Fourth Quarter of Fiscal 2025 Financial Outlook
- Net revenue is expected to be $1.800 billion +/- 5%.
- GAAP gross margin is expected to be approximately 50%.
- Non-GAAP gross margin is expected to be approximately 60%.
- GAAP operating expenses are expected to be approximately $710 million.
- Non-GAAP operating expenses are expected to be approximately $480 million.
- Basic weighted-average shares outstanding are expected to be 867 million.
- Diluted weighted-average shares outstanding are expected to be 877 million.
- GAAP diluted net income per share is expected to be $0.16 +/- $0.05 per share.
- Non-GAAP diluted net income per share is expected to be $0.59 +/- $0.05 per share.
GAAP diluted EPS is calculated using basic weighted-average shares outstanding when there is a GAAP net loss, and calculated using diluted weighted-average shares outstanding when there is a GAAP net income. Non-GAAP diluted EPS is calculated using diluted weighted-average shares outstanding.
