Quarterly guidance

Q3 Revenue
$1.325 billion to $1.335 billion
Q3 Operating Profit
$265 million to $275 million

Annual guidance

FY2027 Revenue
$5.030 billion to $5.070 billion
FY2027 Operating Profit
$940 million to $960 million

Outlook

Demand
Demand remains strong despite substantial industry-wide price increases.
Supply Chain
Supply remains tight, but the company has made strategic component purchases to mitigate risks.
Hyperscale
Revenue is expected to ramp significantly in the second half of fiscal year 2027 and into fiscal year 2028.
Pricing
Pricing has largely offset increased component costs, and the company intends to operate at the low end of its gross margin range to drive market share.
Visibility
The company currently has about two quarters of visibility into the pipeline.