The 10-second takeaway
For the quarter ended June 29 (Q2), TriQuint Semiconductor beat slightly on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP loss per share shrank. GAAP loss per share grew.
Gross margins expanded, operating margins expanded, net margins contracted.
TriQuint Semiconductor logged revenue of $190.1 million. The 11 analysts polled by S&P Capital IQ looked for revenue of $188.0 million on the same basis. GAAP reported sales were 6.8% higher than the prior-year quarter's $178.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.07. The 11 earnings estimates compiled by S&P Capital IQ forecast -$0.11 per share. Non-GAAP EPS were -$0.07 for Q2 against -$0.09 per share for the prior-year quarter. GAAP EPS were -$0.09 for Q2 against -$0.08 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 29.8%, 360 basis points better than the prior-year quarter. Operating margin was -8.6%, 210 basis points better than the prior-year quarter. Net margin was -7.8%, 50 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $228.4 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $867.8 million. The average EPS estimate is -$0.10.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 568 members out of 586 rating the stock outperform, and 18 members rating it underperform. Among 90 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 85 give TriQuint Semiconductor a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TriQuint Semiconductor is hold, with an average price target of $6.33.
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