“For the full year of fiscal 2022, we are tightening the range as follows: we expect revenue growth to be in the range of 5.5% to 6.5% year-on-year, non-GAAP earnings per share is increasing to $3.41 to $3.46, up 5.9% to 7.5% year-on-year.”

In context

“der value. Now let me provide our financial guidance for Q3. As a reminder, the third quarter of last year included an extra week, which was a benefit to total revenue of approximately 3 points of growth. The total impact on our cost of sales and operating expenses was approximately $150 million, and this translated into a $0.04 benefit to earnings per share in our Q3 of last year. For next quarter, we expect revenue growth to be in the range of 3% to 5%. We anticipate non-GAAP gross margins to be in the range of 63.5% to 64.5%, reflecting the continuing increase in supply chain costs we’re incurring as we protect shipments to our customers. Our non-GAAP operating margin is expected to be in the range of 32.5% to 33.5%, non-GAAP earnings per share is expected to range from $0.85 to $0.87. For the full year of fiscal 2022, we are tightening the range as follows: we expect revenue growth to be in the range of 5.5% to 6.5% year-on-year, non-GAAP earnings per share is increasing to $3.41 to $3.46, up 5.9% to 7.5% year-on-year. In both our Q3 and full year guidance, we’re assuming a non-GAAP effective tax rate of 19%. I’ll now turn it back to Marilyn so we can move into the Q&A. Marilyn Mora: Thanks, Scott. Michelle, let’s go ahead and queue up the Q&A. Operator: Thank you. Ittai Kidron from Oppenheimer. You may go ahead. Ittai Kidron: Thanks. Guys, nice to see the good results. I want to dig into the supply chain a little bit Chuck and Scott. Maybe you can talk about, just kind of quarter-over-quarter, have things gotten a little bit worse, a little bit better? And is there any timetable in mind where you think we could see a material improvement? And maybe on the back of that, Scott, when we see this improvement should we just expect like a period of I don’t know, two, three quarters where you really have outs”