What's In Store For These Semiconductor Stocks In Q2 Earnings?
Zacks Investment Research | Jul 19, 2016 01:44AM ET
Earnings releases are picking up pace and results from 36 S&P 500 members or 10.1% of the index’s total membership are already out.
As far as the tech sector is concerned, total earnings are expected to be down 6.2% on 2.7% higher revenues, which would follow the sector’s 4.5% earnings decline on 0.4% higher revenues in Q1.
This week, investors will be watching semiconductor stocks closely as a number of them are expected to come up with their quarterly results. The semiconductor industry serves as a driver, enabler and indicator of technological progress. Developments in the industry determine the way we work, transport ourselves, communicate, entertain ourselves and respond to our environment.
The industry has been struggling for the last year due to global economic headwinds, such as a slowdown in China and a strengthening dollar. The PC market slump can’t be ignored either.
Let’s take a sneak peek into six major companies in the semiconductor space - Intel Corporation (INTC), Advanced Micro Devices, Inc. (AMD), Maxim Integrated Products, Inc. (MXIM), Mellanox Technologies, Ltd. (MLNX)Fairchild Semiconductor International Inc. (FCS) and NVECorp (NVEC) that will report earnings this week.
Intel Corporation (NASDAQ:INTC) , one of the world's largest semiconductor chip makers, is slated to report second quarter fiscal 2016 results on Jul 20.
For the quarter, Intel has an NVE CORP Quote
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