Dialog Semiconductor Q4 profit declinesChristian Fernsby ▼ | March 4, 2020
Dialog Semiconductor reported that its fourth quarter net income declined 23% year on year to $44.8 million.
Dialog Semiconductor Fourth quarter revenue was down 12% at $381 million
Topics: Dialog Semiconductor
Fourth quarter revenue was down 12% at $381 million.
The decline in revenue was driven by the lower revenue from licensed main PMIC products.
For the first quarter, the company expects revenue to be in the range of $220 million to $250 million and underlying gross margin to be slightly above first quarter of 2019.
For fiscal 2020, revenue excluding licensed main PMICs is expected to grow approximately mid teens percentage in line with the company's long term financial targets.
Excluding any revenue from the announced acquisition of Adesto, total Group revenue is anticipated to decline from prior year by approximately mid teens percentage points.
Underlying gross margin is expected to continue on a gradual upward trend. ■