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InvenSense 2Q17 results ?3
The InvenSense conference call is still underway. It has been
stated that there will no discussion of buyout or partnership
Management guides for sales of $77-83M, with increasing OpEx,
which translates to earnings of 2-3 cents per share. Both figures
miss expectations pretty severely.
Management reported that UltraPrint is on schedule. Other than
that, Apple continues to dominate the business, at 58% of sales,
despite a broader spate of design wins. By contrast Korea was
6%, and a customer in China came in at 11%. InvenSense should
continue to benefit from iPhone sales in the current quarter, but
overall, the next two quarters may be slow, with 2018 expected to
I'm going to move on to the UDC call, as I doubt there will be much of importance to report here.
InvenSense has reported on its fiscal second quarter of 2017:
There's nothing in the statement that looks like it should really move the stock much. We'll see how guidance and other comments come in during the call.
- earnings of 2 cents per share miss by a penny
- on sales of $79.8M, which beat by $100K