UK Apple supplier Dialog Semiconductor has posted revised (unaudited) Q4 2018 revenues of $431 million, at the lower end of a guidance range of $430 – $470 million communicated to the market on October 31, 2018.
Dialog Semiconductor, based in Reading, will post its audited results for Q4 on March 6, 2019. The results suggests the immediate impact of Apple’ recent market travails may not be as dire, at least for this British supplier, as some analysts had anticipated.
Dialog said in a trading update: “Unaudited preliminary revenue for the full year 2018 was approximately US$1,442 million. Advanced Mixed Signal and Connectivity delivered strong year-on-year revenue growth due to the contribution from the acquisition of Silego Technology (completed on 1 November 2017) as well as strong year-on-year revenue growth in rapid charge and Bluetooth low energy products.”
The company added: “Dialog remains a highly cash generative business and at 31 December 2018 the Company anticipates a cash and cash equivalents balance of approximately US$678 million, representing a year-on-year increase of approximately US$199 million, and no debt.”