Seeking Alpha
 

Altera Corporation (ALTR)

- NASDAQ
  • Oct. 22, 2013, 6:08 PM
    • In addition to missing FQ3 revenue estimates, Altera (ALTR) is guiding for FQ4 revenue to be down 3% to up 1% Q/Q; that's worse than a consensus for 6% growth.
    • While archrival Xilinx (XLNX - down 0.7% AH) saw 10% Y/Y sales growth in the Sep. quarter, Altera saw a 10% decline, evidence of share loss. However, Xilinx's Dec. quarter Q/Q sales growth guidance (-2% to +2%) isn't far removed from Altera's.
    • An 18% Y/Y drop in telecom/wireless chip sales (41% of revenue) dinged Altera's FQ3. Industrial, military, and automotive chip sales (23% of total) rose 1%; networking, computer, and storage (19% of total) was flat, and "Other" (17% of total) was down 12%.
    • Book-to-bill was below 1. Opex rose 6% Y/Y thanks to moderate increases in R&D and sales/marketing spend. Gross margin was 68.2%, and is expected to be at 68.5% (+/- .5%) in FQ4.
    • FQ3 results, PR
    | Comment!
  • Oct. 22, 2013, 4:18 PM
    • Altera (ALTR): Q3 EPS of $0.37 beats by $0.03.
    • Revenue of $445.9M (-10% Y/Y) misses by $5.91M. Shares -5.5% AH. (PR)
    | Comment!
  • Oct. 22, 2013, 12:10 AM
  • Oct. 21, 2013, 5:35 PM
  • Oct. 16, 2013, 5:05 PM
    • Xilinx (XLNX) expects FQ3 (Dec. quarter) revenue to be down 2% to up 2% Q/Q; the consensus is for a 1.4% increase.
    • FQ2 non-GAAP EPS (excludes a $0.09 litigation charge) was $0.58, beating a consensus of $0.53. Gross margin was 69.5%, +50 bps Q/Q and +350 bps Y/Y, and above guidance of 69%. FQ3 gross margin is expected to be around 69%.
    • Telecom/data center chip sales (43% of revenue) -3% Y/Y in FQ2 vs. -2% in FQ1. Industrial, aerospace, and defense (38% of revenue) was strong, +32% vs. +9%; broadcast, consumer, and automotive saw a turnaround, +17% vs. -5%.
    • R&D spend +12% Y/Y to $125M, SG&A +4% to $96.3M. $70M spent on buybacks.
    • XLNX -4.5% AH. Archrival ALTR -2.8%.
    • FQ2 results, PR
    | Comment!
  • Jul. 23, 2013, 5:48 PM
    Tech guidance roundup: 1) Electronic Arts (EA - earnings) expects FQ2 revenue of $975M and EPS of $0.12, below a consensus of $976M and $0.15. FY14 guidance is for revenue of $4B and EPS of $1.20, in-line with consensus. 2) Altera (ALTR - earnings) expects FQ3 sales to rise 5%-9% Q/Q, in-line with a 7.2% consensus. 3) RF Micro (RFMD - earnings) expects FQ2 revenue of $305M-$310M and EPS of $0.10-$0.11 vs. a consensus of $306.8M and $0.10. 4) Linear (LLTC - earnings) expects FQ2 revenue to be up 2%-5% Q/Q, mostly above a 2.2% consensus. EA +7% AH. ALTR +1.5%. RFMD -0.7%. LLTC +1.5%. (PRs: Electronic Arts, Altera, RF Micro, Linear)
    | Comment!
  • Jul. 23, 2013, 4:18 PM
    Altera (ALTR): Q2 EPS of $0.31 in-line. Revenue of $421.8M (-9% Y/Y) beats by $0.9M. (PR)
    | Comment!
  • Jul. 23, 2013, 12:10 AM
    Notable earnings after Tuesday’s close: AAPL, ACC, ACE, AEC, ALTR, BCR, BRCM, CPWR, DFS, EA, FBC, FNB, FTI, HA, HLIT, HTS, IGT, ILMN, IRBT, JNPR, KFN, LLTC, NBR, NSC, PEI, PLCM, PNRA, RE, RFMD, RHI, RKT, T, TSS, UIS, USNA, VASC, VMW, VOCS, WCN, ZIXI
    | Comment!
  • Jul. 22, 2013, 5:35 PM
    Notable earnings after Tuesday’s close: AAPL, ACC, ACE, AEC, ALTR, BCR, BRCM, CPWR, DFS, EA, FBC, FNB, FTI, HA, HLIT, HTS, IGT, ILMN, IRBT, JNPR, KFN, LLTC, NBR, NSC, PEI, PLCM, PNRA, RE, RFMD, RHI, RKT, T, TSS, UIS, USNA, VASC, VMW, VOCS, WCN, ZIXI
    | Comment!
  • Jul. 17, 2013, 5:20 PM
    Xilinx (XLNX) is guiding for FQ2 revenue to be flat to up 3% Q/Q. That implies a range of $579M-$596M, above a $561.6M consensus. Shares +3.3% AH in response to the guidance and Xilinx's strong FQ1 beat, which was aided by a 300 bps Q/Q increase in gross margin to 69%. Gross margin is seen holding steady in FQ2. Industrial, Aerospace, & Defense sales +10% Q/Q and +9% Y/Y.. Telecom/data center +8% Q/Q and -2% Y/Y, Broadcast, Consumer, & Automotive +4% Q/Q and -5% Y/Y. Wired telecom and aerospace/defense are named strong points, as were sales of 28nm chips (exceeded $50M). Altera (ALTR) +2.5%. Citi upgraded Xilinx last Friday. (PR)
    | Comment!
  • Apr. 25, 2013, 4:51 PM
    Tech guidance roundup: 1) Synaptics (SYNA - earnings) expects FQ4 revenue of $190M-$205M, way above a $158.2M consensus. Strong mobile sales +57% Y/Y in FQ3) responsible. 2) Qlik (QLIK - earnings) expects Q2 revenue of $104M-$108M and EPS of -$0.02 to $0.00 vs. a consensus of $104.8M and $0.02. But it also expects 2013 revenue of $471M-$481M and EPs of $0.41-$0.44, mostly above a consensus of $471.9M and $0.40. 3) Altera (ALTR - earnings) expects Q2 revenue to be flat to up 4% Q/Q, below a consensus for 9% growth. SYNA +19.4% AH. QLIK +11.1%. ALTR -1.9%.(Synaptics PR) (Qlik PR) (Altera PR)
    | Comment!
  • Apr. 25, 2013, 4:18 PM
    Altera (ALTR): Q1 EPS of $0.37 beats by $0.05. Revenue of $410.5M (+7% Y/Y) misses by $3.25M. Shares -1% AH. (PR)
    | Comment!
  • Apr. 25, 2013, 12:10 AM
    Notable earnings after Thursday’s close: AEM, ALTR, AMCC, AMKR, AMZN, BIDU, BJRI, BLDR, BMRN, CALX, CAMP, CB, CBG, CENX, CERN, CINF, CLWR, CRUS, CSTR, CTCT, DECK, DLB, ELY, EMN, EXPE, FII, FR, FSL, GERN, IGT, IM, INAP, INFA, KBR, KEG, KLAC, LEG, MCRS, MXIM, N, NR, NTGR, OLN, PFG, PKI, PMCS, QLIK, RMD, RRC, RSG, SBUX, SIMO, SPN, SWKS, SYNA, TCO, THRX, TLAB, UHS, VPRT, VRSN, WRE, WYNN
    | Comment!
  • Apr. 24, 2013, 5:35 PM
    Notable earnings after Thursday’s close: AEM, ALTR, AMCC, AMKR, AMZN, BIDU, BJRI, BLDR, BMRN, CALX, CAMP, CB, CBG, CENX, CERN, CINF, CLWR, CRUS, CSTR, CTCT, DECK, DLB, ELY, EMN, EXPE, FII, FR, FSL, GERN, IGT, IM, INAP, INFA, KBR, KEG, KLAC, LEG, MCRS, MXIM, N, NR, NTGR, OLN, PFG, PKI, PMCS, QLIK, RMD, RRC, RSG, SBUX, SIMO, SPN, SWKS, SYNA, TCO, THRX, TLAB, UHS, VPRT, VRSN, WRE, WYNN
    | Comment!
  • Mar. 19, 2013, 10:50 AM
    Lattice Semi (LSCC +7.5%) jumps after guiding for 6%-8% Q/Q revenue growth in Q1, well above prior guidance for a 2%-4% drop. Gross margin is expected to be at the low end of a prior guidance range of 52%-56% thanks to a greater mix of telecom and consumer chip sales. Bigger rivals Altera (ALTR +0.4%) and Xilinx (XLNX +1.5%) are up slightly. This morning, Xilinx introduced a new chip for its Zynq line of SoCs. By combining DSP and ARM CPU cores with Xilinx's programmable logic, Zynq expands Xilinx's reach within embedded markets.
    | Comment!
  • Jan. 23, 2013, 5:32 PM
    Tech guidance roundup: 1) Altera (ALTR - earnings) expects Q1 revenue to fall 4%-8% Q/Q. This implies revenue of $404M-$422M, below a $461.8M consensus. 2) LSI (LSI - earnings) expects Q1 revenue of $535M-$575M and EPS of $0.09-$0.15 vs. a consensus of $576.2M and $0.13. 3) Polycom (PLCM - earnings) expects Q1 revenue of $330M-$340M and EPS of $0.10-$0.12, below a consensus of $341M and $0.14. ALTR -6% AH. LSI -2.5%. PLCM unchanged for now.
    | Comment!
Visit Seeking Alpha's
ALTR vs. ETF Alternatives
Company Description
Altera Corpdesigns and sells programmable logic devices, HardCopy application-specific integrated circuit devices, power system-on-chip devices, pre-defined design building blocks known as intellectual property cores, and associated development tools.