TriQuint Semiconductor Hits Estimates, but GAAP Results Lag Last Year's

Seth Jayson, The Motley Fool
Updated

TriQuint Semiconductor (NAS: TQNT) reported earnings on April 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), TriQuint Semiconductor met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted and GAAP earnings per share contracted significantly.


Margins dropped across the board.

Revenue details
TriQuint Semiconductor reported revenue of $216.7 million. The 10 analysts polled by S&P Capital IQ anticipated a top line of $214.6 million on the same basis. GAAP reported sales were 3.4% lower than the prior-year quarter's $224.3 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.02. The 10 earnings estimates compiled by S&P Capital IQ averaged $0.02 per share. GAAP EPS of $0.01 for Q1 were 86% lower than the prior-year quarter's $0.07 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 29.4%, 960 basis points worse than the prior-year quarter. Operating margin was 0.6%, 1,090 basis points worse than the prior-year quarter. Net margin was 0.9%, 460 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $178.7 million. On the bottom line, the average EPS estimate is -$0.14.

Next year's average estimate for revenue is $819.6 million. The average EPS estimate is -$0.10.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 608 members out of 625 rating the stock outperform, and 18 members rating it underperform. Among 99 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 98 give TriQuint Semiconductor a green thumbs-up, and one gives 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 $6.84.

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At the time thisarticle was published 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 ofMotley 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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