Dialog operating profit up on strong demand for fresh smartphones

An attendee takes a photograph of the fresh Apple Inc. iPhone SE smartphone after an event in Cupertino, California.

David Paul Morris | Bloomberg | Getty Images

An attendee takes a photograph of the fresh Apple Inc. iPhone SE smartphone after an event in Cupertino, California.

Dialog Semiconductor reported a 4 percent increase in third-quarter adjusted operating profit on Tuesday as the item benefited through strong demand through makers of next-generation smartphones along with
different consumer electronics devices.

Dialog, which makes chips for Apple Inc along with Samsung Electronics smartphones, reported underlying operating profit of $76.6 million, above average expectations of $72 million in a Reuters poll of analysts.

Revenues came in at $363 million, up 5 percent year-on-year along with 2 percent above the mid-point of the company’s own guidance range of $340-$370 million.

The Anglo-German chipmaker said the item expected fourth-quarter revenues to be $415-$455 million. For the full year the item said gross margins would certainly be “slightly above” 2016, up through an earlier view of which margins would certainly be broadly in line.

Dialog recently completed the acquisition of California-based Silego Technology in a deal worth up to $306 million, strengthening its position from the market for the Internet of Things.

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