Look, Q1 revenue ~$1.51B — up 5% YoY, down 1% sequentially. Utilization to 77% on stronger demand signals, non-GAAP gross margin expanded third straight quarter to 38.5%. CFO ties improvement to structural manufacturing changes over prior years. Guiding sequential margin expansion through the year — call it a target, not a result. Next quarter revenue $1.535–1.635B, capex $25–35M. Also exiting ~$50M non-core revenue this quarter, $30–40M more next. Framing: moving off cycle bottom onto recovery path — expectation, not certainty. We'll see how it plays out.