AMS makes Q2 loss on reduced Apple orders
- Author:Ella Cai
- Release on:2018-07-25
AMS had a Q2 operating loss of $48.6 million on revenues of $252.8 million after a key customer, believed to be Apple, cut back orders for 3D sensors for iPhones. In Q2 2017, AMS had an operating profit of $1.6 million.
AMS blamed a delay in orders which left it with unused capacity.
AMS, which gets around 40% of its revenues from Apple, says new orders will deliver strong growth in H2.
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Engineers Feel The Difference
“In line with previous expectations, we see strong sequential revenue and profitability growth in the third quarter as high volume ramp-ups in consumer optical sensing have started,” says the company.
AMS forecasts Q3 revenues at $450-490 million and record revenues for H2.
Better Q3 capacity utilisation should see a ‘low teens’ operating margin.
AMS blamed a delay in orders which left it with unused capacity.
AMS, which gets around 40% of its revenues from Apple, says new orders will deliver strong growth in H2.
Advertisement
Engineers Feel The Difference
“In line with previous expectations, we see strong sequential revenue and profitability growth in the third quarter as high volume ramp-ups in consumer optical sensing have started,” says the company.
AMS forecasts Q3 revenues at $450-490 million and record revenues for H2.
Better Q3 capacity utilisation should see a ‘low teens’ operating margin.
