“That said, I think we're about to the point where we're lapping some of the benefits of the price increases. So there may be a little more room in gross margin sequentially.”

In context

“building out the AI infrastructure for each of them, and so that's really what we see happening, and it's an area that we've had lots of design wins. We continue to get design wins, and it's an area where we believe that we'll continue to gain market share. Sami Badri: Got it. Thank you. And then one follow-up on gross margins. You talked about the modest growth in 2024, and you also talked about EPS outpacing that. But maybe we could get an idea on gross margin trajectory. Should – is there something we should be thinking as far as a glide path or an expansion range? Scott Herren: Yes, Sami, you see the midpoint of the guide we gave on gross margin for Q4. We've seen significant progress on gross margin through the year. I mean the product gross margin grew 240 basis points sequentially. That said, I think we're about to the point where we're lapping some of the benefits of the price increases. So there may be a little more room in gross margin sequentially. But if you look at the average for the year next year, of course, if you remember the first quarter of this year, we had a pretty significant impact in gross margin. So the average for the full-year will definitely go up, right, as we say, if we keep it this same glide path through fiscal 2024. Sami Badri: Got it. Thank you. Marilyn Mora: All right. Thanks, Sami. Next question. Operator: Thank you. Matt Niknam with Deutsche Bank. You may go ahead, sir. Matthew Niknam: Hey, guys. Thank you for taking the questions. First, just a follow-up on the fiscal 2024. The modest growth, what sort of macro assumptions are you embedding into that preliminary outlook? And then just secondly, if I could just double click on security. If you can maybe talk about what's driving some of the softness or dec”