Intersil Corporation Reports Second Quarter Results

 

Intersil Corporation

Non-GAAP Results

Unaudited

(In thousands, except percentages)








Quarter Ended


Jul. 1


Apr. 1,


Jul. 3


2016


2016


2015


Q2 2016


Q1 2016


Q2 2015

Non-GAAP gross profit:






  GAAP gross profit

$    79,588


$ 75,960


$   78,493

  Equity-based compensation COS

284


458


436

Non-GAAP gross profit

$    79,872


$ 76,418


$   78,929







Non-GAAP gross margin:






GAAP gross margin

59.4%


58.8%


59.3%

  Excluded items as a percent of revenue

0.2%


0.3%


0.3%

Non-GAAP gross margin

59.6%


59.1%


59.6%







Non-GAAP R&D expenses:






  GAAP R&D expenses

$    34,211


$ 33,678


$   33,098

  Equity-based compensation

(3,834)


(3,103)


(2,658)

Non-GAAP R&D expenses:

$    30,377


$ 30,575


$   30,440







Non-GAAP SG&A expenses:






GAAP SG&A expenses

$    25,248


$ 23,549


$   25,194

  Equity-based compensation

(4,004)


(2,921)


(3,595)

  Acquisition-related costs

-


(585)


-

Non-GAAP SG&A expenses:

$    21,244


$ 20,043


$   21,599







Non-GAAP operating expenses:






GAAP operating expenses

$    77,089


$ 60,755


$   62,318

  Restructuring and related costs

(13,508)


-


-

  Provision for TAOS litigation

(1,255)


-


-

  Equity-based compensation (excl. COS)

(7,838)


(6,024)


(6,253)

  Amortization of purchased intangibles

(2,867)


(3,528)


(4,026)

  Acquisition-related costs

-


(585)


-

Non-GAAP operating expenses

$    51,621


$ 50,618


$   52,039







Non-GAAP operating income:






GAAP operating income

$      2,499


$ 15,205


$   16,175

  Restructuring and related costs

13,508


-


-

  Provision for TAOS litigation

1,255


-


-

  Equity-based compensation

8,122


6,482


6,689

  Amortization of purchased intangibles

2,867


3,528


4,026

  Acquisition-related costs

-


585


-

Non-GAAP operating income

$    28,251


$ 25,800


$   26,890







Non-GAAP operating margin:






GAAP operating margin

1.9%


11.8%


12.2%

  Excluded items as a percent of revenue

19.2%


8.2%


8.1%

Non-GAAP operating margin 

21.1%


20.0%


20.3%


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



Review Article Be the first to review this article
Synopsys: Custom Compiler

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Diversity: Really, who cares
More Editorial  
Jobs
Senior Methodology Automation Engineer for EDA Careers at San Jose, CA
DDR 3-4-5 Developer with VIP for EDA Careers at San Jose, CA
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
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)-337-6870 — 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