“For Q3, we forecast software revenue to be approximately $8.9 billion, up 31% year on year.”

In context

“aunched. By Apollo. Now, turning to non AI semiconductors. Q2 revenue of $4.2 billion was up 6% year on year. Bookings during the same period exceeded $6 billion. Which is a clear indication we are on the path towards a full cyclical recovery. Broadband, server storage, and enterprise networking together were up partially offset by seasonal decline in wireless. Consistent with this trend in Q3 we forecast non AI semiconductor revenue to be approximately $4.5 billion, up 12% from a year ago. In summary, we expect Q3 semiconductor revenue to be $20.5 billion, up 124% year on year. Let me turn to infrastructure software segment. Q2 software revenue $7.2 billion was up 9% year on year, in line with our guidance. Bookings continued to be strong as we sustained ARR growth of 17% year over year. For Q3, we forecast software revenue to be approximately $8.9 billion, up 31% year on year. We just released VMware Cloud Foundation 9.1 focused on improving infrastructure efficiency, security, and support for enterprise. AI inferencing workloads. With strong server demand globally, the deployment of VCF 9.1 for on-prem cloud computing is extremely strong. Driving robust revenue growth. This release adds heterogeneous compute support across GPUs, and CPU architectures. Including AMD, Intel, and NVIDIA platforms. Enabling customers, enterprise cloud customers to run AI Kubernetes, and traditional virtualized workloads on a common private cloud environment. So to sum it up, for Q3 2026, we expect our consolidated revenue to grow to $29.4 billion, up 84% year on year. We expect operating margin to be stable at approximately 67% of revenue and adjusted EBITDA to be at approximately”