SAN FRANCISCO Blaming weaker-than-expected demand and inventory adjustments, analog/mixed-signal IC vendor Silicon Laboratories Inc. Wednesday (Sept. 20) lowered its third quarter revenue estimate. The company now expects to post third quarter revnue of $113 million to $116 million, down from previous guidance of $122 million to $127 million.
Blaming inventory adjustments in China, Silicon Laboratories (Austin, Texas) said demand for its Aero transceivers has been weaker than expected. The company also blamed lower than anticipated sales to some original design manufacturers due to demand shifts at OEM customers.
Silicon Laboratories said its mixed-signal business is expected to be down slightly sequentially due to weaker than expected analog modem demand.
Silicon Laboratories expects to report third quarter diluted net income per share on a generally accepted accounting principles basis of 5 to 8 cents. Non-GAAP third quarter diluted net income per share is expected to be 22 to 25 cents, the company said.