AMIS Expects Rev Decline

AMIS Holdings Inc., parent company of AMI Semiconductor, today said it expects a slight dip in revenue for Q3.

"Today we are reiterating our previous earnings per share guidance of $0.18 per fully diluted share on slightly lower revenue," commented Christine King, president and CEO of AMIS,

in a statement. "We continue to guide both gross margins and operating margins up 50 basis points sequentially, despite an estimated 2 to 4 percent sequential decline in revenues, due to improved product mix."

While automotive and industrial bookings are holding up well, King said AMIS has seen lower than expected bookings in the communications and computing markets, which are impacting its integrated mixed-signal and foundry businesses. Medical bookings are also soft, but are tracking as the company expected they would at the beginning of the quarter.

"Long-term, we are focused on our target markets, as evidenced by our pending acquisition of Dspfactory Ltd., and we remain confident in our future growth strategy," King concluded.