TriQuint Semiconductor, Inc., a leading RF solutions supplier and technology innovator, announces its financial results for the quarter ended September 27, 2014, including the following highlights:

  • Revenue grew 18 percent sequentially to $272.1 million
  • GAAP gross margin was 45.5 percent; non-GAAP was 46.6 percent, up 8.6 percent year-on-year
  • GAAP net income was $0.14 per diluted share, non-GAAP net income was $0.28 per share
  • Premium filter revenue grew rapidly, supporting over 50 unique customers
  • Base station revenue up 54 percent year to date compared to 2013 on continued LTE build out
  • GaN performance, cost and capacity goals completed as part of the 
  • Expected merger RFMD anticipated to close this year; Qorvo name announced

Commenting on the results, Ralph Quinsey, president and chief executive officer, stated, "Our financial results in the third quarter were well above expectations due to strong demand and an improved product mix driven by a strategic focus on delivering high performance solutions in each of our markets. The success we are seeing today is due to years of investment in BAW/SAW and high performance GaAs/GaN technologies. We continue to see robust demand and are raising our outlook for the fourth quarter. We remain on track to launch a new combined company, Qorvo, with the merger of TriQuint and RFMD expected to close by year end."