“We forecast other income, comprised mostly of interest income, to total between $350 million and $360 million.”

In context

“within a range of 17-17.5%. Turning to gross profit, on our last call, we forecast pro forma gross profit margin in 2025 to be within a range of 66-67% of revenue. Given Q3 results, which reflected greater leverage of fixed costs and benefits from cost reductions, as well as a lower expected tariff impact for the year, we are updating our estimate of pro forma gross margin to be within a range of 67-67.5% of revenue. Within that range, we now expect the impact of tariffs for the year to be 70 basis points plus or minus 10 basis points. We expect pro forma operating expense growth to be between 11-13%, which includes increased depreciation from new facilities and investments to drive our growth objectives. We estimate non-cash stock compensation to be between $785 million and $795 million. We forecast other income, comprised mostly of interest income, to total between $350 million and $360 million. We expect capital expenditures to range between $625 million and $675 million, which reflects planned facility construction activity. With regard to income tax, due primarily to the lower Q3 non-GAAP effective tax rate that Jamie described earlier, we now estimate our 2025 pro forma income tax rate to be between 21-22%. This concludes our prepared comments. As we open the line for questions, we ask that you please limit yourself to one or two questions. Operator: Ladies and gentlemen, as a reminder, if you do have a question at this time, please press star 11. Our first question comes from the line of Robert Marcus from JPMorgan. Your question, please. Robert Marcus: Great. Congratulations on a great quarter here. Two for me. One, I'll start with procedures and then I have one on margin.”