Custom-ASIC mix lowmedhigh
Revenue-leverage offset lowmedhigh
The margin bridge: custom-ASIC mix vs revenue leverage Custom-ASIC ramp adds data-center revenue but at lower gross margin; the revenue-leverage offset decides whether operating margin lifts and the quality gap with Broadcom narrows or widens. custom-ASIC ramp accelerates data-center revenue — at a margin cost custom-ASIC ramp lower margin · adds revenue electro-optics AI networking · higher margin reported gross margin mix can compress margin dilution revenue leverage operating margin the number to watch quality gap widens quality gap narrows leverage offsets dilution