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Why was cost of revenue way up?
These decreases were primarily due to a $1.34 billion charge in the second quarter of fiscal year 2023, comprised of $1.22 billion for inventory and related reserves, primarily relating to Data Center and Gaming, and $122 million for warranty reserves
10-Q
2023 Q2
3 Dec 22
why did change in inventories increase a lot?
These charges incurred in the quarter reflect purchase commitments that we made during the time of severe component shortages and our current expectation of ongoing macro uncertainty. We believe our long-term gross margin profile is intact
10-Q
2023 Q2
3 Dec 22
why so much prepaid expenses?
These charges incurred in the quarter reflect purchase commitments that we made during the time of severe component shortages and our current expectation of ongoing macro uncertainty. We believe our long-term gross margin profile is intact
10-Q
2023 Q2
3 Dec 22
Why was cost of revenue way up?
During the second quarter of fiscal year 2023, we recorded an inventory reserve expense of approximately $570 million in cost of revenue.
10-Q
2023 Q2
3 Dec 22
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