“for 2025, we're expecting gross margins to be flat on a constant currency with foreign exchange driving about 0.5 point of headwind.”

In context

“hink there's more upside for us there in pricing, and our cost-down programs have kicked in and are helping as well. So those are, I think, both tailwinds for us. So on the mix side, it is a bit of a mixed bag. And Gary give you some details, but some of the programs like Hugo and Affera that involve capital can be a little -- can be lower, especially earlier in the cycle, as you're ramping them up. But then we have some others like Ardian and Neuromod, which are -- Neuromod's out there now having a pretty big positive impact on price and on our margins. and our mix and Ardian would do the same. I don't know if you -- how you want to add to that, Gary. . Gary Corona: Yes, not much to add, Geoff. I would just say, first of all, all of the -- all of this is contemplated in our guidance. And for 2025, we're expecting gross margins to be flat on a constant currency with foreign exchange driving about 0.5 point of headwind. I talked about the sequential improvement that we expect in both Q3 and Q4 and our focus on stabilizing and improving from there. Geoff talked about some of the headwinds, but I also say we're really laser-focused on cost reduction on price, especially behind our innovation across the board, to fund the investment to ensure commercial success of these critical launches. Robbie Marcus: Thank you very much. Ryan Weispfenning: Thanks, Robbie. Next question, please Brad. Brad Welnick: The next question comes from Vijay Kumar at Evercore ISI. Vijay, please go ahead. Vijay Kumar: Hi, guys. Thanks for taking my question and congratulations on a steady execution here. Geoff, maybe I wanted to focus on ablation here. You mentioned flattish growth in the quarter due to some disruption, what was the”