LONDON – Dialog Semiconductor plc (Kirchheim-unter-Teck, Germany), a provider of power management, wireless and audio ICs, has announced it has increased it guidance for fourth-quarter sales by 14 percent after a stronger-than-anticipated end of year.
Dialog said it saw a late surge in demand for ICs to go into smartphone and tablet computers. In what is traditionally the strongest revenue quarter, the company now expects to report 4Q12 revenue of $268 million, up 56 percent on the same quarter a year before and a 14 percent increase from the upper end of the $215 million to $235 million outlook range given on 31 October 2012.
Dialog said it now expects its full year revenue to be $774 million, representing 47 percent growth over 2011. Dialog expects an increase in cash and cash equivalents of $34 million in Q4 2012 to provide a cash and cash equivalent balance at the end of 2012 of $313 million.