I think, 2% to 3% sequentially. I was hoping you could maybe provide some color by end market