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| Thursday, September 21, 2006 |
Silicon Laboratories Revises Revenue Outlook for the Third Quarter
Silicon Laboratories Inc. (Nasdaq:SLAB) today announced that it is revising its revenue outlook for the third quarter of fiscal 2006, which ends on September 30, 2006. The company now anticipates that revenue for the third quarter will be in the range of $113 to $116 million. The company previously announced that it expected third quarter revenue would be in the range of $122 to $127 million.
Revised third quarter expectations for the mobile handset business include both weaker than expected demand for Aero® transceivers due to prolonged inventory adjustments in China and lower than anticipated sales to some ODMs due to demand shifts at their OEM customers. The broad-based mixed-signal business is also expected to be down slightly sequentially due to weaker than expected analog modem demand.
The company also revised third quarter earnings per share guidance. Diluted net income per share on a GAAP basis is expected to be $0.05 to $0.08. Non-GAAP third quarter diluted net income per share is expected to be $0.22 to $0.25. This excludes anticipated non-cash charges of $0.14 for stock compensation expense and approximately $0.03 for the in process R&D write-off from the StackCom acquisition.
Silicon Laboratories' third quarter financial announcement and conference call are scheduled for October 23rd, at which time the company will discuss results in more detail as well as the outlook for the fourth quarter of fiscal 2006.
About Silicon Laboratories Inc.
Silicon Laboratories Inc. is a leading designer of high-performance, analog-intensive, mixed-signal integrated circuits (ICs) for a broad range of applications. Silicon Laboratories' diverse portfolio of highly integrated, patented solutions is developed by a world-class engineering team with decades of cumulative expertise in cutting-edge mixed-signal design. The company has design, engineering, marketing, sales and applications offices throughout North America, Europe and Asia. |
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