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IDT 3Q17 results -2

16:54 30-Jan-17


Guidance:

This is due to push-out from a mobile customer, but management says it's just a delay and the account remains secure.  It was noted that this is a seasonally weak quarter for mobile, which management says explains the consumer segment being down 1%.

Automotive grew increase overall percentage of revenue to 10%, and should continue growing.

Computing dropped by 2%, but management is upbeat about already entering customer design cycles for enterprise cloud storage memory, but quantified growth projections for the short term are just single-digit percentages.

The Communications segment remains a bit of concern, as evidenced by analyst questions, but management maintains seasonality there as well.

Shares are down a few percent in AH trading, after a brief bump up from the EPS release.  The business is well understood by institutional types, and I still don't see any new opportunity here so far.  The conference call is ongoing, but I will only report again if something unusual comes up in the Q&A.

On 01/30/2017 04:12 PM, Esekla wrote:

Integrated Device technology has reported financial results for its fiscal third quarter of 2017:

  • EPS of 35 cents, beats by a penny
  • on revenue of $176.4M, which is essentially in-line with $176M expected
More once I've listened to the conference call...