Accessible version US Semiconductors 3Q Diversified Semi Preview: stability, but no sign of broad-based inflection yet Price Objective Change Expect in-line Q3/Q4 prints that are above seasonal trends We preview on-cycle diversified semi earnings where expectations for a broad-based recovery YTD have encountered a tepid demand backdrop suggesting relatively stable trends in CQ3/Q4. Diversified semi sales, in aggregate, are expected to grow 6.5% QoQ in C3Q (figure 7), 180bps above seasonality, while consensu ...