March quarter: $1.214 billion, up 39% year over year, 7% sequential — net income $135 million, highest on record. Optical $889 million, telecom $628 million record, data center interconnect up 90% to $197 million. Non-optical $326 million on high-performance compute. Gross margin 12.1%, up 10 bps year over year, down 30 sequential on FX; operating margin 10.7% as opex fell to 1.4% of revenue. Guidance $1.25 to $1.29 billion, call it 40% at midpoint, margin dynamics similar. We build to our customers' roadmaps; the rest is puts and takes.
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