Atmel Reports First Quarter 2015 Financial Results

(PRNewswire) —  Atmel® Corporation (Nasdaq: ATML), a leader in microcontroller and touch solutions, today announced financial results for its first quarter ended March 31, 2015. 


GAAP



Non-GAAP



Q1 2015

Q4 2014

Q1 2014


Q1 2015

Q4 2014

Q1 2014

Net revenue

$  318.3

$  346.0

$  337.4


$  316.9

$        346.0

$  337.4

Gross margin

46.3%

40.6%

41.5%


47.6%

49.0%

44.0%

Operating margin

6.5%

(1.6%)

1.4%


13.6%

14.1%

8.9%

Net income (loss)

$    16.5

$    (6.5)

$      2.2


$    45.1

$          49.2

$    29.1

Diluted EPS

$    0.04

$  (0.02)

$    0.01


$    0.11

$          0.12

$    0.07


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

Revenue for the first quarter of 2015 was $318.3 million, an 8% decrease compared to $346.0 million for the fourth quarter of 2014, and 6% lower compared to $337.4 million for the first quarter of 2014.   Non-GAAP revenue of $316.9 million for the first quarter 2015 excludes the XSense business which has been exited.  Quarterly results prior to the first quarter of 2015 have not been recast to reflect the exit from the XSense business.

GAAP gross margin was 46.3% in the first quarter of 2015 compared with 40.6% in the fourth quarter of 2014 which included a $26.6 million charge for the impairment of manufacturing assets related to the XSense business, and 41.5% in the first quarter of 2014 which included a $7.1 million loss from manufacturing facility damage and related shutdown.

Non-GAAP gross margin was 47.6% in the first quarter of 2015 compared to 49.0% in the immediately preceding quarter and 44.0% in the first quarter of 2014.  Non-GAAP gross margin excludes the XSense cost of revenue for the first quarter 2015 only.  Refer to the non-GAAP reconciliation table included in this release for more details.

GAAP net income totaled $16.5 million or $0.04 per diluted share for the first quarter of 2015.  This compares to a net loss of $(6.5) million or $(0.02) per diluted share for the fourth quarter of 2014 and net income of $2.2 million or $0.01 per diluted share for the first quarter of 2014.  

1 | 2 | 3 | 4 | 5 | 6  Next Page »



Review Article Be the first to review this article
CST: Webinar November 9, 2017

Aldec

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
DVCon Europe 2017: Munich and So much more
More Editorial  
Jobs
Senior R&D Engineer...Timing Closure Specialist for EDA Careers at San Jose or Anywhere, CA
Senior Front-End RTL Design AE for EDA Careers at San Jose, CA
Technical Support Engineer EU/Germany/UK for EDA Careers at N/A, United Kingdom
Upcoming Events
25th IFIP/IEEE International Conference on Very Large Scale Integration (VLSI-SoC 2017) at Yas Viceroy Abu Dhabi Yas Marina Circuit, Yas Island Abu Dhabi United Arab Emirates - Oct 23 - 25, 2017
ARM TechCon 2017 at Santa Clara Convention Center Santa Clara CA - Oct 24 - 26, 2017
MIPI DevCon Bangalore 2017 at The Leela Palace Bengaluru India - Oct 27, 2017
MIPI DevCon Hsinchu City 2017 at Sheraton Hsinchu Hotel Taiwan - Oct 31, 2017
CST: Webinar series



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise