InvenSense issues mixed FQ2 guidance, solid FY15 EPS guidance


InvenSense (NYSE:INVN) guides on its FQ1 CC for FQ2 revenue of $86M-$91M and EPS of $0.15-$0.16. The former is above an $83.3M consensus, while the latter is below a $0.19 consensus.

Nonetheless, the company is raising its FY15 (ends March '15) EPS guidance to $0.80 from a prior $0.70-$0.75; consensus is at $0.71.

Shares +1.2% AH.

FQ1 results, PR

From other sites
Comments (8)
  • Philip Marlowe
    , contributor
    Comments (1579) | Send Message
     
    They also hiked FY 2015 revenue guidance. They essentially said that 2015 revenue growth will come in at the very high end or above the previously guided 25-35%. Current analyst estimates are for 29% growth.

     

    Also they made it crystal clear that they have added apple as a client. Also they said that Apple will be taking their brand new 3rd gen chip.

     

    Overall this was a very good conf call. A lot of good news. I do not know why the stock is not flying 30% higher, I suspect a lot of investors, do not quite understand how INVN's business works or how the semi business works in general. When you are taking giant swaths of marketshare as invensense is doing now, you can expect profitability to be depressed for a while, because new clients require some hand holding and help, which means engineering resources.

     

    As the design wins play themselves out and production yields improve, the profits will start pouring in.
    29 Jul 2014, 06:04 PM Reply Like
  • Esekla
    , contributor
    Comments (4630) | Send Message
     
    The stock is not flying higher because this was not an especially good CC.

     

    My preview article nailed it: once again design wins predicted this quarter and already priced into the stock did not materialize, but they were able to include some of the anticipated revenue in guidance. That said there is reason to worry about continued disappointment.

     

    I've just submitted the update, with revised calculations.
    29 Jul 2014, 06:20 PM Reply Like
  • santosh_ps
    , contributor
    Comments (103) | Send Message
     
    Very well said....I work in a semi company and not easy for everyone to understand the business
    29 Jul 2014, 09:18 PM Reply Like
  • slickstock
    , contributor
    Comments (32) | Send Message
     
    Eselka ; INVN guides higher InvenSense, Inc. (NYSE: INVN) is looking for FY2014 EPS of $0.80 vs $0.73 analyst estimate.
    nvenSense, Inc. (NYSE: INVN) sees Q2 sales of $86.0M-91.0M vs $83.30M estimate.
    29 Jul 2014, 06:51 PM Reply Like
  • Esekla
    , contributor
    Comments (4630) | Send Message
     
    They're done with FY14 already. EPS guidance was a miss. See and ask questions in the just published article. I'm checking out of this thread.
    29 Jul 2014, 07:09 PM Reply Like
  • slickstock
    , contributor
    Comments (32) | Send Message
     
    Didnt they guide FY15 higher too ? sorry looks like u just want create clicks for u r article , i am not one of those guys .. This earnings page , we will discuss here ..
    29 Jul 2014, 07:34 PM Reply Like
  • lapadski
    , contributor
    Comments (4) | Send Message
     
    Obvious- the guy just want our clicks. He always claim that he perfectly predicted these from his previous articles. I rather listen to the cc and then make the decision. Sorry, you will not get my clicks.
    30 Jul 2014, 07:49 AM Reply Like
  • Bikome0545
    , contributor
    Comments (3) | Send Message
     
    Given the sales growth and quite an optimistic guidance I also do not understand why there is no commensurate uptick in the price. Motley Fool subscribers are also confused.
    30 Jul 2014, 08:47 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs