“expect the non GAAP diluted share count to be approximately In Q3, 4.94 billion shares, excluding the impact of potential share repurchase.”

In context

“y grows in Q3, we expect Q3 consolidated gross margin to be down to approximately 74%. This decline in gross margin does not represent a structural change in semiconductor margin. Rather, it reflects product mix between semiconductors and infrastructure software. Regardless of the impact to gross margin, we expect Q3 operating margin to be 67% which is flat quarter on quarter, demonstrating our strong operating leverage. We highly recommend that investors model semiconductor and infrastructure software margins separately to properly reflect the impact of changes in total revenue mix going forward. We expect the non GAAP tax rate for Q3 and fiscal year 26 to be approximately 16% due to the impact of the global minimum tax and the geographic mix of income compared to that of fiscal year 25. expect the non GAAP diluted share count to be approximately In Q3, 4.94 billion shares, excluding the impact of potential share repurchase. That concludes my prepared remarks. Operator: Operator, please open up the call for questions. Thank you. Due to time restraints, we ask that you please limit yourself to 1 question. Please stand by while we compile the Q&A roster. And our first question will come from the line of Harlan Sur with JPMorgan. Harlan Sur: Your line is open. Yes, good afternoon. Thank you for taking my question. Thanks for all your support, Kirsten. And Amy, welcome to the team. First, just a housekeeping quick housekeeping item. Hawk, on this fiscal year, AI sort of 2 x growth second half over first half, that would put AI revenues over $60 billion with sequential growth in fiscal Q4, but you gave us the $56 billion number, which is only, like, 1.5x half-over-half growth with Q4 AI actually being down sequent”