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RFMD Announces Record September Quarterly Revenue
RF Micro Devices Inc. (RFMD), a provider of proprietary radio frequency integrated circuits (RFIC) for wireless communications applications, announced that its September 2005 quarterly revenue will exceed its original guidance, which was provided on July 26, 2005.
Based upon its preliminary assessment of its financial results, RF Micro Devices announced its September 2005 quarterly revenue will be approximately $177 M, which exceeds its original guidance for revenue in the low- to mid-$170 M range. RFMD attributes its record September quarterly revenue to both sequential growth and market share gains in the markets for cellular power amplifiers and cellular transceivers. During the September quarter, RFMD's POLARIS™ TOTAL RADIO™ cellular transceiver chipsets grew sequentially in revenue and unit volume and represented more than 10 percent of quarterly revenue for the first time in company history.
"We achieved record revenue for the September quarter, and we entered the December quarter with record backlog," said Bob Bruggeworth, president and CEO of RFMD. "We currently expect sequential revenue growth in the December quarter from power amplifiers, transceivers and Bluetooth® products. We believe our markets remain healthy, and we're benefiting from the strong overall handset market, new product ramps and market share gains."