|We get both MXL and SIMO results after the close today.|
No idea what to expect out of MXL.
For SIMO, there was a Seeking Alpha preview that forecast only $268m or so for Q2. I think it must be much higher than that, perhaps as high as $300m. SIMO guided 2022 to have sales up 20%-30% over 2021, with bias to the upside. With only $242m in Q1, the remaining quarters have to all be above $300m I think to deliver 25% growth.
On the other hand, cell phone and PC sales seem to have slowed quite a bit in Q2. How that slowdown blends with SIMO's previous backlog which is could not deliver due to capacity constraints, I got no idea.
We'll see. I'll bet both results (MXL and SIMO) are quite good, and perhaps it drives the share prices of both higher. Maybe I'll buy some Sep calls.....