Question · Q2 2025
Asked about the potential long-term revenue size of the large turbo business for data centers and pressed for more details on the non-linear nature of stock repurchases, questioning the lower buyback amount in a strong cash flow quarter.
Answer
The large turbo business for applications like data centers is expected to grow into the hundreds of millions of dollars in revenue within the next 3-5 years, but reaching 10% of total company revenue is unlikely. Regarding stock repurchases, the company reiterated that the activity is not linear and that it maintains flexibility and 'dry powder' for opportunities like block trades, while remaining committed to its overall capital return framework.