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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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of TriQuint Semiconductor. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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