Spreadtrum PR, 5/04/12
Chinese wireless baseband chipset provider Spreadtrum Communications (Nasdaq: SPRD) today announced its unaudited financial results for the first quarter ended March 31, 2012. Total revenue decreased 16.2% QoQ and 17.5% YoY to USD 161.1 mln, meeting guidance.
Net income shrank 13.0% YoY to reach USD 23.95 mln.
In Q1 2012, sales volume of 2G/2.5G baseband and radio frequency bundle semiconductors increased 16.4% QoQ and 39.1% YoY. Sales volume of 3G bundle semiconductors decreased 37.6% QoQ but increased 104.8% YoY.
In Q1 2012, the average selling price per unit of 2G/2.5G bundle semiconductors decreased 6.0% QoQ and 21.4% YoY. The average selling price per unit of 3G bundle semiconductors decreased 10.1% QoQ and 12.7% YoY.
Spreadtrum expects Q2 2012 revenue to be in the range of USD 170 mln to USD 175 mln, with a gross margin of approximately 37%.
To view Spreadtrum's full earnings report, please click here.