“GAAP and non-GAAP gross margins are expected to be 65.2% and 67% respectively, plus or minus 50 basis points.”

In context

“e architecture products, partially offset by a mix shift within Data Center. Q2 GAAP EPS was $0.94 up 276% from a year earlier. Non-GAAP EPS was $1.04, up 89% from the year-earlier, adjusting for the 4 to 1 stock split effective this quarter. Q2 cash flow from operations was a record 2.7 billion. Let me turn to the outlook for the Third Quarter of Fiscal 2022. We expect another strong quarter with sequential growth driven largely by accelerating demand in Data Center. In addition, we expect sequential growth in each of our three other market platforms. Gaming demand is continuing to exceed supply as we expect channel inventories to remain below target levels as we exit Q3. The contribution of CMP to our revenue outlook is amongst. Revenue is expected to be 6.8 billion plus or minus 2%, GAAP and non-GAAP gross margins are expected to be 65.2% and 67% respectively, plus or minus 50 basis points. GAAP and non-GAAP operating expenses are expected to be approximately 1.96 billion and 1.37 billion, respectively. GAAP and non-GAAP other income and expenses are both expected to be an expense of approximately 60 million, excluding gains and losses on equity securities. GAAP and non-GAAP tax rates are supposed to be expected 11%, plus or minus 1% excluding discrete items. Capital expenditures are expected to be approximately 200 million to 225 million. Further financial details are included in the CFO commentary and other information available on our IR website. In closing, let me highlight upcoming events for the financial community. We will be attending the following virtual events. The BMO Technology Summit on August 24th, the New Street Big Ideas in Semiconductors Conference on S”