“GAAP and non-GAAP other income and expenses are expected to be about $350 million, including gains and losses from non-affiliated investments and publicly-held equity securities.”

In context

“revenue is expected to be $32.5 billion, plus or minus 2%. Our third-quarter revenue outlook incorporates continued growth of our Hopper architecture and sampling of our Blackwell products. We expect Blackwell production ramp in Q4. GAAP and non-GAAP gross margins are expected to be 74.4% and 75%, respectively, plus or minus 50 basis points. As our data center mix continues to shift to new products, we expect this trend to continue into the fourth quarter of fiscal 2025. For the full-year, we expect gross margins to be in the mid-70% range. GAAP and non-GAAP operating expenses are expected to be approximately $4.3 billion and $3.0 billion, respectively. Full-year operating expenses are expected to grow in the mid-to-upper 40% range as we work on developing our next generation of products. GAAP and non-GAAP other income and expenses are expected to be about $350 million, including gains and losses from non-affiliated investments and publicly-held equity securities. GAAP and non-GAAP tax rates are expected to be 17%, plus or minus 1%, excluding any discrete items. Further financial detail are included in the CFO commentary and other information available on our IR website. We are now going to open the call for questions. Operator, would you please help us poll for questions. Operator: Thank you. [Operator Instructions] And your first question comes from the line of Vivek Arya with Bank of America Securities. Your line is open. Vivek Arya: Thanks for taking my question. Jensen, you mentioned in the prepared comments that there is a change in the Blackwell GPU mask. I'm curious, are there any other incremental changes in back end packaging or anything else? And I think related, you suggested that you could ship several billion dollars of Blackwell in Q”