Earnings: Reported $0.24 EPS, exactly matching consensus estimates ($0.24)
Revenue: $123.97M (−0.1% YoY), slightly above expectations (~$123.6M
Gross Margin: Strong GAAP gross margin of ~68.4%
Outlook: Q3 revenue guidance of $128–138M, in line with analyst estimates; EPS guidance ~$0.26–0.30
Despite flat revenue and earnings, the strong margins, solid design win momentum (especially in AI/server segments), and improving backlog gave the stock a solid boost (~12–16% intraday gain)
Aggregate Ratings: Very positive — 17 Buy, 0 Hold, 1 Sell in recent months; average price target around $63.30–63.45, implying ~12‑15% upside from $56 current price
Short-term (weeks/months): Bullish – momentum strong, recent price jump suggests continued interest.Targets support ~10–25% upside from current $63–65range.
Revenue: $123.97M (−0.1% YoY), slightly above expectations (~$123.6M
Gross Margin: Strong GAAP gross margin of ~68.4%
Outlook: Q3 revenue guidance of $128–138M, in line with analyst estimates; EPS guidance ~$0.26–0.30
Despite flat revenue and earnings, the strong margins, solid design win momentum (especially in AI/server segments), and improving backlog gave the stock a solid boost (~12–16% intraday gain)
Aggregate Ratings: Very positive — 17 Buy, 0 Hold, 1 Sell in recent months; average price target around $63.30–63.45, implying ~12‑15% upside from $56 current price
Short-term (weeks/months): Bullish – momentum strong, recent price jump suggests continued interest.Targets support ~10–25% upside from current $63–65range.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.