RF Micro Devices Reiterates First-Quarter 2006 Guidance

RF Micro Devices Inc. (RFMD, Greensboro, NC), a provider of radio frequency (RF) integrated circuits for wireless communications applications, reiterated financial guidance that it previously provided on April 26, 2005, for its fiscal 2006 first quarter ending June 30, 2005. The company currently anticipates 2006 first-quarter revenue in the mid-$150 million range and expects that gross margins in the 2006 first quarter will increase sequentially. The company also currently expects quarterly GAAP net loss to be in the range of $0.03 to $0.04 per share and quarterly pro-forma net loss to be in the range of $0.02 to $0.03 per share.

The company indicated that its cellular business unit, which includes power amplifiers and transceivers for handsets, is currently expected to post sequential growth over the prior quarter ended March 31, 2005, with first-quarter 2006 order rates currently tracking ahead of the fiscal 2005 first quarter, ended June 30, 2004. Additionally, the company stated that all major air interface standards within its power amplifier business are poised for growth with GSM/GPRS, EDGE, CDMA and wideband CDMA all booked for sequential growth. Finally, the company also indicated its EDGE transceiver shipments had surpassed five million chipsets to date, and it continues to expect total shipments for the June 2005 quarter to exceed two million chipsets.