DGAP-Adhoc

Dialog Semiconductor Plc. revises down its revenue and gross margin outlook for the full year

Dialog Semiconductor Plc. / Key word(s): Forecast

03.05.2016 22:24

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London, UK, 3 May 2016 - Dialog Semiconductor plc (XETRA: DLG), a provider
of highly integrated power management, AC/DC power conversion, solid state
lighting and Bluetooth(R) Smart wireless technology, today revises down its
outlook for the full year 2016.

On 11 January 2016, Dialog indicated that it expected single digit
percentage year-on-year overall revenue growth for the full year 2016.
However, as a result of the continuing softness in smartphone market
demand, the company now anticipates revenue for the full year 2016 to
decline high single digit percentage year-on-year. In line with historic
seasonality, we expect revenue performance for the full year to be strongly
weighted towards the second half of the year. We expect growth momentum in
our Connectivity and Power Conversion products to remain strong through
2016.

In line with the revenue performance, we expect underlying gross margin
percentage for the full year to be slightly below the level achieved in
2015. The effect of the lower anticipated revenue in the full year 2016
will be partially offset by rigorous control of operating expenses in the
period.

Based on our current visibility, we anticipate revenue for Q2 2016 to
improve sequentially from Q1 2016 and to be in the range of $240 to $260
million. On the basis of this revenue guidance, gross margin in Q2 2016
will be flat to marginally above Q1 2016.


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Information and Explanation of the Issuer to this News:

For further information please contact:


Dialog Semiconductor
Jose Cano
Head of Investor Relations
T: [phone]
[e-mail]


FTI Consulting London
Matt Dixon
T: [phone]
[e-mail]

FTI Consulting Frankfurt
Anja Meusel
T: [phone]
[e-mail]

Note to editors
Dialog Semiconductor provides highly integrated standard (ASSP) and custom
(ASIC) mixed-signal integrated circuits (ICs), optimised for smartphone,
tablet, IoT, LED Solid State Lighting (SSL) and Smart Home applications.
Dialog brings decades of experience to the rapid development of ICs while
providing flexible and dynamic support, world-class innovation and the