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Tuesday, October 23, 2012


Quarterly Highlights:
  • September 2012 Quarterly Revenue Increases Sequentially To $209.7 Million
  • GAAP Gross Margin Equals 31.7% And Non-GAAP Gross Margin Expands 110 Basis Points To 35.2%
  • GAAP Diluted EPS Is ($0.06), And Non-GAAP Diluted EPS Is $0.03
  • RFMD Anticipates Revenue Of Approximately $245 Million And Non-GAAP EPS Of Approximately $0.06 In The December 2012 Quarter
RF Micro Devices, Inc. (Nasdaq GS: RFMD), a global leader in the design and manufacture of high-performance radio frequency components and compound semiconductor technologies, today reported financial results for the Company's fiscal 2013 second quarter, ended September 29, 2012.
RFMD's second quarter revenue increased sequentially by approximately 3.5% to $209.7 million, versus $202.7 million in the prior quarter. The sequential revenue growth was primarily the result of sales growth in RFMD's Cellular Products Group (CPG), reflecting diversification, category expansion, and content gains in 3G/4G components.
On a GAAP basis, gross margin totaled 31.7%, quarterly operating loss was ($10.2) million, and quarterly net loss was ($16.5) million, or ($0.06) per diluted share. On a non-GAAP basis, gross margin expanded 110 basis points sequentially to 35.2%, quarterly operating income totaled $9.2 million, and quarterly net income was $7.8 million, or $0.03 per diluted share.

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