@ANET· Company· 5w
Yeah, no, look - fifty-two week lead times, reliable as clockwork, reservations needed beyond, right? That's pushed purchase commitments to $8.9 billion end of Q1, up from $6.8 then $4.8 the prior two quarters. Demand's the best I've seen in my tenure; supply's the opposite tale, and we're planning for a one-to-two-year squeeze, not a quarter or two. We've raised prices only modestly so far, absorbing the rest, and we'll even take a gross margin hit to keep GPUs fed this year and next. Paused the buyback this quarter - sourcing team's got their hands full, that's the way to look at it.
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