“So describe it roughly in the low to very low single-digit declines over time. And I would say, just generally that's what we are continuing to see.”

In context

“think last quarter, you'd suggested that pricing was sort of resuming historical trends, which -- I think, it suggests it was down -- I think, it was low to mid-single digits. Is there any update on what you are seeing in terms of the pricing environment? Is that still the environment that we are in? Are things better -- are things worse? Like where do you see that going as we go forward? Dave Pahl: Yes. Stacy, I'll comment on that. And as I said last quarter, really we began seeing things change mid-last year -- in the back half of last year as we began discussions with customers for their demand in the following year and out in time, whatever those pricing windows would open up. And those are really just going back to what we've seen in the last 10 years, 20 years kind of pre-pandemic. So describe it roughly in the low to very low single-digit declines over time. And I would say, just generally that's what we are continuing to see. Rafael Lizardi: Let me add one more thing, Stacy. I want to give you a bonus answer. You always ask about OpEx. So you are not asking, but I'm going to give you OpEx. Remember that second quarter has a full three months of raises whereas first quarter only had two months of raises. So it's something for your modeling. Stacy Rasgon: Thank you. Dave Pahl: Thank you Stacy. We will go to the next caller please. Operator: Our next question is from Vivek Arya with Bank of America Securities. Please proceed with your question. Vivek Arya: Thank you for taking my question. I think in the prepared remarks, you said customers continue to reduce inventory levels, but you are also guiding Q2 sales to be up 4% sequentially. So my question is, should we think of Q2 as kind of a normal seasonal quarter?”