Quarterly guidance

Revenue
Approximately $17 billion, plus or minus 3%.
Gross Margin
Approximately 55%.
Operating Expenses
Approximately $3.75 billion.
Tax Rate
13%.

Annual guidance

2027 Revenue
Growth of more than 80%.
2027 Server Revenue
Expected to double year-over-year.
2027 PC Market
Unit shipments expected to decline by a double-digit percentage.

Outlook

Data Center Growth
Expected to accelerate in Q4 and drive the majority of revenue and earnings growth in 2027.
Supply Chain
The company is actively working with partners to secure wafers, substrates, and memory to meet demand that currently exceeds supply.
Embedded Segment
Expected to deliver strong double-digit annual revenue growth in 2027.
Acquisitions
The Taalas and World Labs acquisitions are expected to close by the end of 2026.
PC Market
Management plans to outperform the market despite an expected double-digit decline in unit shipments.
Operating Leverage
Management expects operating expenses to grow less than half the rate of top-line revenue growth in 2027.