Sensor maker AMS guides for strong demand from smartphone makers in Q3
VIENNA, July 29 (Reuters) - Sensor specialist AMS AG AMS.S, which just closed the takeover of Germany's Osram OSRn.DE, said it expects its third-quarter revenues to grow around 20% versus the second quarter as demand from smartphone makers remains strong despite the pandemic.
Revenue came in at $460.3 million and adjusted earnings before interest and tax (EBIT) reached $90.1 million in the three months through June, the Austrian group said.
The adjusted EBIT Margin was at 20%.
AMS, generating a large chunk of its revenue with sensors for Apple's AAPL.O iPhones, had guided for an adjusted EBIT margin of 17-20% and revenue of $440-480 million.
It expects third-quarter revenues to come in between $530-570 million.
(Reporting by Kirsti Knolle Editing by Riham Alkousaa)
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