HILLSBORO, Oregon -- Compound semiconductor manufacturer TriQuint Semiconductor Inc. increased its guidance for revenue, gross margin and earnings for the third quarter of 2003 on Wednesday (September 10, 2003), citing "very strong" demand from wireless phone applications. The company also provided an improved revenue outlook for Q4 2003.
TriQuint made a net loss of $59.6 million on sales of $72.8 million in the second quarter and forecast its revenue for the quarter ending September 30, 2003, would be in the range of $70 million to $74 million (see July 24 story).
The company said Wednesday that it now expects its third quarter revenue to be between $75 million and $77 million and to be at the high end of the range for revenue guidance for the fourth quarter of 2003, which is a range of $72 million to $76 million.
"We are updating and raising our guidance for Q3 2003 because our shipments and bookings have been very strong so far this quarter. End market demand for our products for wireless phone applications has been robust," said Ralph Quinsey, TriQuint's president and chief executive officer, in a statement.