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  "notes": "The slide uses a bar chart to visualize gross margin trends across three periods (2Q 20, 2Q 21, 2Q 22).",
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      "text": "The need for spot buys given component shortages, higher shipping and logistics costs, FX and product mix\nPartially offset by higher selling prices following September 2021 price increase\nGross Margin declined 300 bps QoQ given the supply chain challenges\nFY'22 Guidance of 45.5%-46% still within our long-term gross margin targets",
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      "text": "Gross margin declined -500 bps YoY driven by:",
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      "text": "Note: Unaudited. See appendix for reconciliation of GAAP to non-GAAP measures. Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely.",
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      "text": "Increased supply chain costs",
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