“Sequentially, we expect revenue to grow by approximately 4% driven by double-digit growth in the data center segment with strong growth in server and continued ramp of our MI350 Series GPUs, a decline in our client and gaming segment with client revenue increasing and the gaming revenue down strong double digits, and double-digit growth in our embedded segment.”

In context

“in $1.3 billion in share repurchases for the first 3 quarters of 2025. Exiting the quarter, we have $9.4 billion authorization remaining under our share repurchase program. At the end of the quarter, cash, cash equivalent and short-term investment were $7.2 billion. Our total debt was $3.2 billion. Now turning to our fourth quarter 2025 outlook. Please note that our fourth quarter outlook does not include any revenue from AMD Instinct MI308 shipment to China. For the fourth quarter of 2025, we expect revenue to be approximately $9.6 billion, plus or minus $300 million. The midpoint of our guidance represents approximately 25% year-over-year revenue growth driven by strong double-digit growth in our data center, and client and gaming segment and a return to growth in our embedded segment. Sequentially, we expect revenue to grow by approximately 4% driven by double-digit growth in the data center segment with strong growth in server and continued ramp of our MI350 Series GPUs, a decline in our client and gaming segment with client revenue increasing and the gaming revenue down strong double digits, and double-digit growth in our embedded segment. In addition, we expect fourth quarter non-GAAP gross margin to be approximately 54.5%, and we expect non-GAAP operating expenses to be approximately $2.8 billion. We expect net interest and other expenses to be a gain of approximately $37 million. We expect our non-GAAP effective tax rate to be 13%, and diluted share count is expected to be approximately 1.65 billion shares. In closing, we executed very well, delivering record revenue for the first 3 quarters of the year. The strategic investment we are making position us well to capitalize on expanding AI opportunities across all our end markets, driving sustainable long-term revenue growth and earnings expansion for compelling shareholder value creation. With that, I'll turn it back to Matt for the Q&A session. Matthew Ramsay: Thank you”