Pixelworks pre-announces Q3 revenue ~$16M (+18% seq) and Q4 outlook at least $19M

PIXELWORKS, INC

2023-Q3 EPS reported -$0.40 revenue$39,603,000

Preliminary Q3 2024 revenue ~$16M, up 18% sequentially driven by record mobile revenue.
Mobile revenue set new quarterly record, >20% sequential and >35% YoY growth, >50% of total.
Q4 2024 revenue expected at least $19M, supported by bookings from IRX-certified smartphone models.
Upstream orders from tier-one customers and gaming studio collaborations (Nuverse-ByteDance, Perfect World, NetEase) cited.

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