---
schema_version: "secwatch.filing_event.v1"
accession: "0001040161-23-000020"
form_type: "8-K"
ticker: "PXLW"
cik: "0001040161"
company_name: "PIXELWORKS, INC"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T07:53:46.613963+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Pixelworks Q1 revenue $10M, GAAP net loss $9.4M (-$0.17); guides mobile recovery in Q2

## Summary
- Revenue $10.0M, down from $16.9M Q4'22 and $16.6M Q1'22; GAAP gross margin 43.8% vs 53.1%.
- GAAP net loss $9.4M (-$0.17) vs Q4'22 loss $1.9M (-$0.04) and Q1'22 loss $4.6M (-$0.09).
- Non-GAAP net loss $8.2M (-$0.15) vs Q4'22 loss $0.8M (-$0.01) and Q1'22 loss $3.5M (-$0.06).
- Cash $62.8M, up from $56.8M Q4'22; includes $14.6M net proceeds from Shanghai subsidiary investment.
- Management says Q1 was cyclical bottom; expects strong mobile revenue growth in Q2 and fourth tier-one customer design-in.

## SEC filing metadata
- accession: 0001040161-23-000020
- form_type: 8-K
- ticker: PXLW
- cik: 0001040161
- company_name: PIXELWORKS, INC
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1040161/000104016123000020/0001040161-23-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1040161/000104016123000020/pxlw-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001040161-23-000020
- JSON: https://secwatch.observer/filing/0001040161-23-000020.json
- Plain text: https://secwatch.observer/filing/0001040161-23-000020.txt

## Key facts
- Earnings Releases
  PIXELWORKS, INC reported first quarter ended March 31, 2023 results: revenue $10.0 million, net income $9.4 million, EPS ($0.17) per share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $10.0 million
  - Net income: $9.4 million
  - EPS: ($0.17) per share
  - Result: reported results
  source text: Revenue in the first quarter of 2023 was $10.0 million, compared to $16.9 million in the fourth quarter of 2022 and $16.6 million in the first quarter of 2022. The sequential and year-over-year decline in revenue reflected a combination of seasonality in the projector market and an inventory correction in the mobile market, as well as the lower anticipated revenue contribution from video delivery following the end-of-life implemented for certain products at the end of 2022. On a GAAP basis, gross profit margin in the first quarter of 2023 was 43.8%, compared to 53.1% in the fourth quarter of 2022 and 52.7% in the first quarter of 2022. First quarter 2023 GAAP operating expenses were $14.7 million, compared to $12.0 million in the fourth quarter of 2022 and $12.6 million in the year-ago quarter. On a non-GAAP basis, first quarter 2023 gross profit margin was 44.1%, compared to 53.3% in the fourth quarter of 2022 and 53.2% in the year-ago quarter. First quarter 2023 non-GAAP operating ex
  evidence_url: https://www.sec.gov/Archives/edgar/data/1040161/000104016123000020/0001040161-23-000020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.