Audience (ADNC) expects Q3 revenue of $31M-$34M and EPS of -$0.09 to -$0.13, well below a consensus of $44.9M and $0.15.
The audio processing chip/IP developer says it sees "shifting trends in the smartphone market that will present both challenges and opportunities."
Beyond the S4, there has been a demand shift towards low-end/mid-range phones, where Audience's voice-enhancing processors are sometimes a tougher sell to OEMs.
Q2 R&D spend +30% to $10.3M, SG&A +32% to $10.8M. Rev. growth was 36%.
Q2 results, PR