iRobot -2.9% AH on slightly soft EPS outlook


iRobot (IRBT) expects Q2 revenue of $138M-$145M and EPS of $0.15-$0.25 ($0.20 midpoint) vs. a consensus of $143.8M and $0.23. Full-year guidance is for revenue of $560M-$570M and EPS of $1-$1.15 ($1.075 midpoint) vs. a consensus of $562.8M and $1.11.

Gross margin rose 150 bps Y/Y in Q1 to 45.3%. Opex rose 16% to $43.7M.

Home robot sales grew 17% Y/Y to $108M, and carried a 50.4% gross margin. Defense/security robot sales fell nearly 50% to $5.6M, and carried a 37.2% gross margin.

Q1 results, PR

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