Pixelworks Reports Second Quarter 2021 Financial Results and Announces Realignment Plan and Strategic Equity Investments Into Pixelworks Shanghai

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Go back to Pixelworks Reports Second Quarter 2021 Financial Results and Announces Realignment Plan and Strategic Equity Investments Into Pixelworks Shanghai

Pixelworks (PXLW) Tops Q2 EPS by 2c

August 10, 2021 4:41 PM EDT

Pixelworks (NASDAQ: PXLW) reported Q2 EPS of ($0.05), $0.02 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $14.1 million versus the consensus estimate of $14 million.

"We had a solid and very busy second quarter, highlighted by revenue growth of over 50% on both a sequential and year-over-year basis," stated Todd DeBonis, President and CEO of Pixelworks. "Mobile revenue set another quarterly record, as we continued to gain increased traction across an expanded number of OEMs and launched models during the first half of the year. Also in the second quarter, our projector... More