Intersil Corporation Reports Fourth Quarter and Year End Results

Company provides long-term target operating model

(PRNewswire) —   Intersil Corporation (NASDAQ: ISIL), a leading provider of innovative power management and precision analog solutions, today announced financial results for the fourth quarter and the year ended January 2, 2015.  

Company Highlights

  • 2014 revenue stabilized and was $562.6 million, down 2% compared to the prior year.
  • Gross margin improved again in the fourth quarter, and for the year was up 310 basis points on a GAAP basis and 300 basis points on a non-GAAP basis compared to 2013.
  • Operating income increased significantly from the prior year, resulting in a non-GAAP operating margin of 21.3% for 2014 compared to 16% in 2013.
  • Diluted GAAP earnings per share increased from $0.02 to $0.41 in 2014 and non-GAAP earnings per share increased from $0.59 to $0.73.

Financial Results
Revenue for the fourth quarter was down as expected to $131.1 million, a nine percent sequential decline. Intersil's consumer, computing, and industrial and infrastructure revenue declined sequentially in the fourth quarter due in part to weaker than seasonal demand.  For the full year, industrial and infrastructure grew by nearly six percent as a result of strong growth in power management and automotive products. Consumer revenue was down meaningfully for the year primarily due to weakness in gaming and the deliberate de-emphasis of low margin products. Revenue from the computing end market was down one percent for the year. The breakdown by end market for the quarter was as follows:


Q4 2014


Q3 2014


Q4 2013

End Market Revenue

$M


%


$M


%


$M


%

Industrial & Infrastructure

85.0


65%


91.1


63%


87.1


60%

Computing

25.9


20%


31.4


22%


30.5


21%

Consumer

20.2


15%


21.1


15%


28.4


19%

Total Revenue

$131.1




$143.6




$146.0















Table 1. Intersil End Market Mix

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



Review Article Be the first to review this article
Featured Video
Editorial
Jobs
Product Design Engineer - Softgoods for Apple Inc at Cupertino, California
GIS Specialist for Schneider Geospatial at Indianapolis, Indiana
Assistant Professor in Applied GIS for University of San Diego at San Diego, California
ASIC Architects and Hardware Engineers at D. E. Shaw Research for D. E. Shaw Research at New York, New York
Senior Highway Engineer for RS&H at Jacksonville, Florida
Upcoming Events
Canadian Manufacturing Technology Show 2021 at The International Centre (Hall 2) 6900 Airport Road Mississauga, Ontario L4V 1E8 Canada - Oct 4 - 7, 2021
Houstex 2021 at George R. Brown Convention Center Houston TX - Oct 5 - 7, 2021
Autodesk University 2021 | Free digital conference at United States - Oct 5 - 14, 2021
HxGN Live Design & Engineering 2021 - Virtual at United Kingdom - Oct 12 - 14, 2021



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise