Dialog Semiconductor Expects to Report Higher Than Anticipated Revenue in Q3 2020

Rhea-AI Summary

Dialog Semiconductor expects to report revenue of approximately US$386 million for Q3 2020, exceeding previous guidance of US$340 million to US$380 million. This growth is attributed to increased demand for products like PMICs, Bluetooth Low Energy, and CMICs, driven by consumer trends in headphones, fitness trackers, and other devices. The results will be published on November 5, 2020. The company operates a fabless model and had revenue of approximately US$1.4 billion in 2019, with around 2,300 employees globally.

LONDON, UK / ACCESSWIRE / October 6, 2020 / Dialog Semiconductor Plc (XETRA:DLG), expects to report higher than anticipated revenue for the quarter ended 25 September 2020 (Q3 2020).

For Q3 2020 the Company expects to report revenue of approximately US$386 million, above the high end of the revenue guidance range communicated on 5 August 2020, which was US$340 million to US$380 million.

The increase in the expected revenue is due to improving trends across the portfolio, in particular from our PMICs, Bluetooth^(R) Low Energy, and CMICs, driven by the continuing strength of consumer demand for headphones, fitness trackers, digital watches, notebooks, and tablets. We anticipate this trend to continue into Q4 2020.

The Company will publish its results for Q3 2020, on 5 November 2020.

Contact:

Jose Cano
Director, Investor Relations
jose.cano@diasemi.com
+44(0)1793756961

Information and Explanation of the Issuer to this News:

For further information please contact:

Dialog Semiconductor
Jose Cano
Head of Investor Relations
T: +44 (0)1793 756 961
jose.cano@diasemi.com

FTI Consulting London
Matt Dixon
T: +44 (0)2037 271 137
matt.dixon@fticonsulting.com

FTI Consulting Frankfurt
Steffi Kim
T: +49 (0) 17 1556 5996
Steffi.Kim@fticonsulting.com

About Dialog Semiconductor

Dialog Semiconductor is a leading provider of integrated circuits (ICs) that power mobile devices and the Internet of Things. Dialog solutions are integral to some of today's leading mobile devices and the enabling element for increasing performance and productivity on the go. From making smartphones more power efficient and shortening charging times, enabling home appliances to be controlled from anywhere, to connecting the next generation of wearable devices, Dialog's decades of experience and world-class innovation help manufacturers get to what's next.

Dialog operates a fabless business model and is a socially responsible employer pursuing many programs to benefit the employees, community, other stakeholders and the environment we operate in. Dialog Semiconductor plc is headquartered in London with a global sales, R&D and marketing organization. In 2019, it had approximately $1.4 billion in revenue. It currently has approximately 2,300 employees worldwide. The company is listed on the Frankfurt (FWB: DLG) stock exchange (Regulated Market, Prime Standard, ISIN GB0059822006). For more information, visit www.dialog-semiconductor.com.

Forward Looking Statements

This press release contains 'forward-looking statements' that reflect management's current views with respect to future events. The words 'anticipate,' 'believe,' 'estimate', 'expect,' 'intend,' 'may,' 'plan,' 'project' and 'should' and similar expressions identify forward-looking statements. Such statements are subject to risks and uncertainties, including, but not limited to: an economic downturn in the semiconductor and telecommunications markets; changes in currency exchange rates and interest rates, the timing of customer orders and manufacturing lead times, insufficient, excess or obsolete inventory, the impact of competing products and their pricing, political risks in the countries in which we operate or sale and supply constraints. If any of these or other risks and uncertainties occur (some of which are described under the heading 'Managing risk and uncertainty' in Dialog Semiconductor's most recent Annual Report) or if the assumptions underlying any of these statements prove incorrect, then actual results may be materially different from those expressed or implied by such statements. We do not intend or assume any obligation to update any forward-looking statement which speaks only as of the date on which it is made, however, any subsequent statement will supersede any previous statement.

SOURCE: Dialog Semiconductor Plc. via EQS Newswire

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FAQ

What is the expected revenue for Dialog Semiconductor in Q3 2020?

Dialog Semiconductor expects to report approximately US$386 million for Q3 2020.

How does the Q3 2020 revenue compare to previous guidance?

The Q3 2020 revenue of US$386 million exceeds the previous guidance of US$340 million to US$380 million.

When will Dialog Semiconductor publish its Q3 2020 results?

Dialog Semiconductor will publish its Q3 2020 results on November 5, 2020.

What factors are driving the expected revenue increase for Dialog Semiconductor?

The revenue increase is driven by strong consumer demand for products like headphones, fitness trackers, and digital watches.

What was Dialog Semiconductor's revenue in 2019?

Dialog Semiconductor had approximately US$1.4 billion in revenue in 2019.