“I think we see the end-of-life of these products starting in the second half of 2026.”

In context

“Keith Jensen (CFO): Yes, I'll jump in a little bit on this. I think we see the end-of-life of these products starting in the second half of 2026. We don't expect the customers to wait until the last moment to make the change. For larger enterprises, they would go through another certification or POC project as part of that before they place them in service. We saw a similar lift, although not identical, in 2023, but the magnitude in 2026 is much larger. And why this is relevant to 2023 is that if you look back at product revenue growth in 2022, it was very different, considering the supply chain issues with switches, and et cetera, but I think in 2022, the product revenue growth was a little over 40%. So we believe there's a relationship there. We expect it to start earlier though. To the second part of your question, as I mentioned, the absolute number as we look at 2026 is by far the largest we've seen in the last 5 or 6 years. It is dominated by the entry-level firewalls, however, in 2026, we see a significant portion being mid-range firewalls as well, which is a very unusual and positive situation. I don't have a breakdown by SMB or something similar right now. Maybe Christian can add more to that.”