News Wire

TriQuint Reports Q4

HILLSBORO, Ore. — TriQuint Semiconductor, Inc. (NASDAQ:TQNT), a leading RF solutions supplier and technology innovator, announces its financial results for the quarter and year ended December 31, 2010, including the following highlights:

• Revenue for the quarter was $253.4 million, up 7% from Q3'10 and 31% from Q4'09
• Revenue for the year was a record $878.7 million
• Mobile Devices quarterly revenue grew 12% from Q3'10 and 34% from Q4'09
• Networks revenue for Q4'10 grew 50% over Q4'09 and 2010 revenue grew 54% over 2009
• Non-GAAP Net Income for the quarter was $42.8 million, or $0.25 per diluted share, up nearly 90% from Q4'09
• Complete 3G RF front-end selected by Samsung for its popular Galaxy Tab and Galaxy S smartphone series
• Honored by Raytheon Space and Airborne Systems (SAS) with Supplier Excellence Award
• Released 77 GHz chipset portfolio used in Delphi Automotive motion detection products
• Nearly tripled our 40 Gb/s optical revenue and a key supplier to Europe's first 100 Gb/s optical data link
• Announced availability of first TRIUMF™ Multi-Mode Power Amplifier (MMPA) module

Commenting on the results for the quarter ended December 31, 2010, Ralph Quinsey, President and Chief Executive Officer, stated, “TriQuint turned in record 2010 financial results growing revenue 34%. GAAP net income for the year grew almost 12 fold and non-GAAP earnings almost tripled. I am very pleased with the performance of the Company. With the world transitioning to a mobile Internet, I expect a strong market and see another solid growth year for TriQuint in 2011.”

{complink 5757|TriQuint Semiconductor Inc.}

0 comments on “TriQuint Reports Q4

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.