“We do not see any material direct impact to us at this point, the landscape obviously is dynamic, so we're closely monitoring, but we're very focused on things we control and very focused on supporting our customers as well.”

In context

“ns] The first question comes from Joshua Buchalter with TD Cowen. Please proceed with your question. Joshua Buchalter: Hey guys, thanks for taking my question and congrats on the solid results in a difficult backdrop. My first question could you maybe spend a couple minutes talking through what kind of assumptions you're baking into in particular your guidance in the handset market? I mean given there's pretty widespread concerns of tariff related pull ins, are you seeing any signs of that yet? And in particular your largest customer was up pretty meaningfully year-over-year, so was any change in order patterns there? Thank you. Cristiano Amon: Yes, thanks Josh for the question. Our approach on tariffs is really our guidance reflects our current assessment of the financial impact from it. We do not see any material direct impact to us at this point, the landscape obviously is dynamic, so we're closely monitoring, but we're very focused on things we control and very focused on supporting our customers as well. One thing to remember is when you look at our supply chain, we have a very diversified global supply chain. And so that positions us very well to navigate challenges that might happen as a result of tariffs. And then maybe specifically on your question of pull ins, we have not seen any material pull ins from our customers. So this reflects kind of reasonable, consistent ordering patterns from them and that's what's reflected in our guidance. Joshua Buchalter: Understood, thank you. To follow up, I think a quarter ago you expressed some optimism but certainly didn't include any Huawei royalty revenue in the model. Any updates to share on those negotiations, obviously, given the difficult backdrop to be signing deals right now. Thank you. Alex Rogers: Josh. This is Alex. There really aren't”