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per diluted $X.XX Our our million non-GAAP XX.X range. the share net top end guidance of of or loss was
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we materials, to will quarter, year. during which continue the remainder expect flow saw the for we the better Moving of fiscal order
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device margin sub-optimal factory a footprint have is improve nature North in modestly gross as through forward and impact to As work could previously we and improve the yields. in discussed, short-term we production expected Carolina going transitions we knew do
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disclosures update our quarter. as continue appropriate highlight will and pure-play we a I'd global this things our few we As necessary. semiconductor transition A like to from Company,
primarily throughout the of approximately the Mohawk and Valley, fiscal to this start-up QX year. at ramp we million remainder costs, related First, incurred the was X.X to in we expect incurred ramp
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more are to the see in investment million the year, XQ Valley a anticipating construction. We'll continuing the reimbursements for Mohawk year we the start as half expenditures approximately of We for of modest capital step-down net QX period. and throughout with representing the second peak XXX beginning receive
that of many to Carbide we are the continue on expenditures year can track and that customers operationalize we're with our comes to Carbide, We assurance ramps pull meeting remain focused Silicon We given steeper support first expecting. better Silicon fiscal We of on XXXX calendar to we're at demand committed largest when supply, to of XXXX. year it now world's half know the the capacity the demand in curves. fab to steepening where
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all to expect power driven We by our lines, of be strength by revenue across devices. but product
increase XX.X%, versus be is QX in the range gross is margin Our of which to XQ. an non-GAAP XX.X% to expected
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As the we in drive new XXXX revenue growth transition beyond. to into XXXX factory and qualify and that footprint and
see XX% the than from XXX Durham, from processing will change advanced lower of for fully increasing than Valley be fab. millimeter. more and production benefits diameter benefit We Wafer XXX costs our millimeter expected from are the XXX to not including Mohawk the millimeter
to better Valley than Mohawk XX than in points XX more expect we and be Mohawk times XX% Valley higher to addition, cycle In in be than projections, a to Durham, where lines we to in to yields today. heavy improvement Valley already anticipate Durham We're we pilot move good margin from our new fab. seeing in evidence as are our these Mohawk support and
are second non-GAAP XX We million quarter. of for targeting operating the expense
resources. continue between net each quarter to in R&D XX marketing and continue expenses non-GAAP to and our We XX excrete and loss be million to operating be to to operating loss sales target QX expect investment modestly we We non-operating immaterial. as million
non-GAAP our be rate expect XX%. effective We approximately to tax
to EPS for to approximately previously $X.XX of a estimate targeting share. $X.XX per of for useful or lives. XX diluted the $X.XX mentioned be outlook change to net XX benefit between non-GAAP are in QX The million We million loss XQ of loss includes
convertible EPS items. and acquired compensation, amortization, a non-GAAP costs, intangibles non-cash target costs stock-based start-up on and note, restructuring, excludes factory accretion transformation project and other optimization, transaction Our
based environment. product Overall mix, could that, will With greatly, back factors turn Our the with QX on to factory targets situation that several the now discussion vary I the competitive are and Gregg. COVID-XX. productivity, including demand
