The company said it expects preliminary revenue for the fiscal third quarter ended December 31, 2023 to be down about 22% sequentially, it said on January 8, 2024.

1. 01

   The company said it expects preliminary revenue for the fiscal third quarter ended December 31, 2023 to be down about 22% sequentially, it said on January 8, 2024.

2. 02

   The company said on November 2, 2023 that it had guided to a sequential decline of 15% to 20%, and the latest preliminary indication is a decline of about 22%.

3. 03

   The company said that in the December quarter, a weakening economic environment led customers and distributors to want lower shipments as they reduced inventory risk, and that some customers had extended shutdowns or closures at quarter-end. It said backlog it had planned to ship when it gave its outlook was not shipped to customers before the end of the quarter.

4. 04

   The company said it plans to provide additional information, including full financial results for the December quarter, on February 1, 2024, and will hold a conference call that day at 5 p.m. Eastern Time. It said the revenue information is preliminary and may change after its financial closing procedures are completed.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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