TriQuint 2011年收入增长24%

2011年第一季度总收入为2.243亿美元，non-GAAP净利比同期增长47%。TriQuint公司总裁兼首席执行官Ralph Quinsey说：“展望未来，我期望移动设备继续稳固增长，高性能光纤放大器成为优势，有线电视市场发展良好。”

TriQuint Semiconductor, Inc (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, announces its financial results for the quarter ended April 2, 2011, including the following highlights:

Revenue for the quarter was $224.3 million, up 24% from Q1'10
Mobile Devices quarterly revenue for Q1'11 grew 41% over Q1'10
GAAP Net Income for the quarter was $12.4 million, or $0.07 per diluted share
Non-GAAP Net Income for the quarter was $26.1 million, up more than 47% from Q1'10. Non-GAAP EPS was $0.15 per diluted share
Recognized as a ZTE Supplier of the Year, Compound Semiconductor Europe R&D award recipient, China Electronic News top 10 brand and EE Times Annual Creativity in Electronics finalist for Company of the Year
Introduced new single and dual band WLAN Power Amplifiers that augment the Texas Instruments WiLink? 6.0 and WiLink 7.0 solutions to support strong market demand for WiFi connectivity
Launched three new cable products expanding the transport portfolio
Commenting on the results for the quarter ended April 2, 2011, Ralph Quinsey, President and Chief Executive Officer, stated "Driven by strong demand in the smartphone market, we enjoyed 24% revenue growth and 47% growth in non-GAAP earnings year over year in the first quarter. Looking ahead, I expect continued solid traction in mobile devices, strength in high performance optical amplifiers and good progress in the cable market."

Summary Financial Results for the Quarter Ended April 2, 2011:

Revenue for the first quarter of 2011 was $224.3 million, up 24% from the first quarter of 2010 and down 11% sequentially. Mobile Devices grew 41% year over year while Networks grew 6% year over year.

Gross margin for the first quarter of 2011 was 39.0%, up from 37.9% in the first quarter of 2010 and flat sequentially. On a non-GAAP basis, gross margin for the first quarter was 40.0%, up from 39.0% in the first quarter of 2010 and flat sequentially.

Operating expenses for the first quarter of 2011 were $67.1 million, or 30% of revenue, up from $55.3 million in the first quarter of 2010 and $61.6 million in the previous quarter. Non-GAAP operating expenses for the quarter were $63.2 million or 28% of revenue, including $5.4 million of litigation expense.

Net income for the first quarter of 2011 was $12.4 million, or $0.07 per diluted share. Non-GAAP net income for the first quarter of 2011 was $26.1 million, or $0.15 per diluted share. Please see the discussion of non-GAAP financial measures below and the attached supplemental schedule for a reconciliation of GAAP to non-GAAP financial measures.

Outlook:

The Company believes second quarter revenue will be between $230 million and $240 million. Litigation expense is expected to be approximately $7 million. Second quarter non-GAAP net income is expected to be between $0.16 and $0.18 per share. The Company is 86% booked to the midpoint of revenue guidance.

Additional Information Regarding April 2, 2011 Results:

GAAP and non-GAAP financial measures are presented in the tables below (in millions, except for percentage and per share information). Non-GAAP financial measures are reconciled to the corresponding GAAP financial measures in the financial statement portion of this press release.