TriQuint Announces First Quarter 2014 Results

Our earnings release contains forward looking estimates of non-GAAP gross margin and loss per share for the second quarter of 2014. We provide these non-GAAP measures on a prospective basis for the same reasons that we provide them to investors on a historical basis. The following table provides a reconciliation of GAAP gross margin and loss per share to non-GAAP gross margin and earnings per share anticipated for the second quarter of 2014 based on the mid-point of guidance.

     
Forward Looking Q2 GAAP Gross Margin 36.0 %
  Adjustment for stock based compensation charges 1.0 %
Adjustment for charges associated with acquisitions 0.5 %
Forward Looking Q2 non-GAAP Gross Margin 37.5 %
 
Forward Looking Q2 GAAP Net Earnings per Share $ 0.01
Adjustment for stock based compensation charges 0.05
Adjustment for non-cash tax benefit (0.01 )
Adjustment for charges associated with acquisitions 0.02  
Forward Looking Q2 non-GAAP Net Earnings per Share $ 0.07

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