DGAP-News
Dialog Semiconductor Plc.: REPORTS FIRST QUARTER RESULTS ENDED 1 APRIL 2016.Company delivers first quarter revenue at the high-end of guidance
DGAP-News: Dialog Semiconductor Plc. / Key word(s): Quarter Results
Dialog Semiconductor Plc.: REPORTS FIRST QUARTER RESULTS ENDED 1 APRIL
2016.Company delivers first quarter revenue at the high-end of guidance
04.05.2016 / 07:30
The issuer is solely responsible for the content of this announcement.
Dialog Semiconductor Plc.: REPORTS FIRST QUARTER RESULTS ENDED 1 APRIL
2016.Company delivers first quarter revenue at the high-end of guidance
04.05.2016 / 07:30
The issuer is solely responsible for the content of this announcement.
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London, UK, 4 May 2016 - Dialog Semiconductor plc (FWB: DLG), a provider of
highly integrated power management, AC/DC power conversion, solid state
lighting and Bluetooth(R) Smart wireless technology, today reports results
for the quarter ended 1 April 2016.
Q1 2016 financial highlights
- Revenue of $241.4 million, at the high-end of guidance
- Power Conversion revenue up 28% over Q1 2015 to $24.0 million
- Gross margin at 44.6%. Underlying gross margin at 45.5%, in line with
guidance
- $137.3 million Atmel termination fee in other operating income
- Adjusted EBITDA (**) up 142% over Q1 2015 to $165.9 million or 69% of
revenue. Underlying (*) adjusted EBITDA (**) down 49% over Q1 2015 to
$41.0 million or 17% of revenue
- Operating profit up 172% over Q1 2015 to $151.2 million or 63% of
revenue
- Basic and diluted EPS up 232% and 240% respectively over Q1 2015.
Underlying (*) basic and diluted EPS down 64% and 61% respectively over
Q1 2015
- $662 million of cash and cash equivalents
Q1 2016 operational highlights
- Continued design win momentum for Power Management with custom and
standard products at leading smartphone and tablet OEMs
- Strengthened our leadership position in the mobile adapter rapid charge
market
- LED Solid State Lighting portfolio expansion with new products launched
- New design wins for our Bluetooth(R) Smart SoC for watches, fitness
bands and gaming
- Good momentum in China smartphone market with sub-PMIC ASSP through
platform integration with MediaTek
Commenting on the results Dialog Chief Executive, Dr Jalal Bagherli, said:
"We have made encouraging progress at the start of 2016 in the context of
the expected softening of the smartphone market, achieving revenue
performance at the top end of our guidance range. I am particularly pleased
with Power Conversion's strong progress, where we continue to build on our
leadership position in the smartphone fast charging market.
Underpinning our mid-term organic growth opportunity, we have an increasing
number of custom-designed (ASIC) opportunities for our core technologies
with a variety of Tier 1 customers. In support of these opportunities, we
are making focused investments in research and development and are
London, UK, 4 May 2016 - Dialog Semiconductor plc (FWB: DLG), a provider of
highly integrated power management, AC/DC power conversion, solid state
lighting and Bluetooth(R) Smart wireless technology, today reports results
for the quarter ended 1 April 2016.
Q1 2016 financial highlights
- Revenue of $241.4 million, at the high-end of guidance
- Power Conversion revenue up 28% over Q1 2015 to $24.0 million
- Gross margin at 44.6%. Underlying gross margin at 45.5%, in line with
guidance
- $137.3 million Atmel termination fee in other operating income
- Adjusted EBITDA (**) up 142% over Q1 2015 to $165.9 million or 69% of
revenue. Underlying (*) adjusted EBITDA (**) down 49% over Q1 2015 to
$41.0 million or 17% of revenue
- Operating profit up 172% over Q1 2015 to $151.2 million or 63% of
revenue
- Basic and diluted EPS up 232% and 240% respectively over Q1 2015.
Underlying (*) basic and diluted EPS down 64% and 61% respectively over
Q1 2015
- $662 million of cash and cash equivalents
Q1 2016 operational highlights
- Continued design win momentum for Power Management with custom and
standard products at leading smartphone and tablet OEMs
- Strengthened our leadership position in the mobile adapter rapid charge
market
- LED Solid State Lighting portfolio expansion with new products launched
- New design wins for our Bluetooth(R) Smart SoC for watches, fitness
bands and gaming
- Good momentum in China smartphone market with sub-PMIC ASSP through
platform integration with MediaTek
Commenting on the results Dialog Chief Executive, Dr Jalal Bagherli, said:
"We have made encouraging progress at the start of 2016 in the context of
the expected softening of the smartphone market, achieving revenue
performance at the top end of our guidance range. I am particularly pleased
with Power Conversion's strong progress, where we continue to build on our
leadership position in the smartphone fast charging market.
Underpinning our mid-term organic growth opportunity, we have an increasing
number of custom-designed (ASIC) opportunities for our core technologies
with a variety of Tier 1 customers. In support of these opportunities, we
are making focused investments in research and development and are
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