“Continuing with its strong demand, we expect a significant ramp of Blackwell in Q1.”

In context

“g several configurations to our customers. As Blackwell ramps, we expect gross margins to be in the low seventies. We initially, we are focused on expediting the manufacture as they race to build out Blackwell infrastructure. When fully ramped, we have many opportunities to improve the cost and gross margin. Will improve and return to the mid-seventies. Late this fiscal year. Sequentially, GAAP operating expenses were up 9% and non-GAAP operating expenses were 11%, reflecting higher engineering development costs and higher compute and infrastructure costs for new product introductions. In Q4, we returned $8.1 billion to shareholders, the form of share repurchases cash dividends. Let me turn to the outlook in the first quarter. Total revenue is expected to be $43 billion. Plus or minus 2%. Continuing with its strong demand, we expect a significant ramp of Blackwell in Q1. We expect sequential growth. In both data center and gaming. Within data center, we expect sequential growth from both. Compute and networking. GAAP and non-GAAP gross margins are expected to be 70.6%. And 71% respectively. Plus or minus 50 basis points. GAAP and non-GAAP operating expenses are expected to be approximately $5.2 billion and $3.6 billion. We expect full year fiscal year 2026 operating expenses grow to grow to be in the mid-thirties. GAAP and non-GAAP other incoming expenses are expected to be an income of approximately $400 million. Excluding gains and losses, from non-marketable 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 details are included in the CFO commentary a”