Question-and-Answer Session
Operator
Yes sir. (Operator Instructions). And our first question comes from the line of Krish Sankar with Bank of America Securities. Go ahead.
Krish Sankar - Bank of America Securities
Hi, Steve. If I look at your guidance over the last couple of quarters, you have been pretty much guiding the same range in the $30 to $35 million revenue run rate. You hadn’t been able to grow the last three quarters. So, is this guidance of September, is it conservatism around being conservative in the macro environment or do you actually see like slowdown in analog spending going forward?
Steve Hawrysz
Well, I mean, I’ll let Len comment on the macro environment, but I guess my guidance, I pretty much look at what we have bookings for and what we anticipate we’ve seen again, some of the turns business, that comes in for the quarter and kind of set my range based upon anticipated levels of activity that I visibility to. The last couple of quarters we were at the high end, and in this quarter, we were above the top end of our range slightly. So, we did get benefit from some additional business that we didn’t have visibility at the time of our last conference call.
And so, my guidance is based upon the best information that I have available at that time. So, I continue to do that on a consistent basis and to the extent that we have better experience with our customers and then materialize in a given quarter and we’re able to respond to their inventory position. We’re able to respond more quickly as well. So, that also helps us having product available to get things outdoor in more expeditious fashion. Len, do you want to add any comments to that overall macro environment?
Leonard Foxman
Well, we try to listen carefully to what’s happening in the industry in general. But because of the nature of Eagle, we are not looking into the broader DRAM markets and some of the other portions of the semiconductor test arena that are experiencing other dynamics in that. One of the things that we like about our space is that it has, what we feel is, relatively predictable performance relative to the extremely viable environment that is present there.
So, I think all things being what they are, I think the fact that we hold the opinion that things seem to continue to be inline with the performance that we have been able to deliver over the last three or four quarters that we should be able to perform in a range that Steve has outlined. And maintaining with one of two, as ever happens. We don’t want to be disappointed. So, if you consider that to be conservative, then we are guilty of that, certainly, don’t want to disappoint on the earnings.
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