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Wireless

Dialog Semiconductor cuts FY outlook on smartphone slump

Thursday 28 July 2016 | 12:21 CET | News
Dialog Semiconductor has cut its full-year outlook due to the slowdown in the smartphone market. In May it forecast a high single-digit percentage decline in annual revenue in 2016, but it now expects around a 15 percent fall. In line with the revenue performance, the gross margin is expected to be down compared to 2015. The reduced outlook comes alongside second-quarter results showing net earnings down 60 percent to USD 0.22 per share, and underlying operating profit down 53 percent to USD 33.2 million. Revenue fell 22 percent to USD 246 million, but was in line with its forecast in May.

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Categories: Mobile & Wireless
Companies: Dialog Semiconductor
Countries: World
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