International Rectifier sees Q3 revenue $220M-$235M, consensus $230.19M The company said, “Order trends are starting to improve across all of our end markets with the exception of computing. As a result, we currently expect revenue to range from $220M-$235M. Gross margin is expected to be between 22% and 23% mainly due to low factory utilization and the continued reduction of our inventory. The market indicators are showing encouraging signs that a bottom has formed and demand is slowly starting to improve. As demand returns into the summer, we would expect positive momentum from rising utilization, increasing turns and improving product mix."