Quarterly guidance

Revenue
$4.3 billion, plus or minus $100 million.
Operating margin
52% at the midpoint, plus or minus 100 basis points.
Adjusted EPS
$3.86, plus or minus $0.15.

Annual guidance

CapEx
Expected to be within the long-term model of 4% to 6% of revenue for fiscal 2026.

Outlook

Data center demand
Strong double-digit growth expected to continue through 2030 supported by expanding analog content and architectures.
Inventory and channel
Customers continue to run very lean with no significant restocking activity yet observed.
Inflation and costs
Inflation remains a persistent factor, with continued cost increases and price actions being implemented.
Manufacturing capacity
Hybrid manufacturing model enables internal capacity expansion and external wafer sourcing to support accelerating demand.