SUPPLEMENTAL RECONCILIATION OF GAAP TO NON-GAAP RESULTS (Unaudited) (In thousands, except per share amounts) Three Months Ended Nine Months Ended September 30, 2006 September 30, 2006 ------------------ ------------------ GAAP GROSS PROFIT $ 32,835 31.8% $ 90,341 31.4% Adjustment for equity compensation charges 702 0.7% 2,279 0.8% ------------------ ------------------ GROSS PROFIT EXCLUDING EQUITY COMPENSATION $ 33,537 32.5% $ 92,620 32.2% GAAP OPERATING INCOME $ 7,212 7.0% $ 12,348 4.3% Adjustment for equity compensation charges within: Cost of sales 702 0.7% 2,279 0.7% Research, development and engineering 414 0.4% 1,288 0.4% Selling, general and administrative 1,089 1.1% 3,503 1.2% ------------------ ------------------ OPERATING INCOME EXCLUDING EQUITY COMPENSATION $ 9,417 9.1% $ 19,418 6.8% GAAP NET INCOME $ 8,081 7.8% $ 15,975 5.6% Adjustment for equity compensation charges within: Cost of sales 702 0.7% 2,279 0.7% Research, development and engineering 414 0.4% 1,288 0.4% Selling, general and administrative 1,089 1.1% 3,503 1.2% ------------------ ------------------ NET INCOME EXCLUDING EQUITY COMPENSATION $ 10,286 10.0% $ 23,045 8.0% GAAP DILUTED EARNINGS PER SHARE $ 0.06 $ 0.11 Adjustment for equity compensation charges 0.01 0.05 ----------- ----------- DILUTED EARNINGS PER SHARE EXCLUDING EQUITY COMPENSATION $ 0.07 $ 0.16 GAAP COMMON SHARES ASSUMING DILUTION 140,118 141,476 Adjustment for equity compensation charges 1,206 1,306 ----------- ----------- COMMON SHARES ASSUMING DILUTION EXCLUDING EQUITY COMPENSATION 141,324 142,782
Contact:
TriQuint Semiconductor, Inc.
Stephanie Welty
VP
of Finance & Administration, CFO
Tel: (503) 615-9224
Fax:
(503) 615-8904
Email Contact
or
Fi.
Comm
Heidi A. Flannery
Investor Relations Counsel
Tel:
(541) 322-0230
Fax: (541) 322-0231
Email Contact