“We expect the non GAAP tax rate for Q4 and fiscal year 2025 to remain at 14%.”

In context

“mpact of any share repurchases. Now moving to guidance. Our guidance for Q4 is for consolidated revenue of $17.4 billion up 24% year on year. We forecast semiconductor revenue of approximately $10.7 billion up 30% year on year. Within this, we expect Q4 AI semiconductor revenue of $6.2 billion up 66% year on year. We expect infrastructure software revenue of approximately $6.7 billion up 15% year on year. For your modeling purposes, we expect Q4 consolidated gross margin to be down approximately 70 basis points sequentially primarily reflecting a higher mix of XPUs and also wireless revenue. As a reminder, consolidated gross margins through the year will be impacted by the revenue mix of infrastructure software and product mix within semiconductors. We expect Q4 adjusted EBITDA to be 67%. We expect the non GAAP tax rate for Q4 and fiscal year 2025 to remain at 14%. I will now pass the call back to Hock for some more exciting news. Hock Tan: I don't know about exciting, Kirsten, but I do. I thought before we move to questions, I should share an update. The board and I have agreed that I will continue as the CEO of Broadcom through 2030 at least. These are exciting times for Broadcom, and I'm very enthusiastic to continue to drive value for our shareholders. Operator, please open up the call for questions. Operator: Thank you. Star one one again. Due to time restraints, we ask that you please limit And our first question will come from the line of Ross Seymore with Deutsche Bank. Your line is open. Ross Seymore: Hi, guys. Thanks for asking question. Hock, thank you for sticking around for a few more years. So I just wanted to talk about the AI busines”