Latest news with #Chipmaker
Reuters
5 days ago
- Business
- Reuters
Micron Technology raises fourth-quarter results forecast
Aug 11 (Reuters) - Memory chipmaker Micron Technology (MU.O), opens new tab on Monday raised its forecast for fourth-quarter revenue and adjusted profit. The company now expects revenue of $11.2 billion, plus or minus $100 million, compared with its previous forecast of $10.7 billion, plus or minus $300 million. It expects adjusted earnings per share of $2.85, plus or minus 7 cents, compared with its earlier expectation of $2.50, plus or minus 15 cents.
Yahoo
07-08-2025
- Business
- Yahoo
Microchip Tech beats Q1 net sales, profit estimates
(Reuters) -Chipmaker Microchip Technology beat analysts' estimates for first-quarter net sales and profit on Thursday, helped by customers clearing excess inventory. However, shares of the company fell 6% in extended trading after it forecast current quarter net sales between $1.11 billion and $1.15 billion, in-line with analysts' average estimate of $1.13 billion, according to data compiled by LSEG. PC and smartphone makers accelerated shipments in the first half of the year amid widespread macroeconomic uncertainty spurred by U.S. President Donald Trump's global tariffs. This helped demand for Microchip's products in the period, but future growth for the semiconductor industry in the PC market is uncertain amid ongoing trade negotiations. Shipments of PCs rose 6.5% in the June quarter, according to data from International Data Corporation. Microchip reduced overall inventory dollars by $124.4 million in the June quarter, helped by improvements in its manufacturing, allowing for more operational flexibility as demand conditions improved, CEO Steve Sanghi said. It forecast adjusted net earnings per share of 30 cents to 36 cents for the second quarter, which was above estimates of 31 cents at the mid-point. The Chandler, Arizona-based company posted net sales of $1.08 billion for the quarter, beating estimates of $1.05 billion. Excluding items, first-quarter profit per share came in at 27 cents, compared with estimates of 24 cents. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-07-2025
- Business
- Yahoo
NXP second-quarter revenue falls 6%
(Reuters) -Chipmaker NXP Semiconductors posted a 6% drop in second-quarter revenue on Monday, led by weakness in communications and infrastructure segment amid broader market softness. NXP's revenue for the second quarter fell 6.4% to $2.93 billion, although it still narrowly beat analyst expectations of $2.90 billion, according to data compiled by LSEG. NXP's chips are used for high-speed digital processing utilized in sectors such as automotive, manufacturing, telecommunications and the Internet of Things (IoT). The shares of the company fell 5% in trading after the bell. Revenue from its communication and infrastructure segment fell 27% to $320 million in the quarter. Industrial and IoT revenue fell 11%, while the automotive segment was flat. For the third quarter, the company expects revenue to be between $3.05 billion and $3.25 billion, the midpoint of which is above analysts' estimates of $3.07 billion. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
21-07-2025
- Business
- Reuters
NXP second-quarter revenue falls 6%
July 21 (Reuters) - Chipmaker NXP Semiconductors (NXPI.O), opens new tab posted a 6% drop in second-quarter revenue on Monday, led by weakness in communications and infrastructure segment amid broader market softness. NXP's revenue for the second quarter fell 6.4% to $2.93 billion, although it still narrowly beat analyst expectations of $2.90 billion, according to data compiled by LSEG. NXP's chips are used for high-speed digital processing utilized in sectors such as automotive, manufacturing, telecommunications and the Internet of Things (IoT). The shares of the company fell 5% in trading after the bell. Revenue from its communication and infrastructure segment fell 27% to $320 million in the quarter. Industrial and IoT revenue fell 11%, while the automotive segment was flat. For the third quarter, the company expects revenue to be between $3.05 billion and $3.25 billion, the midpoint of which is above analysts' estimates of $3.07 billion.
Yahoo
21-07-2025
- Business
- Yahoo
NXP second-quarter revenue falls 6%
(Reuters) -Chipmaker NXP Semiconductors posted a 6% drop in second-quarter revenue on Monday, led by weakness in communications and infrastructure segment amid broader market softness. NXP's revenue for the second quarter fell 6.4% to $2.93 billion, although it still narrowly beat analyst expectations of $2.90 billion, according to data compiled by LSEG. NXP's chips are used for high-speed digital processing utilized in sectors such as automotive, manufacturing, telecommunications and the Internet of Things (IoT). The shares of the company fell 5% in trading after the bell. Revenue from its communication and infrastructure segment fell 27% to $320 million in the quarter. Industrial and IoT revenue fell 11%, while the automotive segment was flat. For the third quarter, the company expects revenue to be between $3.05 billion and $3.25 billion, the midpoint of which is above analysts' estimates of $3.07 billion. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
