TriQuint Announces Second Quarter 2014 Results

Our earnings release contains forward looking estimates of non-GAAP gross margin and loss per share for the third quarter of 2014. We provide these non-GAAP measures on a prospective basis for the same reasons that we provide them to investors on a historical basis. The following table provides a reconciliation of GAAP gross margin and loss per share to non-GAAP gross margin and earnings per share anticipated for the third quarter of 2014 based on the mid-point of guidance.

 
Forward Looking Q3 GAAP Gross Margin 42.0 %
  Adjustment for stock based compensation charges 1.0 %
Adjustment for charges associated with acquisitions 1.0 %
Forward Looking Q3 non-GAAP Gross Margin 44.0 %
 
Forward Looking Q3 GAAP Operating Expenses (in millions) $ 82.7
Adjustment for stock based compensation charges (5.0 )
Adjustment for charges associated with acquisitions (7.7 )
Forward Looking Q3 non-GAAP Operating Expenses $ 70.0
 
Forward Looking Q3 GAAP Net Earnings per Share $ 0.10
Adjustment for stock based compensation charges 0.04
Adjustment for non-cash tax expense 0.02
Adjustment for charges associated with acquisitions 0.08  
Forward Looking Q3 non-GAAP Net Earnings per Share $ 0.24
 

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