News Article
TriQuint's 3rd Q results improved sequentially with 13% revenue growth
TriQuint has announced its financial results for the quarter ended September 29, 2012, including the following highlights:
Revenue for the quarter was $200.8 million
GAAP net loss for the quarter was $11.2 million, or $(0.07) per share
Non-GAAP net income for the quarter was $2.5 million, or $0.02 per share
Grew MMPA design wins - 2nd generation device delivers 15% more browsing time
Released the world's first dual-channel 40/100G driver for high speed optical networks
Won new DARPA contract to achieve 3x GaN Power Handling
Received Raytheon 3-Star supplier award
Captured design win in Small Cell base station application
Commenting on the results for the quarter ended September 29, 2012, Ralph Quinsey, President and Chief Executive Officer, stated "TriQuint's third quarter results improved sequentially with 13% revenue growth driven by increased demand from our major smartphone customers and order strength for infrastructure and defense products. We are expecting ten to twelve percent revenue growth in the fourth quarter with continued strength in each of our major markets but with pressure on gross margins due to planned inventory reductions."
www.triquint.com.
