Part Number: DP83TG720R-Q1
Hi,
We ran the IBIS model for simulation with the below model:

The result shows DP83TG720R seems to be only driving out 2.5V even with 3.3V IO.

Is the IBIS model valid for the 3.3V IO?
The IBIS model: https://www.ti.com/lit/zip/snlm243
Regards,
Teoh