TAIPEI – Pegatron Technology reported consolidated revenues of $2.9 billion for June, up 33.3% year-over-year and 40.3% sequentially.

Second quarter consolidated revenues were $7 billion, down 3.2% compared to the same quarter last year, and down 12.2% sequentially.

The company's first-half consolidated revenues were $15 billion, down 2.3% year-over-year.

Pegatron downgraded its second quarter shipment forecast as a result of weak demand visibility, but the electronics manufacturer expects 2016 revenues to remain above $31 billion.