“The following table sets forth, for the periods presented, summary information regarding our disaggregated revenue: Three Months Ended October 3, 2025 September 27, 2024 (in millions) Revenue by end market: Datacenter $ 269 $ 300 Edge 1,387 1,069 Consumer 652 514 Total revenue $ 2,308 $ 1,883 Revenue by geography: Asia $ 1,515 $ 1,150 Americas 406 443 Europe, Middle East and Africa 387 290 Total revenue $ 2,308 $ 1,883 35 Table of Contents Net Revenue Net revenue increased 23% in the three months ended October 3, 2025 from the comparable period in the prior year, primarily due to a 31% increase in exabytes sold due to stronger demand in our data storage products, partially offset by a 9% decrease in average selling prices (“ASP”) per gigabyte.”
“Seasonality Historically, we have experienced seasonal fluctuations in our business with higher levels of demand in the first and second fiscal quarters as a result of increased customer spending.”
“42 Table of Contents Interest and Other Income (Expense), net Interest and other income (expense), net decreased $16 million in the three months ended April 3, 2026 from the comparable period in the prior year, primarily due a decrease in interest expense from our Term Loan Facility, and the impairment of an investment, partially offset by an increase in interest income related to cash and investment accounts.”