Silicon Image Cuts Q2 Revenue Outlook

(RTTNews) - Silicon Image, Inc. (SIMG) on Tuesday lowered its second quarter revenue outlook, citing lower than anticipated mobile IC shipments in the quarter to a significant customer and the delay of expected HDMI royalty revenue.

The company said it now expects second quarter revenue to be in the range of $58.5 million to $60.5 million, compared to its prior guidance of $71 million to $76 million.

Analysts polled by Thomson Reuters currently expect the company to post revenue of $73.31 million for the second quarter.

Gross margin for the second quarter is now expected to be between 59% and 60%, compared to previous guidance of about 56.5%.