Rebecca Day

Snap One continues to see “sustained demand” in the integrator channel, but management is taking a conservative view over the rest of 2022 due to economic uncertainty, said CEO John Heyman on the company’s Q2 earnings call Thursday. It expects adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to be between $116 million and $121 million, up 5%-9% year on year.

Vizio’s Q2 device revenue plunged 11% to $298.1 million, while ad revenue grew 71%, driving the Vizio's Platform+ business to $110.8 million, said the company's quarterly report Wednesday. Device gross profit plunged 88% to $4 million with a 1.3% gross margin, while Platform+ gross profit rose 47% to $69.9 million with 63% gross margin. The stock closed 18.1% higher Thursday at $12.33.

Sonos’ fiscal Q3 revenue slipped 1.8% year on year to $371.8 million for the quarter ended July 2, the company said Wednesday. It swung to a net loss of $600,000 vs. net income of $17.8 million in the year-earlier quarter.

“It wasn’t a good fit for either Kevin or us,” said Masimo CEO Joe Kiani on a Q2 earnings call Tuesday, on Masimo's decision to terminate former Sound United CEO Kevin Duffy (see 2208040042). Duffy left Masimo Friday after a brief transition period.

Samsung launched new flexible phones, earbuds and watches at its virtual Samsung Unpacked event Wednesday, led by the fourth-generation Fold smartphone. TM Roh, head of the company’s mobile experience business, cited the foldable smartphone’s “paradox of size, functionality and innovation," saying it took eight years to get from a prototype screen to the first Galaxy Fold.

Dolby lowered its full-year fiscal 2022 guidance due to uncertainty in the macroeconomic environment, primarily for the mobile, broadcast and PC markets, said Chief Financial Officer Robert Park on the company’s Tuesday earnings call. The latest full-year revenue guidance is for a “flat” range of $1.27 billion-$1.3 billion, he said, with revenue guidance of $295 million-$325 million for Q4. Revenue for Q3 ended July 1 was up 1% to $289.6 million, at the low end of guidance. Shares closed 4.73% higher Wednesday at $79.08.

TiVo signed its first smart TV customer for TiVo OS, said Xperi CEO Jon Kirchner on a Q2 earnings call Monday. TiVo OS is Xperi's embedded operating system and media platform for smart TVs.

Warner Music Group CEO Steve Cooper will be “actively in the loop” in the transition process to his successor, he said on a Tuesday earnings call. “We decided to announce a change with a long lead time," to have a "very thorough, thoughtful broad search” with a “diverse group of candidates,” he said. There will be an overlap in the transition, he said.

Demand remains “meaningfully stronger than our supply,” said Silicon Labs CEO Matt Johnson at a Monday investor conference, though some components of demand, especially on the consumer side, “are pushing out, changing.”

Net sales at Universal Electronics Inc. fell to $139.1 million, from $150.5 million in the prior-year quarter, on chip shortages and macroeconomic conditions, said CEO Paul Arling on a Q2 earnings call Thursday. Consumers are being affected by rising food and fuel prices, leaving “less of consumers’ budgets for entertainment, merchandise and other discretionary items," Arling said.