“In terms of supply, we expect the challenges we experienced in Q3 to continue into Q4.”

In context

“e point year-on-year impact on Q3 operating cash flow. In terms of capital allocation, we returned $1.8 billion to shareholders during the quarter, that was comprised of $1.6 billion for our quarterly cash dividend and approximately $250 million of share repurchases. Year-to-date, we have returned a total of approximately $10 billion in value to our shareholders via cash dividends and stock repurchases and more than $17 billion available under our Board stock repurchase authorization. To summarize, we're navigating the highly complex environment while continuing to make progress on our business model shift and making strategic investments in innovation to capitalize on our significant growth opportunities and expanding addressable markets. Now let me provide our financial guidance for Q4. In terms of supply, we expect the challenges we experienced in Q3 to continue into Q4. For next quarter, we expect revenue growth to be in the range of minus 1% to minus 5.5%. We anticipate the non-GAAP gross margin to be in the range of 64% to 65%. Our non-GAAP operating margin is expected to be in the range of 31.5% to 33.5% and non-GAAP earnings per share is expected to range from $0.76 to $0.84. For the full year fiscal '22, guidance is as follows. We expect revenue growth to be in the range of 2% to 3% year-on-year. Non-GAAP earnings per share guidance is expected to range from $3.29 to $3.37, up 2% to 5% year-on-year. In both our Q4 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. Met”