Reading PXLW? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track PXLW free→Reading PXLW? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track PXLW free→NASDAQInformation TechnologySemiconductorsSnapshot 2026-06-15
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is weak, and earnings quality is fragile, reported profits aren't backed by cash. Management's recent track record has been unsteady, with frequent disruptive corporate changes. Risk is elevated, while the sector backdrop is a tailwind, suggesting some support from broader trends. Peer multiples imply a price about 84% above where it trades (it looks cheap on this basis); the read is cheap, value-trap risk, as it trades below peer multiples, but recent financials are weak or earnings quality is fragile. This analysis is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 1 valuation methods, at three horizons. Current price $6.91. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $6.91 PXLW trades at 2× p/s, below its 12× p/s peer median. Our $45 fair value sits above the price; low confidence. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 84% below a flat-multiple fair value, below our forecast of about 1%. This describes what's priced in, not a forecast of the move.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
Only weak execution quality, a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated weak grew net income 63% of the time over the next year (vs 62% for the rest of the cohort, n=2777).
Over the trailing year it converted -0.30x of net income into operating cash flow. Historically, Information Technology names rated fragile grew net income 46% of the time over the next year (vs 65% for the rest of the cohort, n=2129).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, Fed net liquidity, long-term interest rates.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $-0.16 → $-0.20 (-25.0% / 30d). 0 raised, 1 cut, 1 covering analysts.
0 upgrades, 0 downgrades / 30d. 100% of analysts rate Buy.
0 positive, 0 negative / 30d.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$203.
How much price usually moves either way.
On a bad day, this stock has moved -$890.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $6,822.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
risk label changed from 'high' to 'elevated'.
Risk changed. It rose from "high" to "elevated." The sector backdrop remains a tailwind. Recent financial performance is weak. Earnings quality is fragile. Management is volatile.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: A drop in sector revenue growth could signal further challenges for Pixelworks.
Confirms:Sector revenue growth has been below average for two months in a row.
Disproves:Sector revenue growth stays above its median for two consecutive months.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for PXLW yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Results of Operations and Financial Condition. On May 14, 2026, Pixelworks, Inc. (the “Company”) issued a press release announcing financial results for the three month period ended March 31, 2026 and held a conference call to discuss the Company's financial results. The press release and conference call contain forward-looking statements regarding the Company and include cautionary statements identifying important factors that could cause actual results to differ materially from those antici…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Looks cheaper than most peers in the same business.
Self-history needs ~20 months of data.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Semiconductors.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
PXLW Pixelworks Inc | Below typical Show detailsSector percentile: 24 of 100 | inexpensive | elevated |
NVDA NVIDIA Corporation | Above typical Show detailsSector percentile: 86 of 100 | inexpensive | moderate |
TSM Taiwan Semiconductor Manufacturing Co. Ltd. | — | — | moderate |
AVGO Broadcom | Above typical Show detailsSector percentile: 74 of 100 | inexpensive | elevated |
MU Micron Technology | Above typical Show detailsSector percentile: 80 of 100 | expensive | elevated |
15 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Information Technology names rated volatile grew net income 58% of the time over the next year (vs 61% for the rest of the cohort, n=793).
Not investment advice. As of 2026-06-15.
via XLK
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Finalize the sale of Pixelworks Semiconductor Technology (Shanghai) Co., Ltd.
Newly stated in 2026-Q1. The sale of Pixelworks Semiconductor Technology (Shanghai) Co., Ltd. was completed, marking a strategic divestiture. This transaction is expected to impact the company's financials positively, but specific financial outcomes have not been detailed yet.
“Pixelworks completed the sale of PWSH to Tiansui Xinyuan Technology.”
Focus on improving earnings performance following recent earnings misses.
Stated in 2 of last 2 quarters. Revenue decreased from $20.07M in 2023-Q4 to $0 in 2025-Q1, indicating significant challenges in earnings performance. Management has acknowledged earnings misses, but financial recovery remains limited.
Why it matters: The earnings report will show if Pixelworks can improve its weak revenue and quality signals.
Confirms one read:Earnings report shows revenue growth above 5% year over year.
Confirms the other:Earnings report shows revenue growth below 0% year over year.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) On May 20, 2026, at the 2026 Annual Meeting of Shareholders of Pixelworks, Inc. (the "Company"), the Company’s shareholders approved an amendment and restatement of the Company’s Amended and Restated 2006 Stock Incentive Plan (the “Restated Plan”), which had been adopted by the Company’s Board of Directors on April 14, 2026. The primary reason…
Other Events. On March 31, 2026, the Company issued a press release announcing that the Board of Directors of Pixelworks, Inc. (the “Company”), had approved a share repurchase program on March 30. 2026, under which the Company’s Chief Executive Officer and Chief Financial Officer, or either of them, are authorized to direct the purchase up to $5,000,000 of the Company’s common stock over a two-year period beginning May 15, 2026. The purchases may be made in the open market, including in block…
Results of Operations and Financial Condition. On March 12, 2026, Pixelworks, Inc. (the “Company”) issued a press release announcing financial results for the twelve month period ended December 31, 2025 and held a conference call to discuss the Company's financial results. The press release and conference call contain forward-looking statements regarding the Company and include cautionary statements identifying important factors that could cause actual results to differ materially from those…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On January 14, 2026, John Y. Liu submitted his resignation as a director on the board of directors (the “Board”) of Pixelworks, Inc. (the “Company”), effective immediately. Mr. Liu’s resignation is not related to any disagreement relating to the Company’s operations, policies or practices. (d) On January 14, 2026, at the recommendation of the B…
“The company issued a press release announcing financial results and discussed earnings misses.”
“The company issued a press release announcing financial results and discussed earnings misses.”