DGAP-News

Dialog Semiconductor Plc.: REPORTS FIRST QUARTER RESULTS ENDED 1 APRIL 2016.Company delivers first quarter revenue at the high-end of guidance - Seite 2

expanding our technology portfolio for emerging high volume product areas.
These investments will strengthen our competitive position, broaden our
customer base and underpin our expectation of return to revenue growth in
2017 and beyond."

Outlook

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.

In line with historic seasonality, we expect revenue performance for the
full year to be strongly weighted towards the second half of the year.
However, as a result of the continuing softness in smartphone market
demand, we now anticipate revenue for the full year 2016 to decline high
single digit percentage year-on-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 FY 2016 will be
partially offset by rigorous control of operating expenses in the period.

Financial overview

IFRS                                    First Quarter
US$ million                             2016              2015      Var.
Revenue                                         241.4     311.2        -22%
Gross margin                                    44.6%     46.0%     -140bps
R&D %(1)                                        23.8%     17.3%     +650bps
SG&A %(1)                                       15.1%     11.0%     +410bps
Other operating income %(2)                     56.9%         -          nm
Operating profit                                151.2      55.6       +172%
Operating margin                                62.6%     17.9%          nm
Net income                                      142.9      38.8       +268%
Basic EPS $                                      1.89      0.57       +232%
Diluted EPS $                                    1.80      0.53       +240%
Cash flow from operating activities             107.1     119.6        -10%

Underlying                              First Quarter
US$ million                             2016              2015      Var.
Revenue                                         241.4     311.2        -22%
Gross margin                                    45.5%     46.6%     -110bps
R&D %(1)                                        22.3%     16.0%     +630bps
SG&A %(1)                                       10.9%      8.0%     +290bps
Adjusted EBITDA                                  41.0      80.2        -49%