Intersil Corporation Reports First Quarter Results

 

Intersil Corporation

Non-GAAP Results

Unaudited

(In thousands, except percentages)








Quarter Ended


Apr. 1,


Jan. 1,


Apr. 3, 


2016


2016


2015


Q1 2016


Q4 2015


Q1 2015

Non-GAAP gross profit:






  GAAP gross profit

$ 75,960


$ 72,919


$   80,326

  Equity-based compensation COS

458


268


392

Non-GAAP gross profit

$ 76,418


$ 73,187


$   80,718







Non-GAAP gross margin:






GAAP gross margin

58.8%


57.6%


59.9%

  Equity-based compensation COS

0.3%


0.2%


0.3%

Non-GAAP gross margin

59.1%


57.8%


60.2%







Non-GAAP R&D expenses:






  GAAP R&D expenses

$ 33,678


$ 29,983


$   32,017

Equity-based compensation

(3,103)


(2,368)


(2,751)

Non-GAAP R&D expenses:

$ 30,575


$ 27,615


$   29,266







Non-GAAP SG&A expenses:






GAAP SG&A expenses

$ 23,549


$ 22,784


$   25,453

Equity-based compensation

(2,921)


(2,512)


(2,613)

Acquisition-related costs

(585)


-


-

Non-GAAP SG&A expenses:

$ 20,043


$ 20,272


$   22,840







Non-GAAP operating expenses:






GAAP operating expenses

$ 60,755


$ 57,028


$ 144,131

  Provision for TAOS litigation

-


-


(81,100)

  Equity-based compensation (excl. COS)

(6,024)


(4,880)


(5,364)

  Amortization of purchased intangibles

(3,528)


(4,261)


(5,561)

Acquisition-related costs

(585)


-


-

Non-GAAP operating expenses

$ 50,618


$ 47,887


$   52,106







Non-GAAP operating income:






GAAP operating income (loss)

$ 15,205


$ 15,891


$ (63,805)

  Provision for TAOS litigation

-


-


81,100

  Equity-based compensation

6,482


5,148


5,756

  Amortization of purchased intangibles

3,528


4,261


5,561

Acquisition-related costs

585


-


-

Non-GAAP operating income

$ 25,800


$ 25,300


$   28,612







Non-GAAP operating margin:






GAAP operating margin

11.8%


12.5%


(47.6%)

  Excluded items as a percent of revenue

8.2%


7.5%


68.9%

Non-GAAP operating margin 

20.0%


20.0%


21.3%


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



Review Article Be the first to review this article
Aldec

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Diversity: Really, who cares
More Editorial  
Jobs
DDR 3-4-5 Developer with VIP for EDA Careers at San Jose, CA
Senior Methodology Automation Engineer for EDA Careers at San Jose, CA
Senior Front-End RTL Design AE for EDA Careers at San Jose, CA
Senior R&D Engineer...Timing Closure Specialist for EDA Careers at San Jose or Anywhere, CA
Proposal Support Coordinator for Keystone Aerial Surveys at Philadelphia, PA
Upcoming Events
11th International Conference on Verification and Evaluation of Computer and Communication Systems at 1455 DeMaisonneuve W. EV05.139 Montreal Quebec Canada - Aug 24 - 25, 2017
The Rise of Mechatronics at Dassault Systèmes San Diego 5005 Wateridge Vista Drive San Diego CA - Sep 12, 2017
The Rise of Mechatronics at Buca di Beppo - Pasadena 80 West Green Street Pasadena CA - Sep 13, 2017
S2C: FPGA Base prototyping- Download white paper



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 Policy