The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Christopher Rolland - Susquehanna Financial Group LLLP - Analyst
: Hey guys, thanks for the question, and congrats on the results. I guess, with the results and guidance here, the results in particular,
there's just a very big delta between what you're expecting and what actually happened.
And so I just wanted to understand what's driving delta? Was it just conservatism in the guide? Or is this better units or better content
Question: Christopher Rolland - Susquehanna Financial Group LLLP - Analyst
: Thanks John. I guess secondly, I wanted to kind of check in on your diversification efforts outside of your largest customer. On the
PC side, I wanted to know how big the Compal thing was in driving new designs, and then check in with the auto opportunity as
well. And anything else that you can point to there, is it going better than you would expect that diversification effort?
Question: David Williams - The Benchmark Company LLC - Analyst
: Hey, good afternoon, and thanks for taking my question. So lots of great color there on the last question. I guess, if we kind of think
about the volumes and the content and just kind of the puts and takes around the first half being more weighted versus the second
half, is there a way to kind of, I guess, qualify the magnitude of that? And maybe what -- how to think about the difference between
the content and the volume differential?
Question: David Williams - The Benchmark Company LLC - Analyst
: Great. Lots of great color there. I appreciate it. And then just kind of thinking about the AI opportunities, and you've talked to this
before, but just kind of curious if there's new areas or new products potentially that you could work into the AI trend or especially
at your largest customer, but even beyond that, maybe in the laptop space or even on the Android side, anything I think to that
future opportunity would be helpful. Thanks.
Question: Tore Svanberg - Stifel, Nicolaus & Company Inc - Analyst
: Yes, thank you. So I just had a follow-up question on where you talked about seasonality there, John. And maybe I missed this from
Jeff's comments, but I mean typically, first half, first calendar is 40% and then second half 60%. So are we kind of looking more sort
of at a 45%, 50% profile? Is that how we should think about it? 45%, 55% versus 40%, 60%?
Question: Tore Svanberg - Stifel, Nicolaus & Company Inc - Analyst
: Got it. And related to that, you mentioned you expect inventories to be down sequentially in the September quarter. So does that
also have something to do with that? Or is it just purely the GlobalFoundries commitments that are sort of trailing off?
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