- Though InvenSense (NYSE:INVN) beat FQ2 estimates, the company guided on its CC (webcast) for FQ3 revenue of $65M-$68M and EPS of $0.16-$0.18, below a consensus of $76.6M and $0.22. Gross margin is expected to be flat Q/Q.
- The motion sensor vendor suggested tablet and console-related weakness was responsible for the guidance. InvenSense thinks new applications such as microphones (courtesy of the ADI deal) and smartphone optical image stabilization gyroscopes could provide a lift, but adds revenue timing is "somewhat uncertain."
- Top customer Samsung is expected to continue accounting for a mid-30s percentage of total revenue.