MANHASSET, N.Y. Analog semiconductor supplier California Micro Devices Corp. has raised guidance for the second quarter of fiscal 2007 ending Sept. 30, projecting sales of $17 to 18 million, compared to earlier guidance of $16.0 to $17.5 million.
On a GAAP basis, California Micro (Milpitas, Calif.) expects earnings to be between breakeven and a net loss of 1 cent per share, compared to initial guidance of a net loss of 1 to 3 cents.
"We are raising our revenue and earnings guidance as the result of greater demand than we had anticipated for our products," said Robert Dickinson, president and CEO, in a statement. He noted that design wins are expected to be comparable to record levels achieved in the last two quarters.
Diodes Inc. (Westlake Village, Calif.) also raised guidance for the third fiscal quarter ending September.
The analog and discrete semiconductor supplier now expects third-quarter sales to rise 9 to 11 percent sequentially from $82.7 million the second quarter, compared to previous guidance of a 4 to 7 percent increase. Gross margin is expected to be comparable to the 33.2 percent in the second quarter.