Microchip Technology Incorporated MCHP fourth-quarter fiscal 2020 results are likely to reflect growth in bookings triggered by coronavirus crisis-induced supply chain disruptions. Moreover, the figure indicates an improvement of 71.1% from the prior-year reported figure. The Zacks Consensus Estimate for earnings stands at $1.42 per share, up 7.6% in the past 30 days. Synaptics Incorporated price-eps-surprise | Synaptics Incorporated Quote Synaptics Incorporated Price and EPS Surprise The company’s first-quarter 2020 performance is expected to have benefited from increasing adoption of Pulse-amplitude modulation (PAM) chipset solutions owing to the coronavirus outbreak-induced demand for higher network bandwidth among data centers. You can see the complete list of today’s Zacks #1 Rank stocks here. Inphi has an Earnings ESP of +20.04% and a Zacks Rank #2. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat.
Our proven model predicts an earnings beat for Inphi Corporation IPHI in first-quarter 2020. Given this mixed backdrop, investors interested in the semiconductor companies keenly await quarterly reports from notable companies slated to report on May 7. Glimpse of Few Upcoming Quarterly Releases Markedly, both AMD and Intel gained from robust adoption of high-performance processors in the first quarter.Īlso, the semiconductor stocks’ quarterly releases are expected to reflect the positive impact of improving NAND prices owing to supply constraints triggered by coronavirus crisis. This, in turn, is expected to have benefited the semiconductor companies in the to-be-reported quarter. Nevertheless, coronavirus-induced work-from-home wave might have driven sales of processors utilized in enterprise laptops and data center servers. Moreover, the upcoming earnings releases of component suppliers to Apple AAPL, including Qorvo QRVO and Synaptics SYNA, are likely to reflect the negative impact of decline in iPhone sales in the March quarter. Markedly, STMicroelectronics reported weak first-quarter 2020 results, due to low demand in the automotive and digital segments, and logistical challenges stemming from the pandemic.Īdditionally, sequential decline in global semiconductor sales in the first quarter of 2020, might have dented performance of semiconductor companies.
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However, weakness in automobile and PC verticals on account of the coronavirus-induced economic crisis and supply chain disruption is likely to have weighed on the business prospects of the semiconductor companies in the quarter under review.įurther, the coronavirus crisis led shut down of semiconductor facilities may have dampened sales. Semiconductor stocks’ quarterly releases are expected to reflect strong data center markets owing to rapid adoption of cloud computing.
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