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Home > News > Industry News > AMS makes Q2 loss on reduced A.....

AMS makes Q2 loss on reduced Apple orders

  • Author:Ella Cai
  • Release on:2018-07-25
AMS had a Q2 operating loss of $48.6 million on revenues of $252.8 million after a key customer, believed to be Apple, cut back orders for 3D sensors for iPhones. In Q2 2017, AMS had an operating profit of $1.6 million.

AMS blamed a delay in orders which left it with unused capacity.

AMS, which gets around 40% of its revenues from Apple, says new orders will deliver strong growth in H2.

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Engineers Feel The Difference

“In line with previous expectations, we see strong sequential revenue and profitability growth in the third quarter as high volume ramp-ups in consumer optical sensing have started,” says the company.

AMS forecasts Q3 revenues at $450-490 million and record revenues for H2.

Better Q3 capacity utilisation should see a ‘low teens’ operating margin.