GigaMedia Ltd. provided earnings guidance for the second quarter of 2012. For the quarter, the company expects revenues decreased 14% quarter-over-quarter to approximately $7.1 million, in line with the company's guidance. Gross margin, excluding IAHGames Held steady compared to the first quarter at approximately 66%, as expected.

Loss from operations increased quarter-over-quarter to approximately $2.5 million, in line with expectations.