Reports Q3 revenue $16.0M, consensus $16M. “Consistent with our announced preliminary third quarter revenue, we delivered solid third quarter results driven by continued sequential growth and record revenue in our mobile business as well as seasonally stronger demand in the home and enterprise market,” stated Todd DeBonis, President and CEO of Pixelworks. “Concurrent with mobile growing to represent 52% of total revenue, our initial actions to pass through previously absorbed supplier costs more broadly across our end markets contributed to gross margin expanding by 260-basis points sequentially.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on PXLW:
- Pixelworks Reports Third Quarter 2023 Financial Results
- Pixelworks continues collaboration with MediaTek
- PXLW Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Pixelworks Announces Preliminary Third Quarter 2023 Revenue Results and Initial Outlook for Fourth Quarter
- Pixelworks sees Q3 revenue $16M, consensus $16M
