“And that of course, will be a tailwind to op margin as well.”

In context

“old line for a project that's been on flight for several years around duty drawback. So, these are components that we imported that incurred a tariff. They were built into final product and then subsequently exported. When that happens, of course, you get the ability to get a return on that. We've been working to get a return of the tariff that you paid at the point of import. We've been working on this project for some time. During the quarter, those filings were accepted. And so, we got a one-time benefit that's fairly substantial in Q1. Having said that, on the back of the great work the team has done, as I look at the next three quarters of the year and you see this in our Q2 guide, I would expect to see gross margins continue to settle into this range of 68% to 69% for the full year. And that of course, will be a tailwind to op margin as well. Sami Badri: Thank you, Tal. Michelle, we can go to the next question. Operator: Thank you. Matt Niknam with Deutsche Bank. You may go ahead, sir. Matt Niknam: Hey, guys, thanks so much for taking the question. So, my question is mainly around macro. Just wondering maybe, Chuck, if you can speak to how the macro backdrop has evolved over the last three months? And then, maybe to double-click on that as a quick follow-up, as it relates to the election, just wondering if there's any hesitation, any impact in terms of buying behavior across different verticals, given some of the uncertainty around U.S. elections intra-quarter? Thanks. Chuck Robbins: Thanks, Matt. So, on the macro front, I think, first and foremost, I would say that Scott mentioned the U.S. federal challenges, and that will ti”