Altera Updates Fourth Quarter Revenue Guidance
SAN JOSE, Calif., Dec. 8, 2011 -- Altera Corporation (NASDAQ: ALTR) today announced updated fourth quarter 2011 revenue guidance.
The company currently expects that fourth quarter revenue will be 13 to 16 percent lower than third quarter levels. Previous guidance was for a decline of 7 to 11 percent. The revenue outlook has deteriorated across all major vertical markets, including both large and small customers. With the exception of North America, which will benefit from rising military sales, all geographic regions will be weak. As the quarter has progressed, economic uncertainty, macroeconomic concerns, and, in some instances, lower than planned sales have resulted in customers reducing demand on Altera. Consistent with the third quarter, Altera believes it will continue to under ship customer end demand in the fourth quarter.
The company will report fourth quarter results on January 24, 2012.
About Altera
Altera programmable solutions enable system and semiconductor companies to rapidly and cost-effectively innovate, differentiate and win in their markets. Find out more about Altera's FPGA, CPLD and ASIC devices at www.altera.com.
Related Semiconductor IP
- Simulation VIP for Ethernet UEC
- Bluetooth® Low Energy 6.2 PHY IP with Channel Sounding
- Simulation VIP for UALink
- General use, integer-N 4GHz Hybrid Phase Locked Loop on TSMC 28HPC
- JPEG XL Encoder
Related News
- Lattice Semiconductor Reports First Quarter 2011 Results; Exceeds High-End of Prior Revenue Guidance
- Xilinx Announces Record Fiscal 2011 Results; Q4 Sales Increase 4% Sequentially
- TranSwitch Corporation Announces a Business Re-organization and Restructuring in Line with the Company's Growth Strategy and Narrows Guidance for the 3rd Quarter of 2011
- EDA Consortium Reports Revenue Increase of over 12 Percent for Q4 2011
Latest News
- Mixel MIPI IP Integrated into Automotive Radar Processors Supporting Safety-critical Applications
- GlobalFoundries and Navitas Semiconductor Partner to Accelerate U.S. GaN Technology and Manufacturing for AI Datacenters and Critical Power Applications
- VLSI EXPERT selects Innatera Spiking Neural Processors to build industry-led neuromorphic talent pool
- SkyWater Technology and Silicon Quantum Computing Team to Advance Hybrid Quantum-Classical Computing
- Dnotitia Revolutionizes AI Storage at SC25: New VDPU Accelerator Delivers Up to 9x Performance Boost