Display chipmaker Pixelworks Q3 revenue rises

Reuters11-12

Display chipmaker Pixelworks Q3 revenue rises

Overview

Pixelworks Q3 revenue missed analyst expectations, adjusted loss per share beat estimates
Company completed sale of $3 mln non-strategic patents
Announced sale of Pixelworks Shanghai subsidiary to VeriSilicon-led entity

Outlook

Pixelworks expects to unlock shareholder value with the sale of its Shanghai subsidiary
Pixelworks transitioning to a global technology licensing business model

Result Drivers

REVENUE GROWTH - Sequential revenue increase driven by growth across all end markets, led by home and enterprise sectors
COST REDUCTION - Previous cost reduction actions led to decreased operating expenses and expanded gross margins

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue	Miss	$8.77 mln	$9 mln (1 Analyst)
Q3 Adjusted EPS	Beat	-$0.69	-$0.86 (1 Analyst)
Q3 Net Income		-$4.59 mln
Q3 Adjusted Gross Margin		49.90%
Q3 Income from Operations		-$5.62 mln
Q3 Operating Expenses		$9.99 mln
Q3 Pretax Profit		-$5.10 mln

Analyst Coverage

The one available analyst rating on the shares is "buy"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Pixelworks Inc is $15.00, about 59.1% above its November 10 closing price of $6.13

Press Release: ID:nPnchnmsBa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4141","symbol_name":"半导体产品","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251111:nL1N3WN0ZB:1","article_id":"2582939727","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2582939727","pubTimestamp":1762895721,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Display chipmaker Pixelworks Q3 revenue risesOverviewPixelworks Q3 revenue missed analyst expectations, adjusted loss per share beat estimatesCompany completed sale of $3 mln non-strategic patentsAnno","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4141":"半导体产品","PXLW":"美国像素"},"translate_title":"显示芯片制造商Pixelworks第三季度营收增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PXLW":0.9},"content_text":"Display chipmaker Pixelworks Q3 revenue risesOverviewPixelworks Q3 revenue missed analyst expectations, adjusted loss per share beat estimatesCompany completed sale of $3 mln non-strategic patentsAnnounced sale of Pixelworks Shanghai subsidiary to VeriSilicon-led entityOutlookPixelworks expects to unlock shareholder value with the sale of its Shanghai subsidiaryPixelworks transitioning to a global technology licensing business modelResult DriversREVENUE GROWTH - Sequential revenue increase driven by growth across all end markets, led by home and enterprise sectorsCOST REDUCTION - Previous cost reduction actions led to decreased operating expenses and expanded gross marginsKey DetailsMetricBeat/MissActualConsensus EstimateQ3 RevenueMiss$8.77 mln$9 mln (1 Analyst)Q3 Adjusted EPSBeat-$0.69-$0.86 (1 Analyst)Q3 Net Income-$4.59 mlnQ3 Adjusted Gross Margin49.90%Q3 Income from Operations-$5.62 mlnQ3 Operating Expenses$9.99 mlnQ3 Pretax Profit-$5.10 mlnAnalyst CoverageThe one available analyst rating on the shares is \"buy\"The average consensus recommendation for the semiconductors peer group is \"buy\"Wall Street's median 12-month price target for Pixelworks Inc is $15.00, about 59.1% above its November 10 closing price of $6.13Press Release: ID:nPnchnmsBaFor questions concerning the data in this report, contact Estimates.Support@lseg.com. 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