Financial OutlookThe outlook for the first fiscal quarter remains weak despite improving end markets, with revenue guidance significantly lower than what analysts anticipated.
Market CatalystsFollowing the successful FTC win at a major foundry, there are few immediate catalysts outside of a cyclical recovery in the semiconductor sector driven by PCs and smartphones.
Revenue GuidanceRevenue projections for the December quarter were adjusted downward by 9% compared to the previous quarter, falling short of earlier expectations for levels similar to the September quarter.