WIN Semi reports August revenue, drops Q3 guidance
Smartphone transition creates "wait-and-see" conservatism
WIN Semiconductors dropped its fiscal Q3 revenue outlook to a low single-digit decline from Q2, compared to the previous outlook of a single-digit increase. In a release reporting August revenue, WIN said that customer demand has become “more conservative” due to smartphone product transitions and a “wait-and-see market atmosphere.” Appreciation of the New Taiwan Dollar (NT$) created additional headwinds.
WIN reported August revenue of NT$ 1.2 billion ($38 million), a 24 percent increase from the prior year and down 1.7 percent from the prior quarter. Year-to-date revenue (January through August) was NT$ 9.3 billion ($293 million), 19 percent above the prior year period.