O2 Micro International Ltd (OIIM) Friday lowered its revenue guidance for the second quarter, amid weak demand in company's end markets.
Second-quarter revenues is currently forecast in the range of $27.9 million to $28.5 million, down from $30.3 million to $31.8 million, reported previously.
Gross margin for the quarter is now expected to range between 55 percent and 56 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.