Enphase Energy Reports Financial Results for the Third Quarter of 2016

PETALUMA, Calif., Nov. 01, 2016 -- Enphase Energy, Inc.(ENPH), a global energy technology company, announced today financial results for the third quarter ended September 30, 2016.
 
Enphase Energy reported total revenue for the third quarter of 2016 of $88.7 million, an increase of 12 percent compared to the second quarter of 2016. During the third quarter of 2016, Enphase sold 204MW (AC) or 869,000 microinverters, an increase in MW of 10 percent compared to the second quarter of 2016. GAAP gross margin for the third quarter of 2016 was 17.9 percent and non-GAAP gross margin was 18.2 percent.
 
GAAP operating expense for the third quarter of 2016 was $33.6 million and non-GAAP operating expense was $28.6 million. GAAP operating loss for the third quarter of 2016 was $17.7 million and non-GAAP operating loss was $12.4 million. GAAP net loss for the third quarter of 2016 was $18.8 million, or a net loss of $0.40 per share. On a non-GAAP basis, net loss was $13.4 million, or a net loss of $0.28 per share.
Read more: Enphase Energy Inc ( ENPH )

Amkor Technology Reports Financial Results for the Third Quarter 2016

TEMPE, Ariz.-- Amkor Technology, Inc. (AMKR), a leading provider of semiconductor packaging and test services, today announced financial results for the third quarter ended September 30, 2016.
 
"Third quarter results were at the high end of our guidance," said Steve Kelley, Amkor's president and chief executive officer. "We saw notable strength in smartphones across multiple tiers. Sales in Automotive, Greater China and advanced SiP were all up sequentially reflecting the continued success of our strategic initiatives in these key areas. Our 18% sequential growth in sales generated substantial cash and profits for the quarter.”
Read more: Amkor Technology Inc ( AMKR )

TTM Technologies, Inc. Reports Third Quarter 2016 Results

COSTA MESA, Calif., Oct. 26, 2016  -- TTM Technologies, Inc. (TTMI), a leading global printed circuit board (“PCB”) manufacturer, today reported results for the third quarter 2016, which ended September 26, 2016. 
 
Third Quarter 2016 Highlights
Net sales were $641.7 million
GAAP net income attributable to stockholders was $25.6 million, or $0.23 per diluted share
Non-GAAP net income attributable to stockholders was $40.1 million, or $0.39 per diluted share
Adjusted EBITDA was $102.2 million
Third Quarter 2016 Financial Results 
Net sales for the third quarter of 2016 were $641.7 million, compared to $652.0 million in the third quarter of 2015 and $601.8 million in the second quarter of 2016.
Read more: TTM Technologies Inc ( TTMI )

NXP Delivers Enhanced Security Solution to Protect Personal Data for Payment and eGovernment Services

EINDHOVEN, Netherlands, Sept. 29, 2016  -- NXP Semiconductors N.V. (NXPI) today unveiled its next generation of SmartMX2 P60 Step-Up! that offers customers unique security features such as PUF (Physical Unclonable Function) anti-cloning technology for higher encryption key protection.
 
Today, many Smart City initiatives seek to make urban living simpler, safer and healthier. These initiatives drive greater demand for secure technologies to protect individual and financial credentials. To address this demand, NXP’s new SmartMX2 P60 Step-Up! Secure Element provides secure authentication and confidential data exchange.
Read more: NXP Semiconductors NV ( NXPI )

Renesas to Acquire Intersil to Create the World’s Leading Embedded Solution Provider

TOKYO & MILPITAS, Calif. -- Renesas Electronics Corporation (“Renesas”, TSE: 6723), a premier supplier of advanced semiconductor solutions, and Intersil Corporation (“Intersil”, NASDAQ:ISIL), a leading provider of innovative power management and precision analog solutions, today announced they have signed a definitive agreement for Renesas to acquire Intersil for US$22.50 per share in cash, representing an aggregate equity value of approximately US$3.2 billion (approximately 321.9 billion yen at an exchange rate of 100 yen to the dollar). The transaction has been unanimously approved by the boards of directors of both companies. Closing of the transaction is expected in the first half of 2017, following approval by Intersil shareholders and the relevant governmental authorities.
 
The acquisition combines two long-standing industry leaders in their respective segments. Together, Renesas’ and Intersil’s deep expertise across a number of state-of-the-art technologies and end markets will enable the combined company to become a complete solution provider of embedded systems to customers.
Read more: Intersil Corporation ( ISIL )

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