Atmel Reports Second Quarter 2015 Financial Results

(PRNewswire) —  Atmel® Corporation (Nasdaq: ATML), a leader in microcontroller and touch solutions, today announced financial results for its second quarter ended June 30, 2015. 


GAAP


Non-GAAP


Q2 2015

Q1 2015

Q2 2014


Q2 2015

Q1 2015

Q2 2014

Net revenue

$         306.4

$    318.3

$    355.5


$        306.3

$     316.9

$     355.5

Gross margin

46.1%

46.3%

45.4%


47.0%

47.6%

45.3%

Operating margin

4.8%

6.5%

7.4%


11.6%

13.6%

11.5%

Net income

$             6.3

$       16.5

$       19.2


$          33.7

$       45.1

$       38.3

Diluted EPS

$           0.02

$       0.04

$       0.05


$          0.08

$       0.11

$       0.09


(In millions, except earnings per share data and percentages)

Revenue for the second quarter of 2015 was $306.4 million, a 4% decrease compared to $318.3 million for the first quarter of 2015, and 14% lower compared to $355.5 million for the second quarter of 2014.  Non-GAAP revenue for the second quarter of 2015 was $306.3 million.

GAAP gross margin was 46.1% in the second quarter of 2015 compared with 46.3% in the first quarter of 2015, and 45.4% in the second quarter of 2014.

Non-GAAP gross margin was 47.0% in the second quarter of 2015 compared to 47.6% in the immediately preceding quarter and 45.3% in the second quarter of 2014.  Refer to the non-GAAP reconciliation table included in this release for more details.

GAAP net income totaled $6.3 million or $0.02 per diluted share for the second quarter of 2015.  This compares to net income of $16.5 million or $0.04 per diluted share for the first quarter of 2015 and net income of $19.2 million or $0.05 per diluted share for the second quarter of 2014.  

Non-GAAP net income for the second quarter of 2015 totaled $33.7 million or $0.08 per diluted share, compared to non-GAAP net income of $45.1 million or $0.11 per diluted share in the first quarter of 2015, and $38.3 million or $0.09 per diluted share for the second quarter of 2014. Refer to the non-GAAP reconciliation table included in this release for more details.

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