Guidance: Marc D. Graff: In Q4 26, we expect to deliver of $1.75 billion plus or minus $50 million, raising the full year midpoint to $6.42 billion, up $120 million from last quarter.
Demand and orders: Marc D. Graff: We had 2 customers that each contributed more than 10% of revenue, And lastly, we exited Q3 with an $800 million increase in backlog, to $8.5 billion Orders continue to accelerate as Gary noted, 1 month into the quarter, we have booked nearly as much demand as all of Q3, and expect to end the year with more than $10 billion in backlog.
Margins: Marc D. Graff: As I noted earlier, adjusted gross margin was 46.4%, exceeding the top end of our guidance by 90 basis points and up 450 basis points year on year.
Analyst Q&A
Analyst George Notter asked: I guess I and congrats on the on the terrific results here. I guess I wanted to start just by you mentioned value exchange on the call. You know, certainly, I think you mentioned prices as well as alignment of demand terms and conditions. Could you just talk a little bit more about what is going on there? Management Marc D. Graff answered: You know, I will I will take it kind of in 2 parts. On the pricing piece, we have had conversations with you know, customers across different product lines. And, you know, we have gotten to a space where we would expect, depending on the and the product line, anywhere between call it high single digits types of price increases to something in the range of high teens, low twenties type of price increases. And what is remarkable, and I think you will appreciate this, George, is, you know, some of that will selectively hit backlog.
