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2024 THIRD QUARTER OUTLOOK
RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN (Unaudited) | ||||||||
| Three Months Ending | ||||||||
| September 30, 2024 | ||||||||
| Low | High | |||||||
| Gross margin | 55.2 | % | 55.8 | % | ||||
| Adjustment to reconcile gross margin to non-GAAP gross margin: | ||||||||
| Stock-based compensation and other expenses | 0.3 | % | 0.3 | % | ||||
| Non-GAAP gross margin | 55.5 | % | 56.1 | % | ||||
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RECONCILIATION OF OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES
(Unaudited, in thousands) | ||||||||
| Three Months Ending | ||||||||
| September 30, 2024 | ||||||||
| Low | High | |||||||
| Operating expenses | $ | 160,100 | $ | 164,100 | ||||
| Adjustments to reconcile operating expenses to non-GAAP operating expenses: | ||||||||
| Stock-based compensation and other expenses | (41,800 | ) | (43,800 | ) | ||||
| Non-GAAP operating expenses | $ | 118,300 | $ | 120,300 | ||||
