Aaron Rakers • Wells Fargo

Answer

CEO David V. Goeckeler explained the company is moving away from providing explicit cost-per-bit guidance. He stated the focus is shifting from cost reduction to technology differentiation (performance, power, density) to drive profitability for capital investment, noting that cost-downs are less consistent and can lead to oversupply. However, he acknowledged that BiCS 8 will naturally deliver some cost reductions.

Ask Fintool Equity Research AI

Answer

EVP & CFO Luis Visoso projected startup costs would step down significantly in Q2 and again in Q3. He noted BIX-eight cost benefits will ramp through fiscal 2026 as its mix grows from 7% to 40-50%. CEO David Goeckeler added that they see market demand growth in the low-double-digits for 2025, rising to mid-to-high double digits in 2026, with supply expected to lag demand through 2026.

Ask Fintool Equity Research AI

Answer

CFO Neil Dougherty expressed bullishness for 2026 but noted a significant caveat around tariffs and the macroeconomic environment. CEO Satish Dhanasekaran affirmed his conviction in the long-term AI opportunity, stating that wireline is the primary beneficiary and is expected to finish the year with strong double-digit growth, driven by an expanding ecosystem of customers.

Ask Fintool Equity Research AI

Answer

CFO Neil Dougherty confirmed the company targets a 40% operating incremental on growth above 5%, but noted that new tariffs will impact the ability to deliver on that in the short run. CEO Satish Dhanasekaran characterized the wireless business as stable, with strength in network infrastructure (Open RAN, 6G research) offsetting softness in some smartphone-related segments.

Ask Fintool Equity Research AI

Answer

CFO Neil Dougherty reaffirmed the target of a 40% incremental operating margin on revenue growth above 5% but cautioned that new tariff costs will be a short-term headwind. CEO Satish Dhanasekaran characterized the wireless business as stable, with strength in network infrastructure R&D (Open RAN, 6G) offsetting softness in some smartphone-related areas.

Ask Fintool Equity Research AI

Answer

CFO Neil Dougherty responded that EISG's gross margin recovery is mix-dependent and will take time. He acknowledged that achieving the 31-32% operating margin target by fiscal 2026 is unlikely with a 5% growth rate, but it remains the goal, with potential acceleration from a market bounce-back or acquisition synergies. CEO Satish Dhanasekaran noted that despite gross margin differences, both segments achieved 27% operating margins this quarter due to organizational synergies.

Ask Fintool Equity Research AI

Answer

Executive Satish Dhanasekaran conveyed growing confidence in the wireless business following two quarters of stabilization, driven by infrastructure activity in Open RAN and 6G research, and projected continued stability for 2025. Regarding ADG, Dhanasekaran affirmed the long-term trajectory is predictable due to budget clarity and strong investment in defense modernization, expressing confidence despite potential short-term uncertainties from administration changes.

Ask Fintool Equity Research AI

Answer

CEO Chuck Robbins clarified that the FY2026 growth trajectory is shaped by tougher year-over-year comps later in the fiscal year, not a change in demand. CFO Mark Patterson added that prior quarters had higher growth rates due to the Splunk acquisition not being fully lapped until Q4 FY2025.

Ask Fintool Equity Research AI

Answer

CEO Chuck Robbins clarified that the sovereign opportunity with Saudi Arabia's 'Human' is not in the current order numbers and represents a significant future opportunity. He confirmed the G200 silicon is central to the systems orders, comprising two-thirds of the $600M+ in AI orders, and stated that customer demand currently exceeds Cisco's supply capacity.

Ask Fintool Equity Research AI

Answer

CEO Chuck Robbins clarified that the Saudi opportunity with the company 'Human' is not included in the $600 million of Q3 AI orders and is just beginning. Regarding the G200 silicon, he confirmed it is central to the AI systems orders and that customer demand currently exceeds Cisco's supply capacity.

Ask Fintool Equity Research AI

Answer

CEO Chuck Robbins explained that as enterprises pervasively deploy AI applications, it will drive demand for front-end cloud capacity, creating the link between the back-end and front-end opportunities. Regarding competition with NVIDIA, Robbins acknowledged the "co-opetition" but expressed confidence in Cisco's position, citing 40 years of Ethernet experience, customer demand for vendor diversity, and the competitive advantage of its own Silicon One intellectual property.

Ask Fintool Equity Research AI

Answer

EVP, CFO & Treasurer Jean Hu confirmed that both server CPU and MI GPU businesses are expected to grow sequentially in Q3, with MI being the larger driver. She also clarified that the $800 million charge was primarily for work-in-process inventory, not finished goods, so a reversal is not straightforward and shipments would take time to ramp even with a license.

Ask Fintool Equity Research AI

Answer

CFO Jean Hu confirmed that both server CPU and MI GPU businesses are expected to grow sequentially in Q3, with the MI ramp being the most significant driver. CEO Lisa Su added that they are bullish on server CPU demand. Regarding the inventory, Jean Hu clarified that the write-down was for work-in-process materials, not finished goods, so there is no immediate inventory to ship or a simple reversal of the charge upon license approval.

Ask Fintool Equity Research AI

Answer

CEO Lisa Su stated that the Data Center GPU business will grow strong double digits in 2025, with the second half being stronger than the first, catalyzed by the MI350 series production ramp being pulled forward to mid-year. For Q1, Su confirmed the Data Center segment would be down sequentially, roughly in line with the corporate average of -7%, while Client and Embedded would be down more and Gaming down less.

Ask Fintool Equity Research AI

Answer

CEO Dr. Lisa Su stated she was very pleased with the supply chain's execution, noting that while the environment remains tight, AMD has secured capacity and planned for significant growth in 2025. She clarified that the largest contributor to the Q4 sequential revenue growth is the Data Center business, followed by the Client segment, with more modest growth expected from Gaming and Embedded.

Ask Fintool Equity Research AI

Answer

Chairperson & CEO Jayshree Ullal stated they are "once bitten twice shy" and are not factoring sovereign AI into 2025 numbers after a key customer in that segment fell through. However, she expressed cautious optimism for the future, noting it could be an important segment in the coming years and that they are currently engaged with a sovereign AI neo-cloud customer for potential 2026 deployment.

Ask Fintool Equity Research AI

Answer

CEO Jayshree Ullal confirmed the increase is related to new AI platform deployments, comparing it to the 100-gig cycle in 2016. She explained that the complexity of integrating entire AI ecosystems, from switches to NICs and optics, extends the trial-to-production timeline to 12-18 months, which in turn impacts deferred revenue recognition.

Ask Fintool Equity Research AI

Answer

CEO Jayshree Ullal described projects like Stargate as a future trend (2026-2027) toward vertically integrated racks combining processors and networking for single-point control. She noted this will drive demand for higher network speeds (1.6T) and new technologies like liquid cooling, with Arista's team, including Andy Bechtolsheim, actively involved in these next-generation designs.

Ask Fintool Equity Research AI

Answer

CFO Chantelle Breithaupt confirmed that the expected margin pressure is primarily due to customer mix. She noted that they anticipate continued supply chain discipline, making mix the key variable. CEO Jayshree Ullal added that while Meta and Microsoft will likely remain 10%+ customers in 2025, it becomes harder to have customers at that concentration level as overall revenue grows, and they don't anticipate others reaching that threshold.

Ask Fintool Equity Research AI

Answer

SVP & CFO Kevan Parekh stated that foreign exchange had virtually no impact on Q3 results and is expected to be a very small tailwind in Q4. On CapEx, he confirmed that spending will continue to grow substantially, though not exponentially, driven largely by AI investments, and reminded analysts of Apple's hybrid infrastructure model.

Ask Fintool Equity Research AI

Answer

CEO Tim Cook described Apple's data center approach as a hybrid strategy, utilizing third parties while also making its own investments, and confirmed they are not gating necessary spending. He stated Apple wants to have its own foundation models but will also partner where it makes sense. Regarding the C1 modem, Cook expressed excitement about shipping the first one, highlighting the benefits of vertical integration for improving product features like battery life, and described it as the start of a journey.

Ask Fintool Equity Research AI

Answer

CFO Kris Sennesael highlighted the strong free cash flow ($675M) and confirmed the company can increase the pace of its share repurchase program over time. CEO Irving Tan addressed the second question, stating that ASP per terabyte was down low-single digits in the quarter, primarily due to product mix.

Ask Fintool Equity Research AI

Answer

CEO Irving Tan clarified that while no direct tariff impact is expected in Q4, the guidance accounts for potential demand uncertainty in the enterprise and retail segments. Interim CFO Don Bennett added that mitigation teams are in place. Regarding margins, Tan stated the 38% long-term model is a floor, and the current outperformance is driven by the high value of their technology, strong operational execution, and pricing discipline.

Ask Fintool Equity Research AI

Answer

CEO David Goeckeler declined to quantify the exact capacity reduction but detailed the drivers of the NAND gross margin decline, including a low-single-digit cost-per-bit increase, underutilization charges, and moderating ASP headwinds. He projected Q4 underutilization charges would be slightly higher. CFO Wissam Jabre added that while inventory is currently valued appropriately, any future risk depends on pricing dynamics.

Ask Fintool Equity Research AI

Answer

CFO Wissam Jabre quantified the dissynergies in the Q2 guidance at $25 million to $35 million, included within the operating expense forecast, and noted the steady-state dissynergy run-rate is expected to be around $40 million per quarter, split between the two businesses. CEO David Goeckeler added that HDD capacity decisions depend on gaining long-term demand conviction from customers over the next year, as it takes a year to build a drive from a wafer start.

Ask Fintool Equity Research AI

Answer

CEO Dave Mosley attributed the higher CapEx to replacing older equipment and investing in future 4TB and 5TB per platter platforms. CFO Gianluca Romano confirmed that with debt at its target level and strong free cash flow, the company will resume share buybacks, with the majority of free cash flow being returned to shareholders via dividends and repurchases.

Ask Fintool Equity Research AI

Answer

CFO Gianluca Romano confirmed that increased HAMR volume is a key reason for confidence in March's gross margin improvement, as it is a good contributor to profitability. CEO Dave Mosley added that he is happy with the current margin structure and that the ultimate potential depends on the demand picture, but the strategy of transitioning to higher capacities is working.

Ask Fintool Equity Research AI

Answer

CFO Gianluca Romano explained that the recent OpEx increase was due to higher variable compensation, not headcount, and expects OpEx to remain relatively flat around the $280M-$285M range for the rest of the fiscal year. Regarding capital allocation, he confirmed the upcoming debt maturity will be paid with cash on hand. The priority is the recently increased dividend, followed by further debt reduction, with share buybacks being considered 'a little bit further in time.'

Ask Fintool Equity Research AI

Answer

CFO Jen DiRico stated that Satori's revenue contribution is immaterial and not factored into the guidance uplift. She noted that cross-selling is in its "early innings" but showing strong progress, with a 45% increase in customers using two or more products. DiRico highlighted that the cross-sell portion of SaaS net dollar retention increased from one-third to 40% this quarter, and security SKUs contributed 20% of net new ARR.

Ask Fintool Equity Research AI

Answer

CFO Jennifer DiRico stated that while specific Clumio revenue will not be broken out going forward due to its integration, it accounts for about 100 basis points of the total revenue guidance for FY26. CEO Sanjay Mirchandani highlighted Clumio's unique capabilities for large AWS datasets. Regarding multi-product adoption, DiRico noted that while the 30% figure is consistent, the absolute number of customers is materially up, and the goal is to eventually have customers adopt 2, 3, or 4 products, similar to industry peers.

Ask Fintool Equity Research AI

Answer

CFO Jennifer DiRico clarified that of the 1,000 new subscription customers, approximately 200 were from the Clumio acquisition, with the rest being organic growth. She noted that about 30% of customers use two or more SaaS products. CEO Sanjay Mirchandani explained that new partnership revenue takes time to ramp as it aligns with customer buying cycles, though some offerings see quicker adoption. He emphasized that Commvault's key differentiator is its ability to provide comprehensive resilience at scale for hybrid multi-cloud enterprises, a capability he believes competitors lack.

Ask Fintool Equity Research AI

Answer

CFO Jen DiRico explained that the strong SaaS momentum is driven by a 127% net dollar retention rate, composed of one-third cross-sell and two-thirds upsell, with particular traction in Cyber Resilience products. CEO Sanjay Mirchandani added that the Dell partnership is a work-in-progress and a long-term strategy for displacing incumbents, but declined to quantify its near-term contribution.

Ask Fintool Equity Research AI

Answer

CEO Luc Seraphin confirmed that RCDs remain strong, with market share slightly above 40% and expected to grow. He noted that new chips, including PMICs, made a low single-digit contribution to Q2 product revenue, projected to grow to mid-to-upper single digits in Q3. Seraphin also affirmed that the transition from 12 to 16 memory channels on upcoming platforms from Intel, AMD, and ARM will drive further demand for DDR5 products.

Ask Fintool Equity Research AI

Answer

CEO Luc Seraphin stated that while there is no direct tariff impact, the company is monitoring indirect effects but has not seen customer inventory pull-ins. He confirmed that product revenue is still dominated by DDR5 RCDs, with companion chips like PMICs contributing in the low-single digits but expected to grow. He projected that MRDIMM revenue would begin to ramp in the second half of 2026, aligned with future computing platforms.

Ask Fintool Equity Research AI

Answer

CFO Desmond Lynch affirmed that the company expects to maintain its long-term product gross margin target of 60% to 65%, even with the new product mix. CEO Luc Seraphin stated that interest in MRDIMM remains very high for AI servers, with the market ramp still timed for the 'Diamond Rapids' platform in the second half of 2026.

Ask Fintool Equity Research AI

Answer

CEO Lip-Bu Tan confirmed the importance of the server roadmap, including Clearwater Forest and Diamond Rapids, with a timeframe of plus or minus six months, and noted he is making leadership changes to make the data center business competitive again. CFO David Zinsner confirmed that the previously communicated financial impact of fab start-up costs (around $1.3-1.5 billion next year) remains roughly correct and will be higher in 2027-2028 as fabs hit normalized run rates.

Ask Fintool Equity Research AI

Answer

CEO Lip-Bu Tan indicated that Diamond Rapids is a key part of the roadmap around 2026, which is being fine-tuned with customer validation to regain competitiveness. CFO David Zinsner confirmed that prior guidance on fab start-up costs, including a headwind of $1.3-$1.5 billion next year, remains the correct forecast.

Ask Fintool Equity Research AI

Answer

CFO David Zinsner clarified that the $16B OpEx target for 2026 currently includes Altera's spending; the target will be reduced by Altera's OpEx amount upon deconsolidation. CEO Lip-Bu Tan and Executive Michelle C. Holthaus outlined a rack-scale strategy leveraging XPUs, with Holthaus highlighting strong growth in IPU revenue and the unique advantage of Intel's optics-based foundry capabilities.

Ask Fintool Equity Research AI

Answer

CFO and Interim Co-CEO David Zinsner explained that the move to 18A EUV wafers provides a dramatic margin improvement, with the price increasing 3x relative to the cost increase versus pre-EUV nodes. He expects a meaningful jump in EUV mix by the end of 2025. He also confirmed that the non-controlling interest (NCI) is deducted to calculate non-GAAP EPS.

Ask Fintool Equity Research AI

Answer

CEO Pat Gelsinger stated that external foundry revenue is currently a modest portion of the total but is growing, with the advanced packaging business turning profitable in Q3. The long-term goal is over $15 billion by the end of the decade. Regarding server share, Gelsinger said the strategy is to first stabilize and then regain share by leveraging the strength of Xeon in AI head nodes, delivering a competitive roadmap with Granite Rapids and Clearwater Forest, and capitalizing on the market's shift toward more CPU-centric inference workloads.

Ask Fintool Equity Research AI

Answer

EVP & CFO Mark Murphy explained that underutilization costs are now absorbed into inventory due to structurally lower NAND capacity, while fab startup costs will increase modestly through 2026 but are offset by a higher revenue outlook. EVP and Chief Business Officer Sumit Sadana highlighted Micron's sole-source position in data center LPDDR and expects broader adoption as customers focus on power efficiency.

Ask Fintool Equity Research AI

Answer

Executive VP & CFO Mark Murphy explained that underutilization costs are now absorbed into inventory and that while startup costs for new fabs will increase into 2026, the impact is lessened by a stronger revenue outlook. EVP and Chief Business Officer Sumit Sadana added that interest in LPDRAM in the data center remains high due to power consumption concerns, and Micron expects penetration to grow as it engages with multiple customers.

Ask Fintool Equity Research AI

Answer

CFO Mark Murphy confirmed that the projection for flat all-in DRAM costs for the year does include HBM. Chief Business Officer Sumit Sadana stated that while he couldn't comment on specific ASPs, Micron has a significant lead in LPDRAM for the data center and will be the first to have volume production of SOCAMM, developed in partnership with NVIDIA. He highlighted that high-capacity DIMMs plus LPDRAM crossed the $1 billion quarterly revenue milestone.

Ask Fintool Equity Research AI

Answer

CEO Hock Tan described the policy as returning approximately 50% of the prior year's free cash flow as dividends. He stated the top priority for remaining cash is paying down debt to reach a leverage ratio below 2x Debt-to-EBITDA, though opportunistic share buybacks may occur. He noted that reducing debt also strategically preserves and expands borrowing capacity for potential future large-scale M&A.

Ask Fintool Equity Research AI

Answer

CEO Hock Tan outlined a clear capital allocation framework. The first priority is the dividend, set at 50% of the prior year's free cash flow. The next priority is using remaining cash flow to pay down debt towards a target of under 2x debt-to-EBITDA. He noted that share buybacks, like the $4.2B in Q2, are done opportunistically. Deleveraging also preserves borrowing capacity for potential future large-scale M&A.

Ask Fintool Equity Research AI

Answer

President and CEO Hock Tan stated that Broadcom is not directly participating in NVIDIA's product roadmap. However, he acknowledged that Broadcom's base technologies, such as optical components and DSPs, are foundational and could be used to enable the Blackwell ecosystem, and they are happy to be part of that ecosystem.

Ask Fintool Equity Research AI

Answer

CEO Antonio Neri explained that HPE is focused on all market segments but participates with discipline, prioritizing gross margin accretion and working capital management. He suggested that HPE chose not to participate in a couple of very large, low-margin opportunities. He reiterated that HPE is "all in" on the enterprise and sovereign AI markets and will be selective in the service provider space to sustain its target 10% operating margin.

Ask Fintool Equity Research AI

Answer

CEO Antonio Neri explained that the AI market consists of three segments with different margin profiles: time-to-market-focused service providers, sovereign nations, and enterprise customers using older tech. He noted that higher-than-normal AI inventory of prior-generation GPUs will take longer to sell to enterprise clients, creating a working capital pressure that compounded the Q1 margin issue, rather than it being an issue with AI deal pricing itself.

Ask Fintool Equity Research AI

Answer

President and CEO Antonio Neri stated that service providers and model builders are leading the adoption of Blackwell technology. He confirmed HPE will be shipping these systems in volume in 2025, with growth expected to begin in the first half of the calendar year. He differentiated this from the enterprise segment, which he believes will adopt N-1 or N-2 generation technology like the H100, prioritizing simplicity and time-to-value over having the absolute latest GPU.

Ask Fintool Equity Research AI

Answer

CEO Amnon Shashua confirmed the opportunities are largely still active, with some expanding in scope and a growing interest in Level 3. He clarified that the consumer vehicle ASP chart (projected to grow from $55 to $200+) is entirely separate from the robotaxi business, which represents pure upside with a five-figure upfront cost and a different revenue model.

Ask Fintool Equity Research AI

Answer

Matthew Murphy, Chairman and CEO, confirmed the engagement with the fourth hyperscaler is the publicly announced custom NIC. Regarding HBM, he described it as a critical IP for next-generation accelerators, highlighting benefits such as die area reduction and improved throughput. He noted strong engagement with both memory partners and hyperscale customers on this front.

Ask Fintool Equity Research AI

Answer

CEO Matt Murphy stated that Marvell is well-positioned for the 51.2T cycle and is starting production with a lead customer this year. He noted strong interest in their current products and future roadmap. While acknowledging Marvell is a smaller player today, he sees the switching platform as highly strategic and complementary to their leadership in interconnect and custom silicon, but declined to size the opportunity yet.

Ask Fintool Equity Research AI

Answer

CEO George Kurian explained that several large deals slipped in the final weeks of the quarter due to extended procurement cycles. He stated that NetApp has instituted a higher level of scrutiny on deal progression and closing plans, noting that many of the slipped deals have already closed in Q4. Kurian expects this enhanced discipline to become part of the normal course of business going forward.

Ask Fintool Equity Research AI

Answer

CFO Mike Berry clarified that first-party and marketplace services were a little less than half of cloud revenue at the recent Analyst Day, and that a separate 80% figure referred to the broader category of consumption revenue. He reiterated confidence in the growth outlook as the business mix continues to shift toward these high-growth services.

Ask Fintool Equity Research AI

Answer

COO and Vice Chairman Jeffrey Clarke confirmed that Blackwell margins are currently lower than Hopper's due to the large, competitive nature of early deals. He outlined margin improvement levers including value-add from system design and engineering, supply chain scale, attaching networking and storage, and providing services like installation and deployment. He reiterated that AI servers are margin rate-dilutive but dollar-accretive, and noted that enterprise AI margins are better than those for large clusters.

Ask Fintool Equity Research AI

Answer

Executive Jeffrey Clarke revealed a significant and rapid shift in Q3 orders toward the Blackwell GB200 design, which now represents a large part of the backlog. He confirmed that Dell was the first to ship a GB200 design, the product is currently in production, and it will continue to ramp.

Ask Fintool Equity Research AI

Answer

COO Jeffrey Clarke described strong momentum, with five consecutive quarters of sequential growth. He identified three key drivers: 1) an aging installed base after a long digestion period; 2) customers consolidating older servers to create space and power for new AI infrastructure; and 3) workload repatriation from public cloud back to on-premise servers.

Ask Fintool Equity Research AI

Answer

CEO Charles Giancarlo and CTO Rob Lee confirmed the initial hyperscaler engagement is progressing as expected through advanced testing and implementation planning. They also noted that conversations with other hyperscalers have accelerated and are moving forward at a faster pace.

Ask Fintool Equity Research AI

Answer

CEO Charles Giancarlo confirmed it is a licensing model for both the software and the hardware design, with the customer purchasing hardware directly from their integrator. He stated that while Pure proved its value at the hard disk price-performance level, the expectation is that the customer will use this consistent architecture across the vast majority of their storage needs, including higher-performance tiers currently using SSDs.

Ask Fintool Equity Research AI

Answer

CEO Charles Giancarlo stated there is no single large hurdle, but rather many small ones related to aligning business models, logistics, and pricing. CTO Rob Lee added that the engagement has progressed well, moving from initial proof-of-concept to extensive testing of a co-engineered solution, alongside detailed contractual negotiations.

Ask Fintool Equity Research AI

Answer

President and CEO Jensen Huang downplayed the idea of a near-term replacement cycle, explaining that older architectures like Ampere and even Pascal remain highly utilized. Due to CUDA's programmability, the installed base can be repurposed for less compute-intensive but critical tasks like data processing and curation. This work creates the training data that is then fed to the newer, more powerful Hopper and Blackwell systems, ensuring the entire infrastructure stack remains productive and well-employed.

Ask Fintool Equity Research AI

Answer

CFO Colette Kress attributed the sequential dip in Networking revenue to timing but emphasized the 'tremendous' year-over-year growth. She stated that demand is strong and growing, and the business will be 'right back up in terms of growing' in Q4. Kress highlighted that networking is a critical and growing component of their data center system sales, especially as they prepare for the Blackwell ramp.

Ask Fintool Equity Research AI

Answer

President and CEO Jensen Huang clarified that while NVIDIA architects the entire rack, it sells disaggregated system components. He explained that partners (ODMs/OEMs) perform the final integration because each data center has unique power, cooling, and configuration requirements. This model leverages the partners' value-add in design-in, installation, and logistics, allowing NVIDIA to focus on being a technology provider rather than a system integrator.

Ask Fintool Equity Research AI

Answer

CEO Charles Liang clarified that for the GB200 NVL72, Super Micro's position is similar to competitors: the solution is ready, and they can ship once they receive support and allocation from NVIDIA. He noted strong demand for their B200 platforms, especially the 4U DLC model, which they are ready to ship now. CFO David Weigand explained the Q2 margin decline was due to customer/product mix with more end-of-life products and higher R&D spending on advanced chips. Liang estimated that higher utilization could impact margins by '20, 30 point' (likely basis points), while Weigand reiterated a prior estimate of 1-2 points of savings from manufacturing in Asia.

Ask Fintool Equity Research AI

Answer

CEO Charles Liang attributed the revenue gap primarily to customers awaiting new chips, with a possible minor impact from the 10-K filing delay. He expects the current $5 billion inventory level to be maintained to support future growth. CFO David Weigand stated there was no new update on the timeline for appointing an auditor but affirmed they are working diligently on it.

Ask Fintool Equity Research AI

Answer

CEO Enrique Lores confirmed that HP uses extensive analytics, shared with Microsoft, to assess the refresh opportunity. CFO Karen Parkhill and CEO Enrique Lores clarified that an ASP benefit is indeed expected in FY25, driven by a richer mix of premium and AI PCs, and that this is factored into the overall revenue guidance where revenue growth is expected to outpace unit growth.

Ask Fintool Equity Research AI

Answer

CEO Rajiv Ramaswami positioned GPT-in-a-Box as focused on cost-effective AI inferencing on smaller enterprise clusters, distinguishing it from massive training clusters, and noted they partner with NVIDIA. Regarding partnerships, he said Cisco has been a good contributor to new logos and it's still early for the Dell relationship. He emphasized that storage refresh cycles, more so than server refreshes, create key insertion opportunities.

Ask Fintool Equity Research AI