Pixelworks reported second quarter 2025 revenue of $8.3 million, an increase from $7.1 million in the first quarter of 2025, but a decrease from $8.5 million in the second quarter of 2024. The sequential increase was primarily driven by seasonal growth of product shipments in the home and enterprise market.
The company's GAAP gross profit margin in Q2 2025 was 45.8%, and non-GAAP gross profit margin was 46.0%, both showing a sequential and year-over-year decrease. GAAP operating expenses decreased to $11.1 million, and non-GAAP operating expenses decreased to $9.7 million, reflecting continued benefits from cost reduction actions.
Pixelworks reported a GAAP net loss of $6.7 million, or ($1.27) per share, and a non-GAAP net loss of $5.3 million, or ($1.00) per share. On June 6, 2025, the company effected a one-for-twelve reverse stock split of its common stock, with all shares and per-share data retroactively adjusted.
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