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: Srinivas Pajjuri - Raymond James & Associates, Inc. - Analyst
: Thank you. Matt, you talked about bookings being somewhat uneven. Maybe you could give us some additional color on which end markets. I
think, you guys are guiding for a commercial to be kind of flattish or muter seasonally?
And then home and life seems to be doing better. But within those I guess end markets, any particular sub segments or end markets that are
standing out in terms of weakness? Thank you.
Question: Srinivas Pajjuri - Raymond James & Associates, Inc. - Analyst
: Okay, got it. Maybe a quick follow up. We hear a lot about edge AI and obviously you have a very strong position in IoT and you did talk about that
as well. I'm just curious, I mean, when we look at these markets, we always tend to think in terms of units and ASPs. So maybe, if you can help us
understand, as we see more and more AI functionality in these applications, what sort of ASP uplift are you seeing and what should we expect as
we, look out to the next couple of years? Thank you.
Question: Srinivas Pajjuri - Raymond James & Associates, Inc. - Analyst
: Got it. Thanks Matt.
Question: Nick Doyle - Needham & Company - Analyst
: Guys, Nick Doyle on for Quinn. Thanks for taking my questions. You guys mentioned no channel restock next quarter. So I guess how are you
thinking about the distributor mix overall? And can that mix get back to 80% in the early 2025? Thanks.
Question: Nick Doyle - Needham & Company - Analyst
: Thanks, helpful. The second question on CGMs. You mentioned line of sight to full ramps in 2025. Can you give us any more details on what that
looks like in terms of units? I think you've talked about millions or tens of millions of an opportunity and, I think online, I think CNBC was talking
about 100 million unit or more in terms of the overall market. So any help there, it would be nice. Thanks.
Question: Nick Doyle - Needham & Company - Analyst
: Thank you.
Question: Cody Acree - The Benchmark Company LLC - Analyst
: Yeah, guys. Thanks for taking my questions. Maybe if you can just talk about your in consumption levels with revenue here in the back half about
flat obviously, after a strong sequential improvement in Q3, what do you think that that is saying about your in consumption levels?
Question: Cody Acree - The Benchmark Company LLC - Analyst
: Thanks for that color. It's very helpful. Maybe if you can just carry on that thought into the first quarter. Any quick thoughts on normal seasonality
or what your order rates are suggesting for the first half?
Question: Cody Acree - The Benchmark Company LLC - Analyst
: All right. Thank you guys.
Question: Peter Peng - J.P. Morgan Securities LLC - Analyst
: Good afternoon and thanks for taking my question. I want to follow up on the design win ramp maybe if you can just kind of give us on how material
this could be to revenue contribution for 2025 that would be helpful versus 2024.
Question: Peter Peng - J.P. Morgan Securities LLC - Analyst
: Got it. Okay. And then as we think about some of these new design win ramps, maybe you can talk about whether there's any margin implications
either to the up or down as we think about 2025?
Question: Peter Peng - J.P. Morgan Securities LLC - Analyst
: Great. Thank you guys.
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