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Altera (NASDAQ:ALTR) is expected to report Q2 earnings Tuesday, July 15 after market close, with a conference call scheduled for 4:45 pm ET.

Guidance

The consensus estimate is 27c for EPS and $346.66M for revenue, according to First Call. Altera guided for Q2 revenues up 1% to 4% (with a midpoint of $344.5M). Gross margin is expected at 65% with R&D costs of $65M to $67M and SG&A at $63M to $65M. Other income is anticipated at $3M and the tax rate is expected in the 16% to 17% range.

Analyst Views

Canaccord Adams expects an in-line Q2 and guidance slightly below consensus for Q3. Consensus for Q3 is 26c and $350.51M in revenue. Canaccord's checks show healthy demand through the end of Q2. Looking into Q3, the firm believes slowing communications infrastructure demand could prompt cautious guidance. A likely off-set could be China surrounding the Olympics.

Source: Earnings Preview: Altera