“And -- but at the end of the day, to answer your question, yes, I expect as a composition of our total AI revenue in any quarter that will be ranging between probably 33% to 40% AI networking components.”

Why this grade

Management revised down the expected AI networking share of total AI revenue from a 33%-40% range to around 30%, before the commitment period concluded.

Deviation basis: percent of the low end of the guided range (33%)

In context

“ndwidth out there for their clusters. So we are seeing huge demand for this only 100 terabit per second switch out there. So that's driving a lot of demand. And couple that with running bandwidth on scaling out optical transceivers at 1.6 terabit. We are again the only player out there doing DSP at 1.6 terabit. That combination is driving, I would say, the growth of our networking components even faster than our XPUs are growing, which is already pretty remarkable. So that's what you're seeing. But at some point, I would think these things will settle down, though we're not slowing down the pace because, as I said, next year in '27, we'll launch next-generation Tomahawk 7, 2x the performance and we'll probably be by far the first out there, and that will continue to sustain that momentum. And -- but at the end of the day, to answer your question, yes, I expect as a composition of our total AI revenue in any quarter that will be ranging between probably 33% to 40% AI networking components. Operator: One moment for our next question, and that will come from the line of C.J. Muse with Cantor Fitzgerald. Christopher Muse: I'm curious, how are you thinking about the move to disaggregate prefill and decode from the GPU ecosystem and the impact to custom silicon demand? Are you seeing any potential changes in sort of the relative mix between GPUs and customer silicon? Hock Tan: I'm not sure I fully understand your question, C.J., could you clarify what do you mean disaggregate? Christopher Muse: Sure. Pushing off workloads to CPX for prefill and working off a Groq for decode and having that disaggregated kind of world. And does that put any pressure in terms of the demand for custom versus going with a full GPU stack? Hock Tan: Okay. I get what you mean, that word disaggregation”