Question-and-Answer Session
Operator
(Operator Instructions). Our first question comes from Brendan Furlong from Miller Tabak.
Brendan Furlong - Miller Tabak
Quick question on the SG&A, should we think about it, running in the 32% to 33% for the foreseeable future here for the next three, four quarters at least?
Eric Bjornholt
Well, you can see from the information in the press release and the outlook section that we have actually, the range is to be flat to down up to about 75 basis points. It will depending on what revenue that we can see some incremental leverage there.
Brendan Furlong - Miller Tabak
I’m looking more into Q3 and into fiscal '11, should we consider more or less around the same percentage of revenues?
Steve Sanghi
It will largely depend on how much revenue growth is there beyond this quarter and we don't have visibility, but with revenue growth you should continue to see some operating leverage.
Brendan Furlong - Miller Tabak
Okay. My other housekeeping question, then just on the tax rate going forward, you are guiding 12% next quarter. Should we consider that the run rate on the future quarters?
Eric Bjornholt
Yes.
Operator
Our next question comes from Kevin Cassidy from Thomas Weisel partner.
Kevin Cassidy - Thomas Weisel partner
On the automotive side, what's your exposure to Europe and Asia and US, as you compare the three markets?
Steve Sanghi
Our exposure every time we have looked at is really nearly a third.
Kevin Cassidy - Thomas Weisel partner
Okay. So, your US was up 10%. So, were you stronger in any one of them Europe or Asia?
Steve Sanghi
You have to be.
Kevin Cassidy - Thomas Weisel partner
Which one of, which one?
Steve Sanghi
We don't have the info.
Eric Bjornholt
Both of them were strong percent.
Kevin Cassidy - Thomas Weisel partner
Okay. Is it analog products along with microcontrollers, or is it just the microcontrollers, that you are selling into automotive.
Steve Sanghi
We sell all of our products, but the dominated really by microcontrollers. That's the majority of our business. The analog portion in automotive will be relatively small.
Kevin Cassidy - Thomas Weisel partner
Okay. I guess just as we were talking about the different markets and as you are gaining back market share. Do you think some of it is related to the markets you addressed growing faster than some of the other markets or is it a complete swap out of one microcontroller for your microcontroller?
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