“Non-GAAP operating expenses to be approximately $2.05 billion.”

In context

“ontinued ramp of Data Center segment products. At the end of the quarter, cash, cash equivalents and short-term investment was $4.5 billion. In the third quarter, we returned $250 million of cash to shareholders, repurchasing 1.8 million shares, and we have $4.9 billion of authorization remaining. Now turning to our fourth quarter of 2024 outlook. We expect revenue to be approximately $7.5 billion, plus or minus $300 million, up 22% year-over-year, driven by strong growth in our Data Center and Client segment, more than offset decline in the Gaming and Embedded segments. We expect revenue to be up approximately 10% sequentially, driven primarily by growth across Data Center, Client and the Gaming segment. In addition, we expect fourth quarter non-GAAP gross margin to be approximately 54%. Non-GAAP operating expenses to be approximately $2.05 billion. Non-GAAP other net income to be $17 million, non-GAAP effective tax rate to be 13% and the diluted share count is expected to be approximately 1.64 billion shares. In closing, we're pleased with our strong execution in the third quarter. We delivered record revenue, along with the strong year-over-year expansion in gross margin and earnings per share growth. Looking ahead, we are very well positioned to deliver another record quarter of revenue in the fourth quarter, driven by continued momentum in our data center and client segments. Importantly, we are making a strategic investment at position AMD as the end-to-end AI infrastructure leader and drive long-term profitable growth. With that, I'll turn it back to Mitch for the Q&A session. Mitch Haws: Thank you, Jean. Let's poll the audienc”