“You know, our backlog is very dynamic these days. As I said. And it is continuing to ramp up.”

In context

“eider with Goldman Sachs. Your line is open. Jim Schneider: Good afternoon. Thanks for taking my question. Hock, I was wondering if you might care to calibrate your expectations for AI revenue in fiscal 2026 a little bit more closely. I believe you talked about acceleration in fiscal 2026 off of the 65% growth rate you did in fiscal 2025. And then you're guiding to 100% growth for Q1. So I'm just wondering if the Q1 is a good jumping-off point for the growth rate you expect for the full year something maybe a little bit less than that? And then maybe if you could separately clarify whether your $1 billion of orders for the fifth customer is indeed OpenAI, which you made a separate announcement about. Thank you. Hock Tan: Wow. There's a lot of question here. But let me start off with 2026. You know, our backlog is very dynamic these days. As I said. And it is continuing to ramp up. And you're right. We originally, six months ago said maybe year on year, AI revenues would grow in 2026 sixty, 70%. Q1, we doubled. And Q1 2026, today, we're saying it doubled. And when we're looking at it, because all the fresh orders keep coming in, and we give you a milestone of where we are today. Which is $73 billion of backlog to be shipped over the next eighteen months. And we do fully expect as I answered the earlier question, for that $73 billion over the eighteen months, to keep growing, Now it's a moving target. It's a moving number as we move in time. But it will grow. And it's hard for me to pinpoint what 2026 is going to look like precisely. I rather not give you guys any guidance, and that's why we don't give you guidance. But we do give it for Q1. Give it time or give it t”