Concern about memory chip prices impact across business divisions and timing of impact
Annabelle Droulers
Winston Cheng
We have significant experience navigating supply/demand dynamics and have achieved record market share gains despite market concerns
What financial assumptions are you making going into next year on memory chip costs?
David Ingles
Winston Cheng
Market worried about costs and margins, but those with supply will have market position and margin opportunities
What does stockpiling look like in terms of weeks or months of inventory?
Annabelle Droulers
Winston Cheng
We're probably over 50% of our usual levels in terms of weeks of inventory for critical components
What pricing advantage do you expect and where do you think prices will trend?
Annabelle Droulers
Winston Cheng
Prices going very high, unprecedented rate driven by AI demand, likely a longer trend
Are you raising prices or not raising prices on the back of those costs?
David Ingles
Winston Cheng
Adjusting based on channel inventory levels, trying to maintain prices through holiday season
Going into 2026, are you planning price hikes?
Annabelle Droulers
Winston Cheng
Given prices going significantly higher, will have to strike balance between price and availability going forward
How does PC demand look currently and for next quarter?
David Ingles
Winston Cheng
Very strong double-digit growth, December quarter expected to continue very strong
What about the AI bubble conversation and trajectory over coming months?
Annabelle Droulers
Winston Cheng
End demand very solid, server market grown several times in last 10 years, top hyperscalers spending backed by fundamental demands