Pixelworks Reports Preliminary Revenue Results For Q3; Expects Consolidated Revenue To Increase 18% Sequentially To Approximately $16M, Est. $16M
Portfolio Pulse from Benzinga Newsdesk
Pixelworks has reported preliminary revenue results for Q3, expecting an 18% sequential increase to approximately $16M. Mobile revenue is expected to increase over 20% sequentially and over 35% year-over-year, representing more than 50% of total revenue.
October 04, 2023 | 11:07 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Pixelworks expects an 18% sequential increase in Q3 revenue to $16M, with mobile revenue making up over 50% of total revenue.
The news directly pertains to Pixelworks and its Q3 revenue expectations. The expected increase in revenue, particularly in the mobile segment, is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100