Net revenues were $1,086.3 million, a decrease of 1% year-over-year, and an increase of 9% sequentially.

GAAP operating margin was 8.3%, an increase from 7.5% in the second quarter of 2019, and an increase from 3.9% in the first quarter of 2020.

Non-GAAP operating margin was 14.3%, a decrease from 15.9% in the second quarter of 2019, and an increase from 10.2% in the first quarter of 2020.

GAAP net income was $61.2 million, an increase of 32% year-over-year, and an increase of 200% sequentially, resulting in diluted earnings per share of $0.18.

Non-GAAP net income was $116.3 million, a decrease of 17% year-over-year, and an increase of 51% sequentially, resulting in non-GAAP diluted earnings per share of $0.35.

Revenue will be approximately $1,125 million, plus or minus $50 million.

Non-GAAP gross margin will be approximately 59.5%, plus or minus 1.0%.

Non-GAAP operating expenses will be approximately $478 million, plus or minus $5 million.

Non-GAAP operating margin will be approximately 17% at the mid-point of revenue guidance.

Non-GAAP tax rate will be approximately 19.5%.

Non-GAAP net income per share will be approximately $0.43, plus or minus $0.05. This assumes a share count of approximately 334 million.