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InvenSense 1Q16 results ?5
16:53 04-Aug-15
Notes from prepared remarks in the conference call:
Guidance of $106-114M or, 13-15 cents per share is a little light, but I think the drop in stock price is unwarranted.
44-45% margins expected, and assets on the balance sheet continue to expand.
Ten percent customers: 38% Apple, 23% Samsung, 10% Xiaomi
Business segments: 72% mobile, 16% OIS, 12% all other
Management qualitative comments:
- China solutions diversifying. Software paying off.
- Firefly gaining traction, including outside mobile.
- OIS continuing to grow, with applications outside mobile. EIS (electronic image stabilization) too.
- Dead reckoning software library shipping to a major OEM.
- Digital always on microphones expected
to grow in mobile over the next year or two.
On 08/04/2015 04:18 PM, Esekla wrote:
From the press release:
we continue to gain traction with our new motion, audio and software solutions, building a design win portfolio that we expect will contribute to revenue later this fiscal year.Hopefully that bodes well for guidance.
Also, I looked at the guidance # rather than current quarter estimates. The $106.3M is a revenue beat of $4.6M over the latest average of estimates, which have been coming down since the company scheduled this report.
On 08/04/2015 04:11 PM, Esekla wrote:
InvenSense has reported ficsal first quarter 2016 results as follows:
The conference call should start in 20 minutes, and I think guidance will be most important.
- adjusted earnings per share of 14 cents, which beats by 2 cents
- on revenue of $106.3M, which misses by $9.7M