GaAs IC foundry Win Semiconductors expects to put up a 14-16% sequential improve in revenues for the second quarter of 2019, with gross margin to vary from 31% to 33%.
Win Semi’s revenues began choosing up in March, mentioned the corporate, including that revenues for the primary quarter registered a smaller-than-expected sequential decline.
“We do observe that infrastructure-related customers are actively developing 5G projects and placing advanced mass production orders,” Win Semi mentioned in a press release. “In addition, we’ve seen Asian smartphone PA design house clients increase their wafer inputs one after another post Lunar New Year.”
“We believe first quarter is the bottom of our operation this year and we have confidence in our 2019 full year outlook,” Win Semi famous. The firm additionally reiterated its earlier comment that demand for 3D sensing and 5G associated functions will drive its future enterprise development.
Win Semi posted consolidated revenues fell 14% sequentially to NT$3.62 billion (US$116.9 million) within the first quarter of 2019, when the corporate utilized solely 50% of its capability. Gross margin slid to 25%, down 7.6pp on quarter, whereas working margin slipped 10.4pp to eight.3%.
Win Semi generated web earnings of NT$151 million within the first quarter of 2019, down 79% on each sequential and on-year bases. EPS for the quarter got here to NT$0.41.
