Seeking Alpha

Montage higher after upping Q1 guidance

  • Montage (MONT +3.2%) now expects to report Q1 revenue of $34.5M-$36.5M, above prior guidance of $29M-$32M and a $30.6M consensus. Gross margin is expected to be above prior guidance of 60%-62%.
  • The Chinese analog/mixed-signal chipmaker attributes the guidance hike to an expected 60% Q/Q increase in memory interface chip sales, which in turn is the result of growing demand for LRDIMM DRAM modules.
  • LRDIMMs enable higher server memory capacities, something that has made them popular for handling memory-intensive applications such as in-memory databases and big data/analytics projects.
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