Spreadtrum Communications Inc. (SPRD) reported second-quarter net income attributable to the company of $21.0 million or $0.41 per ADS, compared to $32.5 million or $0.60 per ADS last year.
Non-GAAP net income for the quarter was $29.6 million or $0.58 per ADS, compared to $35.5 million or $0.65 per ADS last year.
On average, eight analysts polled by Thomson Reuters expected earnings of $0.45 per share for the quarter. Analysts' estimates typically exclude one-time items.
Revenues for the quarter increased 8.1 percent to $173.1 million from $160.2 million last year. Analysts estimated revenues of $171.44 million for the quarter.
Looking ahead to the third quarter, Spreadtrum expects revenue to be in the range of $178 million - $186 million. Analysts currently expect the company to generate revenues of $184.78 million for the third quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.