8 March 2010


RFMD raises revenue guidance to $240–245m

RF Micro Devices Inc of Greensboro, NC, USA has raised its revenue guidance for fiscal fourth-quarter 2010 (ending 3 April) to $240–245m (up 41% on a year ago). This is down 3% on fiscal Q3/2010’s $250.3m, but better than normal industry seasonality (fiscal Q4/2009 was down 14.7% on Q3/2009, and fiscal Q4/2008 was down 17.2% on Q3/2008).

As a result of the increase in revenue guidance, RFMD hence also expects non-GAAP earnings per share of $0.11–0.12, down slightly from $0.14 per diluted share last quarter but, again, an improvement on a year ago (a loss of $0.10 per diluted share).

RFMD says that it is experiencing broad-based strength in its core business this quarter, with current customer demand significantly outpacing original expectations in both the cellular products group (CPG) and multi-market products group (MPG).

The firm adds that it is seeing particular strength in China and Korea and expects continued market share gains across leading cellular baseband providers and handset manufacturers this calendar year.

RFMD is presenting tomorrow (9 March, at 2.15 pm EST) at the Raymond James 31st Annual Institutional Investors Conference in Orlando, FL, USA.

See related item:

RFMD grows revenue 24% year-on-year

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