Dialog Semiconductor reports better than expected results for the second quarter of 2020. According to company statements on Wednesday, sales were $ 302 million, 4 percent higher than forecast and 10 percent higher than last year. The results fell, however, which is partly due to special effects from the same period of the previous year. Dialog Semiconductor reports a drop in earnings per share from $ 2.20 to $ 0.45, adjusted for quarterly earnings per share from $ 0.86 to $ 0.69. The TecDAX-listed company puts its operating profit on an adjusted basis at $ 62.4 million compared to $ 82.1 million in the same quarter of the previous year.
“Sales in the second quarter exceeded our forecast from May. The reason for this was a stronger than expected demand for tablets, notebooks and wearables. We achieved strong sales growth in the second quarter compared to the previous quarter and increased our adjusted operating income by 89 percent, ”said Wissam Jabre, Chief Financial Officer of Dialog Semiconductor. “With the completion of the Adesto acquisition after the end of the second quarter, we are closer to our goal of greater diversification,” said Jalal Bagherli, chief executive officer of the chip manufacturer.
Including Adesto, Dialog is forecasting sales of $ 340 million to $ 380 million in the current third quarter of 2020. The adjusted gross margin should be around the level of the second quarter.
On the stock exchange, the Dialog share is currently gaining more than 4.6 percent to 42.59 euros.
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