Altera Corp. has reaffirmed its Q2 sales will be in line with the guidance previously provided by the company – 7 percent to 10 percent sequential growth from the $292.8 million reported in Q1.
The San Jose-based programmable logic company also noted in its mid-quarter update that it expects several million dollars in additional sales general and administrative expense (SG&A) in Q2 as a result of its previously announced review of stock option granting practices.
New products continue to lead the company’s growth, Altera said. And while supply of certain types of Stratix, Stratix II and HardCopy devices remained tight, Altera said it believed that the lead times for the parts will return to normal within one to three months, also in line with the company’s previous estimates.
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