Please wait while we load the requested 10-Q report or click the link below:
For investor information contact:
Heidi Flannery, Investor Relations
Volterra Reports Record Quarterly Revenue
FREMONT, Calif., Apr. 23, 2012 Volterra Semiconductor Corporation (Nasdaq: VLTR), a leading provider of high-performance analog and mixed-signal power management semiconductors, today reported financial results for its first quarter ended March 31, 2012.
Net revenue for the first quarter of 2012 was a record $42.1 million, a 23% increase from $34.2 million in the first quarter of 2011, and an 8% increase from $38.8 million in the fourth quarter of 2011. GAAP net income was $6.2 million, or $0.23 per share (diluted), a 131% increase from $2.7 million, or $0.10 per share (diluted) in the first quarter of 2011, and a 9% increase from $5.7 million, or $0.22 per share (diluted), in the fourth quarter of 2011.
Volterra also reported net income and basic and diluted net income per share on a non-GAAP basis. Non-GAAP net income excludes the effect of stock-based compensation expense, net of tax. Non-GAAP net income was $8.6 million, or $0.32 per share (diluted), in the first quarter of 2012, an 87% increase from $4.6 million, or $0.18 per share (diluted), in the first quarter of 2011, and a 10% increase from $7.8 million, or $0.30 per share (diluted), in the fourth quarter of 2011.
We are pleased to report a record quarter for revenues, driven by the early stages of a server ramp and an improved notebook business, said Volterra President and CEO Jeff Staszak. We expect revenue growth and market share growth from the Romley server and Chief River notebook ramps to continue throughout the year.
Earnings Conference Call
Volterra will be conducting a conference call today at 2:30 p.m. (PDT). To access the conference call, investors can dial (877) 303-1595 approximately ten minutes prior to the initiation of the teleconference. International and local participants can dial (253) 237-1134. Investors should reference Volterra. A digital replay of the conference call will be available until midnight on Monday, April 30, 2012. To access the replay, investors should dial (855) 859-2056 or (404) 537-3406 and enter access code 67079761#. A webcast of the conference call also will be available from the Investors section of the Companys website at: http://www.volterra.com until midnight on Monday, May 21, 2012.
About Volterra Semiconductor Corporation
Volterra Semiconductor Corporation, headquartered in Fremont, CA, designs, develops, and markets leading edge silicon solutions for low-voltage power delivery. The Companys product portfolio is focused on advanced switching regulators for the computer, datacom, storage, and portable markets. Volterra operates as a fabless semiconductor company utilizing world-class foundries for silicon supply. The Company is focused on creating products with high intellectual property content that match specific customer needs. For more information, please visit http://www.volterra.com.
The following information was filed by Volterra Semiconductor Corp (VLTR) on Monday, April 23, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one quarter to another to evaluate Volterra Semiconductor Corp's financial trajectory
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were
removed , and by Volterra Semiconductor Corp.