The Company’s guidance, at the mid-point, for the 2023 second quarter is: Net revenues are expected to be $4.28 billion vs. consensus of $4.25B, an increase of 0.8% sequentially, plus or minus 350 basis points.
Gross margin of 49.0%, plus or minus 200 basis points.
“We will now drive the Company based on a plan for FY23 revenues in the range of $17.0 billion to $17.8 billion ($17.06B consensus).”