“GAAP and non-GAAP other income and expenses are expected to be an income of approximately $500 million, excluding gains and losses from non-marketable and publicly held equity securities.”

In context

“ok for the third quarter. Total revenue is expected to be $54 billion plus or minus 2%. This represents over $7 billion in sequential growth. Again, we do not assume any H20 shipments to China customers in our outlook. GAAP and non-GAAP gross margins are expected to be 73.3% and 73.5%, respectively, plus or minus 50 basis points. We continue to expect to exit the year with non-GAAP gross margins in the mid-seventies. GAAP and non-GAAP operating expenses are expected to be approximately $5.9 billion and $4.2 billion, respectively. For the full year, we expect operating expenses to grow in the high thirties range year over year, up from our prior expectations of the mid-thirties. We are accelerating investments in the business to address the magnitude of growth opportunities that lie ahead. GAAP and non-GAAP other income and expenses are expected to be an income of approximately $500 million, excluding gains and losses from non-marketable and publicly held equity securities. GAAP and non-GAAP tax rates are expected to be 16.5%, plus or minus 1%, excluding any discrete items. Further financial data are included in the CFO commentary and other information available on our website. In closing, let me highlight upcoming events for the financial community. We will be at the Goldman Sachs Technology Conference on September 8 in San Francisco. Our annual NDR will commence the October GTC data center begins on October 27 with Jensen's keynote scheduled for the twenty-eighth. We look forward to seeing you at these events. Our earnings call to discuss the results of our 2026 is scheduled for November 19. We will now open the call for questions. Operator, would you please poll for questions? Sarah: Thank you. At this time, I would like to remind everyone in order to ask”