Pixelworks rallies on EPS beat, solid top-line guidance

|By:, SA News Editor

Pixelworks (PXLW +7.8%) guided on its Q1 CC (transcript) for Q2 revenue of $14M-$16M and EPS of -$0.11 to breakeven; the sole analyst estimate is for revenue of $13.7M and EPS of -$0.05.

CEO Bruce Walicek mentioned Pixelworks has received mass-production qualification for an SoC (aimed at large-screen applications) that it has co-developed (previous), and will start sampling a low-power mobile video display processor he declares will be the first to "brings the video quality of large screens to mobile screens."

Gross margin rose to 60.1% in Q1 from 57.8% in Q4 and 49.7% a year ago - that contributed to the EPS beat. Opex grew 10% Y/Y to $10.4M.

Q1 results, PR