LSI Corp. (LSI) reported third quarter GAAP net income of $52 million or $0.08 per share, compare to $11 million or $0.02 per share in the prior year quarter.
Third quarter non-GAAP net income was $119 million or $0.18 per share, compared to $94 million or $0.14 per share in the year-ago quarter.
Third quarter revenues decreased 19% to $578 million from $714 million in the previous year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.04 per share on revenue of $555.65 million for the quarter. Analysts' estimates typically exclude special items.
For the fourth quarter, the company anticipates GAAP results between a loss of $0.04 per share and earnings of $0.05 per share, and non-GAAP earnings of $0.07 to $0.13 per share. Revenue is estimated between $605 million and $645 million for the quarter. Street expects earnings of $0.06 per share on revenue of $587.48 million for the quarter.
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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.