DLG.DE - Dialog Semiconductor Plc

XETRA - XETRA Delayed price. Currency in EUR
36.04
+0.74 (+2.10%)
As of 9:26AM CEST. Market open.
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Previous close35.30
Open35.97
Bid36.04 x N/A
Ask36.08 x N/A
Day's range35.76 - 36.20
52-week range17.12 - 48.38
Volume19,075
Avg. volume597,784
Market cap2.498B
Beta (5Y monthly)0.96
PE ratio (TTM)9.05
EPS (TTM)3.98
Earnings date05 Aug 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est30.15
  • EQS Group

    Dialog Semiconductor Plc.: Battery Management Webcast Invite 4th June 2020

    DGAP-News: Dialog Semiconductor Plc. / Key word(s): Miscellaneous 26.05.2020 / 18:30 The issuer is solely responsible for the content of this announcement. Dialog Semiconductor (XETRA: DLG), a provider of highly integrated power management, Configurable Mixed-signal IC, AC/DC power conversion, solid state lighting and Bluetooth(R) low energy technology, will host a webcast on battery management on Thursday 4th June 2020. Dr Jalal Bagherli, Chief Executive Officer of Dialog Semiconductor, and Vivek Bhan, Senior Vice President (SVP) and General Manager (GM), Custom Mixed Signal will host the webcast.Davin Lee, SVP and GM, Advanced Mixed Signal and Wissam Jabre, Chief Financial Officer and SVP, Finance will join for the Q&A session.The webcast will be conducted in English and will begin at 15.00 (London) / 16.00 (Frankfurt).Please see below for call details.Webcast LinkClick on the link above to attend the presentation from your laptop, tablet or mobile device. Audio will stream through your selected device, so be sure to have headphones or your volume turned up. A full replay of the presentation will be available at the same link shortly after the conclusion of the live presentation. Contact: Jose Cano Director, Investor Relations jose.cano@diasemi.com +44(0)1793756961 * * *26.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * Language: English Company: Dialog Semiconductor Plc. Tower Bridge House, St. Katharine's Way E1W 1AA London United Kingdom Phone: +49 7021 805-412 Fax: +49 7021 805-200 E-mail: jose.cano@diasemi.com Internet: www.dialog-semiconductor.com ISIN: GB0059822006 WKN: 927200 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1055623 End of News DGAP News Service

  • Stock market volatility: Here's a mid-cap worth a closer look
    Stockopedia

    Stock market volatility: Here's a mid-cap worth a closer look

    Shares in Dialog Semiconductor (ETR:DLG) are currently trading at 32.33 but the question for investors is how much the market chaos of 2020 will impact on its...

  • Chipmaker Dialog seeks to make Bluetooth coronavirus apps more accurate
    Reuters

    Chipmaker Dialog seeks to make Bluetooth coronavirus apps more accurate

    Chipmaker Dialog Semiconductor Plc on Monday introduced software to improve the accuracy of wristbands and other Bluetooth-based devices businesses are adopting to enforce social distancing and help trace those who were in contact with people who test positive for coronavirus infection. Several companies including Ford Motor Co are beginning to have workers put on smartwatches, lanyards or devices that are outfitted with technology aimed at preventing further outbreaks of the novel coronavirus. Many of the systems use devices' Bluetooth signals to estimate the distance between workers, and some of the gadgets show an alert when workers get too close.

  • EQS Group

    Dialog Semiconductor Plc.: Announcement related to the first interim (six weeks) settlement of the second tranche of shares pursuant to the share buyback programme authorised by shareholders at the annual general meeting on 2 May 2019.

    DGAP-News: Dialog Semiconductor Plc. / Key word(s): Share Buyback 18.05.2020 / 18:30 The issuer is solely responsible for the content of this announcement. London, UK, May 18, 2020 - Dialog Semiconductor Plc (XTRA:DLG) reports that, pursuant to the second tranche of the share buyback programme announced by the Company on March 3, 2020, the Company has purchased the following ordinary shares in the Company from HSBC Bank plc:Date of purchase Number of ordinary shares purchased by the Company in the first settlement of the second tranche of the 2019 buyback programme Average price per share (EUR) in the first settlement of the second tranche of the 2019 buyback programme Total number of ordinary shares purchased by the Company in the second tranche of the 2019 buyback programme Total number of ordinary shares purchased by the Company under the the 2019 buyback programme May 18, 2020 654,087 25.7173 654,087 3,788,982 Further information on the Company's share buyback programme is available on the Company's website at:http://www.dialog-semiconductor.com/investor-relations/financial-news/share-buybacksDialog and the Dialog logo are registered trademarks of Dialog Semiconductor Plc or its subsidiaries. All other product or service names are the property of their respective owners. (c) Copyright 2020 Dialog Semiconductor All Rights ReservedFor further information please contact: Dialog Semiconductor Jose Cano Head of Investor Relations T: +44 (0)1793 756 961 jose.cano@diasemi.comFTI Consulting London Matt Dixon T: +44 (0)2037 271 137 matt.dixon@fticonsulting.comFTI Consulting Frankfurt Anja Meusel T: +49 (0) 69 9203 7120 Anja.Meusel@fticonsulting.comAbout Dialog Semiconductor Dialog Semiconductor is a leading provider of integrated circuits (ICs) that power mobile devices and the Internet of Things. Dialog solutions are integral to some of today's leading mobile devices and the enabling element for increasing performance and productivity on the go. From making smartphones more power efficient and shortening charging times, enabling home appliances to be controlled from anywhere, to connecting the next generation of wearable devices, Dialog's decades of experience and world-class innovation help manufacturers get to what's next. Dialog operates a fabless business model and is a socially responsible employer pursuing many programs to benefit the employees, community, other stakeholders and the environment we operate in. Dialog Semiconductor plc is headquartered in London with a global sales, R&D and marketing organization. In 2019, it had approximately $1.4 billion in revenue. It currently has approximately 2,000 employees worldwide. The company is listed on the Frankfurt (FWB: DLG) stock exchange (Regulated Market, Prime Standard, ISIN GB0059822006). For more information, visit www.dialog-semiconductor.com.Forward Looking Statements This press release contains "forward-looking statements" that reflect management's current views with respect to future events. The words "anticipate," "believe," "estimate", "expect," "intend," "may," "plan," "project" and "should" and similar expressions identify forward-looking statements. Such statements are subject to risks and uncertainties, including, but not limited to: an economic downturn in the semiconductor and telecommunications markets; changes in currency exchange rates and interest rates, the timing of customer orders and manufacturing lead times, insufficient, excess or obsolete inventory, the impact of competing products and their pricing, political risks in the countries in which we operate or sale and supply constraints. If any of these or other risks and uncertainties occur (some of which are described under the heading "Managing risk and uncertainty" in Dialog Semiconductor's most recent Annual Report) or if the assumptions underlying any of these statements prove incorrect, then actual results may be materially different from those expressed or implied by such statements. We do not intend or assume any obligation to update any forward-looking statement which speaks only as of the date on which it is made, however, any subsequent statement will supersede any previous statement. Contact: Jose Cano Director, Investor Relations jose.cano@diasemi.com +44(0)1793756961 * * *18.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * Language: English Company: Dialog Semiconductor Plc. Tower Bridge House, St. Katharine's Way E1W 1AA London United Kingdom Phone: +49 7021 805-412 Fax: +49 7021 805-200 E-mail: jose.cano@diasemi.com Internet: www.dialog-semiconductor.com ISIN: GB0059822006 WKN: 927200 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1049901 End of News DGAP News Service

  • EQS Group

    Dialog Semiconductor Adds New Features to Bluetooth(R) low energy SoCs to Reduce Spread of COVID-19 (news with additional features)

    DGAP-News: Dialog Semiconductor Plc. / Key word(s): Product Launch 18.05.2020 / 08:00 The issuer is solely responsible for the content of this announcement. Latest software release enables point-to-point wireless distance measurements, enabling highly accurate tracing capabilities for its DA1469x Bluetooth(R) low energy product family to support new social distancing normsLondon, United Kingdom - May 18, 2020 - Dialog Semiconductor plc (XETRA:DLG), a leading provider of battery management, AC/DC power conversion, Wi-Fi(R), Bluetooth(R) low energy and Industrial ICs, today announced a new Wireless Ranging (WiRa(TM)) Software Development Kit (SDK) that adds highly accurate and reliable distance measurement capabilities to its DA1469x family of BLE SoCs.The need for more accurate and reliable distance measurement and tracing technology has become even more critical in the wake of COVID-19. With businesses across the globe planning a controlled reopening of their workplaces, they are looking for solutions that will help guarantee safe distances between employees and improved contact tracing capabilities, to ensure safe working environments and peace of mind for employees.Current Bluetooth low energy market solutions for distance measurement and positioning are based on measuring the strength or power of the received radio signal, known as Received Signal Strength Indicator (RSSI) measurements. However, these received power measurements may be inherently flawed due to the sensitivity of objects in the radio path blocking or reflecting the radio signals.Dialog's new Wireless Ranging SDK succeeds where RSSI falls short, leveraging a proprietary radar-like implementation for highly improved distance measurement accuracy between BLE connected devices. By interleaving Bluetooth LE data packets with constant tone frequency exchanges, the DA1469x on-chip 2.4 GHz radio generates the signals needed for phase-based ranging. The high resolution on-chip sampling of radio waves provides high quality IQ samples that form the input for distance determination. Data processing algorithms filter the data for noise, interference and reflections, to produce the shortest over-the-air signal path length as an accurate distance output.The BLE compliant stack and WiRa(TM) software implementation that Dialog offers does not require hardware adaptations or an external host processor, ensuring co-existence between the Bluetooth communication and the distance measurement process."Dialog's Bluetooth low energy solutions are already finding their way into a variety of products to help slow the spread of COVID-19", said Sean McGrath, Senior Vice President, Connectivity and Audio Business Group. "By adding unique, accurate distance measurement capabilities to our DA1469x SoCs, we expect to accelerate more tracing type applications and products into deployment on a global scale over the next few months. My expectation and hope is that this may help to significantly slow or stop the spread of the virus."For more information, documentation and SDK download please, visit: https://www.dialog-semiconductor.com/products/connectivity/bluetooth-low-energy/products/smartbond-wireless-ranging-SDK ENDSNOTES Dialog, the Dialog logo, SmartBond are WiRa are trademarks of Dialog Semiconductor plc or its subsidiaries. All other product or service names are the property of their respective owners. (c) Copyright 2020 Dialog Semiconductor. All rights reserved. Media Contact: Mark Tyndall SVP Corporate Development & Strategy Dialog Semiconductor Phone: +1 (408) 845 8520 mark.tyndall@diasemi.com Web: www.dialog-semiconductor.com Twitter: @DialogSemi About Dialog Semiconductor Dialog Semiconductor is a leading provider of integrated circuits (ICs) powering Internet of Things and Industry 4.0 applications. Dialog's solutions are integral to some of today's leading smartphones and facilitate increased performance and productivity on the go. From making smartphones more power efficient and shortening charging times, to enabling home appliances to be controlled from anywhere, to connecting the next generation of wearable devices, Dialog's decades of experience and world-class innovation help manufacturers get to what's next.Dialog operates a fabless business model and is a socially responsible employer pursuing many programs to benefit its employees, community, other stakeholders and environment. Dialog is headquartered near London with a global sales, R&D and marketing organization. In 2019, it had approximately $1.42 billion in revenue and is consistently one of the fastest growing European public semiconductor companies. It currently has approximately 2,100 employees worldwide. The company is listed on the Frankfurt (FWB: DLG) stock exchange (Regulated Market, Prime Standard, ISIN GB0059822006)For more information, visit www.dialog-semiconductor.com. Contact: Jose Cano Director, Investor Relations jose.cano@diasemi.com +44(0)1793756961* * *Additional features: Picture: http://newsfeed2.eqs.com/dialog-semiconductor/1048695.html Subtitle: Dialog Adds New Features to Bluetooth SoC's to reduce spread of Covis-19 * * *18.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * Language: English Company: Dialog Semiconductor Plc. Tower Bridge House, St. Katharine's Way E1W 1AA London United Kingdom Phone: +49 7021 805-412 Fax: +49 7021 805-200 E-mail: jose.cano@diasemi.com Internet: www.dialog-semiconductor.com ISIN: GB0059822006 WKN: 927200 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1048695 End of News DGAP News Service

  • EQS Group

    Dialog Semiconductor Extends IoT Connectivity Portfolio with New Ultra-Low-Power Wi-Fi SoC.The DA16200's VirtualZero(TM) technology enables always-on IoT devices to achieve years of battery life while maintaining continuous Wi-Fi connections. (news with additional features)

    DGAP-News: Dialog Semiconductor Plc. / Key word(s): Product Launch 11.05.2020 / 04:00 The issuer is solely responsible for the content of this announcement. London, United Kingdom - May 11, 2020 - Dialog Semiconductor plc (XETRA:DLG), a leading provider of battery management, AC/DC power conversion, Wi-Fi(R), Bluetooth(R) low energy and Industrial ICs, today announced the availability of the DA16200, a highly-integrated, ultra-low-power Wi-Fi networking SoC, and two modules that leverage Dialog's VirtualZero technology to deliver a breakthrough in battery life for Wi-Fi connected, battery-powered IoT devices.The rise of IoT products, including connected door locks, thermostats and security video cameras, that require "always on" connectivity with a continuous Wi-Fi connection has challenged engineers to develop solutions that don't compromise battery life. Unlike competing Wi-Fi SoCs, the DA16200 is specifically optimized to support such battery-powered IoT devices. The DA16200's VirtualZero technology enables such a low level of power consumption that even continuously connected devices can typically achieve at least a year of battery life. In fact, three to five years of battery life is common.The SoC utilizes an algorithm-driven design to provide the lowest power solution for facilitating an extended battery life, while also maintaining a continuous Wi-Fi connection to ensure that end users always maintain control of their devices.The highly integrated DA16200 runs the entire Wi-Fi system, security and networking protocol stack, eliminating the need for an external network processor, CPU or microcontroller. It contains an 802.11b/g/n radio (PHY), baseband processor, MAC, on-chip memory, dedicated encryption engine and an ARM(R) Cortex(R)-M4F host networking applications processor, all on a monolithic silicon die.To achieve extended range without compromising battery life, the DA16200 also features an integrated power amplifier (PA) and low-noise amplifier (LNA), offering users industry-leading output power and receiver sensitivity.Alongside the SoC, Dialog is also launching two DA16200-based modules that deliver flexibility and design options for implementing Wi-Fi simply and easily, ensuring all customers can benefit from the SoC's high level of integration and programmable ease of use. Both modules include 4MB flash memory and all required RF components, including a crystal oscillator, RF-lumped filter and either a chip antenna or a u.FL connector for an external antenna.The modules are fully certified for worldwide operation, including certifications for FCC, IC, CE, Telec, Korea and SRRC. Additionally, both the SoC and modules are Wi-Fi CERTIFIED(R) for interoperability."As a proven leader in Bluetooth(TM) low energy connectivity, shipping upwards of 100 million units annually, these new Wi-Fi products further strengthen our position," said Sean McGrath, Senior VP, Connectivity and Audio Business Group, Dialog Semiconductor. "Delivering Wi-Fi on a battery isn't solely about achieving extended battery lifetime; it's about enabling IoT developers to unlock the full potential of smart devices by delivering low-power functionality in conjunction with always-on connectivity. That's the breakthrough the IoT market sorely needs and that the new SoC and modules provide."The DA16200 SoC and modules are equipped with industry-leading security protocols, including the latest generation hardware encryption engine and authentication standards for safeguarding against potential threats. Each of these products meets WPA/2/3 Personal and Enterprise standards and features upper layer security for TLS and HTTPs. Additionally, the SoC and modules can be securely booted and debugged and provide secure asset storage.Evaluation boards and a complete software development kit (SDK) are now available for the DA16200 SoC and modules via DigiKey. The SDK includes sample applications, provisioning apps, AT command library, power management tools and more.For more information on these devices, please visit: https://www.dialog-semiconductor.com/products/da16200.ENDSNOTESDialog, the Dialog logo, VirtualZero are trademarks of Dialog Semiconductor plc or its subsidiaries. All other product or service names are the property of their respective owners. (c) Copyright 2020 Dialog Semiconductor. All rights reserved.Media Contact: Mark Tyndall SVP Corporate Development & Strategy Dialog Semiconductor Phone: +1 (408) 845 8520 mark.tyndall@diasemi.com Web: www.dialog-semiconductor.com Twitter: @DialogSemi About Dialog Semiconductor Dialog Semiconductor is a leading provider of integrated circuits (ICs) powering Internet of Things and Industry 4.0 applications. Dialog's solutions are integral to some of today's leading smartphones and facilitate increased performance and productivity on the go. From making smartphones more power efficient and shortening charging times, to enabling home appliances to be controlled from anywhere, to connecting the next generation of wearable devices, Dialog's decades of experience and world-class innovation help manufacturers get to what's next.Dialog operates a fabless business model and is a socially responsible employer pursuing many programs to benefit its employees, community, other stakeholders and environment. Dialog is headquartered near London with a global sales, R&D and marketing organization. In 2019, it had approximately $1.42 billion in revenue and is consistently one of the fastest growing European public semiconductor companies. It currently has approximately 2,100 employees worldwide. The company is listed on the Frankfurt (FWB: DLG) stock exchange (Regulated Market, Prime Standard, ISIN GB0059822006)For more information, visit www.dialog-semiconductor.com. Contact: Jose Cano Director, Investor Relations jose.cano@diasemi.com +44(0)1793756961* * *Additional features: Picture: http://newsfeed2.eqs.com/dialog-semiconductor/1040467.html Subtitle: Making Wi-Fi Integration Childs Play * * *11.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * Language: English Company: Dialog Semiconductor Plc. Tower Bridge House, St. Katharine's Way E1W 1AA London United Kingdom Phone: +49 7021 805-412 Fax: +49 7021 805-200 E-mail: jose.cano@diasemi.com Internet: www.dialog-semiconductor.com ISIN: GB0059822006 WKN: 927200 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1040467 End of News DGAP News Service

  • EQS Group

    Dialog Semiconductor's First Combo Wi-Fi and BLE Module Points the Way for a New Wave of IoT Connectivity. (news with additional features)

    DGAP-News: Dialog Semiconductor Plc. / Key word(s): Product Launch 11.05.2020 / 04:00 The issuer is solely responsible for the content of this announcement. Two-in-one module leverages the new DA16200 VirtualZero(TM) Wi-Fi technology with SmartBond(TM) TINY DA14531 Bluetooth for best-in-class battery life with ease of configurabilityLondon, United Kingdom - May 11, 2020 - Dialog Semiconductor plc (XETRA:DLG), a leading provider of battery management, AC/DC power conversion, Wi-Fi(R), Bluetooth(R) low energy and Industrial ICs, today announced the DA16600, a module that uniquely combines Dialog's market-leading Wi-Fi and BLE capabilities into a single solution. This two-in-one module is comprised of two groundbreaking SoCs, the newly announced DA16200 and the SmartBond(TM) TINY DA14531, to provide best-in-class, low-power Wi-Fi and BLE for customers and further broaden Dialog's IoT connectivity portfolio.The DA16200 SoC was purpose built for battery-powered IoT applications, including connected door locks, thermostats, security cameras and other devices that require an "always on" Wi-Fi connection, but may be only used sporadically. Its VirtualZero(TM) technology enables the industry's lowest level of power consumption for Wi-Fi connectivity, so that even continuously connected devices can achieve up to five years of battery life in many use cases. To give designers maximum flexibility at the lowest cost, the DA16600 module also leverages the capabilities of the SmartBond TINY DA14531, acknowledged as the world's smallest and lowest power Bluetooth SoC.This combo Wi-Fi and BLE module offers a reliable firmware solution with the combination of the two complex protocol stacks, eliminating issues often caused by the co-existence of two radios at 2.4 GHz in the same design. BLE provides ease of configurability for Wi-Fi in the application, greatly simplifying the task of Wi-Fi set up for the end user. Given its optimized design, all that is required to incorporate the module into an embedded IoT product is a simple set of guidelines provided by Dialog. Finally, the customer has the additional advantage of no longer having to source two independent SoCs for their application."We recognized that many of our customers could benefit from a more integrated two-in-one solution that could further reduce development time and costs for their IoT devices," said Sean McGrath, Senior Vice President, Connectivity and Audio Business Group, Dialog Semiconductor. "By combining our successful BLE solution with our brand new Wi-Fi VirtualZero technology into one easy-to-use and configured module, we are delivering the most value to our customers, giving them the best of both worlds with a single solution."The module is fully certified for worldwide operation, including certifications for FCC, IC, CE, Telec, Korea and SRRC. It is also Wi-Fi CERTIFIED(R) for interoperability.Evaluation boards and a complete software development kit (SDK) are available for the DA16600 module via DigiKey. The SDK includes sample applications, provisioning apps, AT command library, power management tools and more.For more information on this module, please visit: https://www.dialog-semiconductor.com/products/da16600-modules.ENDSNOTESDialog, the Dialog logo, SmartBond and SmartBond TINY and VirtualZero are trademarks of Dialog Semiconductor plc or its subsidiaries. All other product or service names are the property of their respective owners. (c) Copyright 2020 Dialog Semiconductor. All rights reserved.Media Contact: Mark Tyndall SVP Corporate Development & Strategy Dialog Semiconductor Phone: +1 (408) 845 8520 mark.tyndall@diasemi.com Web: www.dialog-semiconductor.com Twitter: @DialogSemi About Dialog Semiconductor Dialog Semiconductor is a leading provider of integrated circuits (ICs) powering Internet of Things and Industry 4.0 applications. Dialog's solutions are integral to some of today's leading smartphones and facilitate increased performance and productivity on the go. From making smartphones more power efficient and shortening charging times, to enabling home appliances to be controlled from anywhere, to connecting the next generation of wearable devices, Dialog's decades of experience and world-class innovation help manufacturers get to what's next.Dialog operates a fabless business model and is a socially responsible employer pursuing many programs to benefit its employees, community, other stakeholders and environment. Dialog is headquartered near London with a global sales, R&D and marketing organization. In 2019, it had approximately $1.42 billion in revenue and is consistently one of the fastest growing European public semiconductor companies. It currently has approximately 2,100 employees worldwide. The company is listed on the Frankfurt (FWB: DLG) stock exchange (Regulated Market, Prime Standard, ISIN GB0059822006)For more information, visit www.dialog-semiconductor.com. Contact: Jose Cano Director, Investor Relations jose.cano@diasemi.com +44(0)1793756961* * *Additional features: Picture: http://newsfeed2.eqs.com/dialog-semiconductor/1040469.html Subtitle: Best of Wi-Fi meets Best of BL * * *11.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * Language: English Company: Dialog Semiconductor Plc. Tower Bridge House, St. Katharine's Way E1W 1AA London United Kingdom Phone: +49 7021 805-412 Fax: +49 7021 805-200 E-mail: jose.cano@diasemi.com Internet: www.dialog-semiconductor.com ISIN: GB0059822006 WKN: 927200 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1040469 End of News DGAP News Service

  • EQS Group

    Dialog Semiconductor reports results for the first quarter ended 27 March 2020. Q1 2020 revenue at the high-end of the guidance range at US$248 million, underlying gross margin at 50.4%, and strong balance sheet.

    DGAP-News: Dialog Semiconductor Plc. / Key word(s): Quarter Results 06.05.2020 / 07:30 The issuer is solely responsible for the content of this announcement. London, UK, 6 May 2020 - Dialog Semiconductor Plc (XETRA: DLG) today reports unaudited results for the first quarter ended 27 March 2020. IFRS basis (unaudited) Underlying basis1 (unaudited) US$ millions unless stated otherwise Q1 2020 Q1 2019 Q1 2020 Q1 2019 Change Revenue 248.5 294.9 248.5 294.9 -16% Gross margin 49.8% 49.3% 50.4% 49.6% +80bps Operating expenses2 114.8 124.9 95.2 103.7 -8% Operating profit 17.5 25.3 33.0 47.2 -30% Operating margin 7.0% 8.6% 13.3% 16.0% -270bps Diluted EPS $0.19 $0.23 $0.39 $0.49 -20% Free cash flow (59.0) 28.0 1 Underlying measures and free cash flow quoted in this Press Release are non-IFRS measures (see page 5).2 Comprising SG&A and R&D expenses.Q1 2020 Financial highlights\- Revenue of US$248 million at the high end of the guidance range and 16% below Q1 2019.\- Gross margin at 49.8% (Q1 2019: 49.3%) and underlying gross margin at 50.4% (Q1 2019: 49.6%) slightly ahead of the March guidance.\- Operating profit of US$17.5 million (Q1 2019: US$25.3 million) and underlying operating profit of US$33.0 million 30% below Q1 2019.\- Diluted EPS of US$0.19 (Q1 2019: US$0.23) and underlying diluted EPS of US$0.39 (Q1 2019: US$0.49).\- On 3 March 2020, the Company announced a second tranche of the 2019 Buyback Programme for an amount of €70 to €90 million.\- Q1 2020 cash outflow from operating activities of US$49.0 million (Q1 2019: cash inflow US$41.6 million) included US$50 million recoupment of the prepayment and higher income tax paid.\- At the end of Q1 2020, we held cash and cash equivalents of US$965 million (Q1 2019: US$690 million).\- On 20 February 2020, the Company announced it had signed a definitive agreement to acquire Adesto Technologies, broadening its presence in the Industrial IoT market.Q1 2020 Operational highlights\- Continued design-in momentum at our largest customer for the development and supply of a number of mixed-signal integrated circuits. Revenue from awarded high-volume contracts is expected to begin with new smartphones for the second half of 2021. In addition, we are progressing on a number of designs scheduled for 2022 production.\- Growing opportunity for next generation Battery Management systems in consumer IoT and mobile.\- Revenue excluding licensed main PMIC was up 34% year-on-year.\- As part of the Industrial IoT strategy, we launched the latest member of our IO-Link product family, the CCE4503.\- Q1 2020 revenue from AC/DC charging products was up 22% year-on-year, led by growth in rapid charge products.\- Increased our footprint in consumer IoT with our Bluetooth(R) low energy (BLE) products, which delivered 16% year-on-year revenue growth. Commenting on the results, Dialog Chief Executive, Dr Jalal Bagherli, said:" Revenue for the first quarter came at the high-end of the guidance range and we delivered record underlying gross margin. Products supporting mobile computing, consumer audio accessories, and wearables performed strongly." " Our fabless business model and strong balance sheet provide us with the operational and financial flexibility to successfully navigate the current economic environment. Over the course of the last few weeks, the health and safety of our employees and business partners has been our main priority. It has been encouraging to see the commitment and resilience of our employees, delivering excellent customer support and pushing ahead in an increasing number of development projects across high-growth areas. Due to the economic uncertainty, and in line with the rest of the industry, in the short term we are experiencing lower visibility into our outlook for the second half of the year."" The recently announced acquisition of Adesto, broadens and enhances our presence in the Industrial IoT market with a range of connectivity products highly-optimised for building and industrial automation. This builds on the acquisition of Creative Chips, supporting our growth strategy and accelerating the diversification of our business."OutlookIn Q2 2020, we anticipate revenue to be in the range of US$260 million to US$290 million and underlying gross margin to be broadly in line with Q1 2020.Although the situation of our supply chain and contract manufacturers is close to being fully operational, and the level of customer engagements continues as planned, the ongoing economic uncertainty caused by the COVID-19 pandemic is resulting in lower than usual visibility in our outlook for the second half of the year. Due to this, we have withdrawn the FY 2020 outlook communicated on 4 March 2020.Update on COVID-19Protecting the health and wellbeing of our employees and business partners remains our main priority. Over the last few weeks, our employees have worked remotely, in line with applicable national guidelines. We have maintained a minimal staff presence in our test labs, only where absolutely required, and adhering to recommended safe working practices. Our supply chain is close to being fully operational and our customers' contract manufacturers are operating at almost full capacity. Customer engagements are managed remotely and so far, we have not seen any significant decrease in our levels of activity.Our business remains resilient. Our fabless business model and the strength of our balance sheet provide us with financial resilience and operational flexibility to navigate the current circumstances. We continue to invest in the development of key business capabilities to build a more diverse mixed-signal business, focused in high-growth segments of our target end markets.Q1 2020 Financial overviewRevenue was 16% below Q1 2019 at US$248 million driven by the expected decline in licensed main Power Management ICs (PMICs), partially offset by growth in mixed-signal products with our largest customer, Bluetooth(R) low energy and AC/DC charging. Group revenue excluding licensed main PMICs was up 34% year-on-year. License revenue of US$9 million related to the Apple agreement was reported in Corporate.Gross margin was 49.8% and underlying gross margin was 50.4%, up year-on-year 50bps and 80bps respectively. This increase was mainly due to the positive contribution from license revenue (Q1 2019: nil), and continuing savings in manufacturing costs. Adjusting for the 80bps positive movement from non-recurring items in Q1 2019, underlying gross margin in Q1 2020 was up 160bps year-on-year.Operating expenses (OPEX), comprising SG&A and R&D expenses, and underlying OPEX in Q1 2020, were 8% below Q1 2019, representing 46.2% (Q1 2019: 42.3%) and 38.3% of revenue (Q1 2019: 35.2%) respectively. This decrease was mostly the result of lower R&D expenses, partially offset by the acquisitions of FCI and Creative Chips. In line with its long-term financial objectives, the Company has saving initiatives in place to reduce its cost base over time. Following the closing of Adesto in Q3 2020, the Company intends to execute the cost synergies plan. All these initiatives seek to protect profitability and strengthen cash flow generation.R&D expenses in Q1 2020 were 10% below Q1 2019 representing 29.1% of revenue (Q1 2019: 27.3%). Underlying R&D expenses were down 11% year-on-year representing 25.9% of revenue (Q1 2019: 24.5%). The decrease in R&D expenses was mainly due to the transfer of over 300 employees to Apple on 8 April 2019, partially offset by the acquisitions of FCI and Creative Chips.SG&A expenses in Q1 2020 were 4% below Q1 2019, representing 17.1% of revenue (Q1 2019: 15.0%). Underlying SG&A expenses in Q1 2020 were 2% below Q1 2019 representing 12.4% of revenue (Q1 2019: 10.6%). The decrease in SG&A expenses was mainly the result of cost savings partially offset by the acquisitions of FCI and Creative Chips.Other operating income in Q1 2020 was US$8.5 million (Q1 2019: US$4.7million), which comprised a US$5.3 million change in estimate of the contingent consideration payable for Creative Chips, and income from R&D contracts. Underlying other operating income in Q1 2020 was US$3.1 million, which comprised income from R&D contracts, was below Q1 2019 (Q1 2019: US$4.7 million).Operating profit in Q1 2020 was US$17.5 million, 31% below Q1 2019, mainly reflecting the lower revenue partially offset by higher gross margin together with lower operating expenses. For the same reasons, underlying operating profit was 30% below Q1 2019, at US$33.0 million.The effective tax rate in Q1 2020 was 30.4% (Q1 2019: 30.2%). Our high effective tax rates for Q1 2020 and Q1 2019 are principally due to the distorting effect on our income tax expense of the tax and accounting treatments of share-based compensation, business combinations and certain of our strategic investments. The underlying effective tax rate in Q1 2020 was 19.7%, down 80bps on the Q1 2019 underlying effective tax rate of 20.5%.Net income was 26% below Q1 2019 at US$13.6 million (Q1 2019: US$18.4 million). This decrease was mostly due to the decrease in operating profit.Underlying net income was 27% lower year-on-year. The year-on-year movement in underlying net income was mainly driven by the decrease in underlying operating profit.Diluted EPS in Q1 2020 was 17% below Q1 2019 at US$0.19 (Q1 2019: US$0.23). Underlying diluted EPS in Q1 2020 was 20% below year-on-year to US$0.39 (Q1 2019: US$0.49).At the end of Q1 2020, our total inventory level was US$129 million (or ~93 days), which is 5% above the previous quarter, representing a 35-day increase in our days of inventory from Q4 2019, mainly due to the lower revenue. During Q2 2020, we expect inventory value to be broadly in line with Q1 2020 and days of inventory to be lower than Q1 2020.On 12 March 2020, the Company announced details of the second tranche of the 2019 Buyback Programme. Under this tranche the Company committed to purchase shares for an amount between €70 million and €90 million, and a latest maturity date of 25 September 2020.At the end of Q1 2020, we held cash and cash equivalents of US$965 million (Q1 2019: US$690 million). Cash outflow from operating activities in Q1 2020 was US$49.0 million compared to a cash inflow in Q1 2019 of US$41.6 million. The year-on-year movement was due to the US$50 million recoupment of the prepayment, higher income tax paid, and working capital movements. In Q1 2020, the Group generated negative free cash flow of US$59.0 million, which was below Q1 2019 (Q1 2019: US$28.0 million) due to the cash outflow from operating activities.In support of our growth strategy and the diversification of our business, on 20 February 2020, the Company announced it had signed a definitive agreement to acquire Adesto Technologies Corporation (Adesto) for US$12.55 per share in cash, representing an enterprise value of approximately US$500 million, to be funded from our existing cash balances. Adesto accelerates Dialog's expansion into the growing Industrial IoT market that enables smart buildings and industrial automation (Industry 4.0), seamlessly driving cloud connectivity. Headquartered in Santa Clara, California, Adesto has approximately 270 employees and an established portfolio of industrial solutions for smart building automation that fully complements Dialog's manufacturing automation products.Q1 2020 Segmental overviewDialog is a fabless semiconductor company primarily focused on the development of highly integrated mixed-signal products for consumer electronics and other high-growth markets. Our highly skilled engineers, partnership approach, operational flexibility and the quality of our products are sources of competitive advantage. Our primary end markets are consumer markets such as the Internet of Things (IoT), Computing and Mobile. The increasing adoption of standard technologies, such as Bluetooth(R) low energy or LED lighting, and the expansion of high-performance processors into infotainment systems, has contributed to the expansion of our presence in the automotive segment. In line with our strategic goals, we intend to continue the expansion of our product portfolio through a combination of organic and inorganic initiatives. Our ambition is to build a vibrant mixed-signal business, with a balanced end market exposure, on innovative low power products which enable our customers to get fast to market.Underlying results by segment Revenue Operating profit/(loss) Operating margin US$ millions unless stated otherwise Q1 2020 Restated3 Q1 2019 Change Q1 2020 Restated3 Q1 2019 Q1 2020 Restated3 Q1 2019 Custom Mixed Signal 153.4 211.6 -28% 30.1 45.0 19.6% 21.2% Advanced Mixed Signal 51.5 50.9 +1% 0.1 1.0 0.1% 2.0% Connectivity & Audio 34.7 32.4 +7% (3.3) 5.0 (9.3)% 15.5% Total Segments 239.6 294.9 -19% 26.9 51.0 11.2% 17.3% Corporate and other unallocated items 8.9 - nm 6.1 (3.8) 68.4% nm Total Group 248.5 294.9 -16% 33.0 47.2 13.3% 16.0% 3 Restated to reflect the segment reorganisation and measurement changes that became effective at the beginning of Q2 2019.Custom Mixed Signal (CMS)In Q1 2020, revenue was US$153 million, 28% below Q1 2019 due to the expected decline in legacy licensed main PMICs partially offset by growth in new mixed-signal products. Revenue in CMS from our largest customer's products not covered by the licensing agreement was up 62% year-on-year to US$74 million (Q1 2019: US$46 million). Underlying operating profit for CMS decreased 33% year-on-year to US$30.1 million, mainly due to the lower revenue partially offset by lower operating expenses.During the quarter, we continued to receive requests for quotations from a multitude of customers, for new custom designs for 2022 and beyond in diverse areas of power, charging, display and audio technologies.There is a growing market opportunity for next generation Battery Management solutions, capable of supporting higher wattage chargers, safe and short charging times, as well as secondary charging from phones to other devices. Dialog is well positioned to capitalise on this opportunity, with a range of products built on our strong expertise in the design of mixed-signal and power-efficient ICs, meeting the requirements of a wide range of customers in mobile and consumer IoT end markets.In parallel, we continue to leverage our power management technology into new markets and geographies through the expansion of our platform reference designs. The collaborations with Renesas, Xilinx, and Telechips strengthen Dialog's presence in the automotive segment, in particular Intelligent In-Vehicle Infotainment and Advanced Driver-Assistance Systems. There are currently over 80 automotive customer engagements in place, most of which are expected to go into production over the next three years.As part of our Industrial IoT strategy, during the quarter we launched the CCE4503, the first IO-Link IC to be launched following the acquisition of Creative Chips in November 2019. This product complements the Company's well-established family of IO-Link Device and Master ICs, meeting our customers' demand for smaller, highly-optimised, and more cost-efficient IO-Link products that enable the next generation of Industry 4.0 devices.Advanced Mixed Signal (AMS)During Q1 2020, AMS revenue was 1% above Q1 2019 led by growth in AC/DC charging products offset by lower revenue of backlighting and the phasing of customer orders for CMICs. Earlier in the quarter, revenue from AMS was adversely impacted due to its exposure to Chinese smartphone OEMs. However, the situation has continued to improve as the restrictions imposed by the lockdown are gradually being lifted. During the quarter we continued to invest in the development of new products, resulting in lower underlying operating profit year-on-year.Dialog has successfully maintained a commanding market share in the rapid charge market through a combination of differentiated technology, speed of execution and wide support of rapid charge products, leading the industry in high power density AC/DC chargers.Our broad product portfolio, which includes LED backlighting and Solid-State Lighting (SSL) LED driver ICs, and proprietary digital control technology for power conversion, enable high quality solutions at a low cost. We are engaged with tier one customers in the high-end TV market and we are seeing a gradual expansion of our customer base in mobile and automotive display markets with medium term opportunities. Dialog's configurable technology, including the highly successful GreenPAK(TM) product family, has become established as the leading choice in the market. Low power consumption and in-system programming enables customers to rapidly customise and integrate multiple analog, logic, and discrete components into a single chip. During the last twelve months, we have expanded our product range with the launch of the first automotive grade CMIC, and the introduction of Dialog's industry-leading LDO regulator for smartphone cameras. With additional new products to be launched in Q2 2020, our expanded configurable product range will give our customers the flexibility to keep pace with rapidly changing market needs. The CMIC, along with other members of the GreenPAK(TM) family, replace dozens of components in a wide range of applications to optimize flexibility, footprint and a reduction of the bill of materials.Connectivity and Audio (C&A)During Q1 2020, revenue was 7% above Q1 2019 as a result of the strong performance of BLE and the revenue contribution from the acquisition of FCI, partially offset by a decline in the legacy audio DECT business. C&A generated a US$3.3 million operating loss in Q1 2020, which was below Q1 2019 operating profit (Q1 2019: US$5.0 million) mainly due to higher investment in the development of next generation technology for audio and BLE products, as well as the acquisition of FCI. The intensity of these investments are taking advantage of market opportunities and position the segment for higher revenue growth and profitability over the coming years.Revenue from our SmartBond(TM) BLE System-on-Chip (SoC) was 16% above Q1 2019, due to the ramp of new products from customers in Asia. Following the launch of SmartBond TINY(TM) in November 2019, during the quarter we launched the SmartBond TINY(TM) module, empowering customers to build the next generation of connected devices. The SmartBond TINY(TM) module was specifically optimized to significantly reduce the cost of adding Bluetooth(R) low energy functionality to an IoT system. Its easy-to-use design and software allow developers to quickly and intuitively develop highly functional connected devices, targeting the next generation of connected consumer, connected medical, smart home and smart appliance applications.The C&A Segment is targeting the rapidly-growing consumer wireless headset market with our SmartBeat(TM) wireless Audio IC. This technology enables a new immersive headset experience and supports both wired USB 3.0 Type-C(TM) and Bluetooth(R) based consumer headsets. Our product portfolio targeting the headset market also includes a family of highly-integrated audio codec chips that deliver best-in-class active noise cancellation (ANC), providing optimal audio performance in any environment.Non-IFRS measuresUnderlying measures of performance and free cash flow quoted in this press release are non-IFRS measures. Our use of underlying measures and reconciliations of the underlying measures to the nearest equivalent IFRS measures are presented in Section 3 of the Q1 2020 Interim report. For ease of reference, we present below reconciliations for the non-IFRS measures quoted in this press release:Q1 2020US$000 IFRS basis Share-based compensation and related expenses Accounting for business combinations Integration costs Strategic investments Underlying basis Revenue 248,481 - - - - 248,481 Gross profit 123,805 598 712 - - 125,115 SG&A expenses (42,411) 4,100 7,353 77 - (30,881) R&D expenses (72,345) 5,534 2,466 - - (64,345) Other operating income 8,467 - (5,347) - - 3,120 Operating profit 17,516 10,232 5,184 77 - 33,009 Net finance income 2,026 - 218 - (361) 1,883 Profit before income taxes 19,542 10,232 5,402 77 (361) 34,892 Income tax expense (5,943) 448 (1,442) (13) 69 (6,881) Net income 13,599 10,680 3,960 64 (292) 28,011 Q1 2019US$000 IFRS basis Share-based compensation and related expenses Accounting for business combinations Strategic investments Corporate transaction costs Underlying basis Revenue 294,886 - - - - 294,886 Gross profit 145,478 668 - - - 146,146 SG&A expenses (44,219) 5,179 4,616 - 3,048 (31,376) R&D expenses (80,633) 6,039 2,268 - - (72,326) Other operating income 4,715 - (8) - - 4,707 Operating profit 25,341 11,886 6,876 - 3,048 47,151 Net finance income 959 - 315 (268) - 1,006 Profit before income taxes 26,300 11,886 7,191 (268) 3,048 48,157 Income tax expense (7,942) (853) (782) 51 (352) (9,878) Net income 18,358 11,033 6,409 (217) 2,696 38,279 Accounting for business combinationsUS$000 Q1 2020 Q1 2019 Acquisition-related costs 2,419 983 Amortisation of acquired intangible assets 7,163 5,657 Consumption of the fair value uplift of acquired inventory 712 - Consideration accounted for as compensation expense 260 319 Forfeiture of deferred consideration (23) (83) Remeasurement of contingent consideration (5,347) - Increase in operating profit 5,184 6,876 Unwinding of discount on contingent consideration 218 315 Increase in profit before income taxes 5,402 7,191 Income tax credit (1,442) (782) Increase in net income 3,960 6,409 EBITDAUS$000 Q1 2020 Q1 2019 Net income 13,599 18,358 Net finance income (2,026) (959) Income tax expense 5,943 7,942 Depreciation expense 8,434 10,166 Amortisation expense 13,097 11,716 EBITDA 39,047 47,223 Share-based compensation and related expenses 10,232 11,886 Acquisition-related costs 2,419 983 Consumption of the fair value uplift of acquired inventory 712 - Consideration accounted for as compensation expense 260 319 Forfeiture of deferred consideration (23) (83) Remeasurement of contingent consideration (5,347) - Integration costs 77 - Corporate transaction costs - 3,048 Underlying EBITDA 47,377 63,376 Free cash flowUS$000 Q1 2020 Q1 2019 Cash flow from operating activities (49,030) 41,572 Purchase of property, plant and equipment (2,492) (4,961) Purchase of intangible assets (1,564) (1,124) Payments for capitalised development costs (3,887) (4,557) Capital element of lease payments (2,028) (2,922) Free cash flow (59,001) 28,008 ***Dialog Semiconductor invites you today at 09.30 am (London) / 10.30 am (Frankfurt) to take part in a live conference call and to listen to management's discussion of the Company's Q1 2020 performance, as well as guidance for Q2 2020. Participants will need to register using the link below. A full list of dial in numbers will also be available. To register for the webcast and receive dial in numbers, the conference PIN and a unique User ID please click on the link below:https://webcast.openbriefing.com/dialog-may20/In parallel to the call, the presentation will be available at:https://webcast.openbriefing.com/dialog-may20/The presentation will also be available under the investor relations section of the Company's website at:https://www.dialog-semiconductor.com/investor-relations/results-centerA replay will be posted on the Dialog website four hours after the conclusion of the presentation and will be available at:https://www.dialog-semiconductor.com/investor-relations/results-centerThe full release including the Company's unaudited consolidated financial statements for the quarter ended 27 March 2020 is available under the investor relations section of the Company's website at:https://www.dialog-semiconductor.com/investor-relations/results-centerDialog, the Dialog logo, SmartBond(TM), SmartBond TINY(TM), RapidCharge(TM), SmartBeat(TM), VirtualZero(TM) are registered trademarks of Dialog Semiconductor Plc or its subsidiaries. All other product or service names are the property of their respective owners. (c)Copyright 2020 Dialog Semiconductor Plc. All rights reserved.For further information please contact:Dialog SemiconductorJose Cano Head of Investor Relations T: +44 (0)1793 756 961 jose.cano@diasemi.comFTI Consulting LondonMatt Dixon T: +44 (0)2037 271 137 matt.dixon@fticonsulting.comFTI Consulting FrankfurtAnja Meusel T: +49 (0)69 9203 7120 anja.meusel@fticonsulting.comAbout Dialog SemiconductorDialog Semiconductor provides highly integrated standard (ASSP) and custom (ASIC) mixed-signal integrated circuits (ICs), optimised for smartphone, tablet, IoT, LED Solid-State Lighting (SSL), and Smart Home applications. Dialog brings decades of experience to the rapid development of ICs while providing flexible and dynamic support, world-class innovation and the assurance of dealing with an established business partner. With world-class manufacturing partners, Dialog operates a fabless business model and is a socially responsible employer pursuing many programs to benefit employees, the community, other stakeholders and the environment we operate in. Dialog's power saving technologies including DC-DC configurable system power management deliver high efficiency and enhance the consumer's user experience by extending battery lifetime and enabling faster charging of their portable devices. Its technology portfolio also includes audio, Bluetooth(R) Low Energy, Rapid Charge(TM) AC/DC power conversion and multi-touch. Dialog Semiconductor Plc is headquartered in London with a global sales, R&D and marketing organisation. It currently has approximately 2,000 employees worldwide. In 2019, it had approximately US$ 1.42 billion in revenue. The company is listed on the Frankfurt (XETRA: DLG) stock exchange (Regulated Market, Prime Standard, ISIN GB0059822006).Forward Looking StatementsForward Looking Statements This press release contains "forward-looking statements" that reflect management's current views with respect to future events. The words "anticipate," "believe," "estimate", "expect," "intend," "may," "plan," "project" and "should" and similar expressions identify forward-looking statements. Such statements are subject to risks and uncertainties, including, but not limited to: the global effects of the COVID-19 pandemic generally and on the semiconductor markets and supply chain specifically; an economic downturn in the semiconductor and telecommunications markets; changes in currency exchange rates and interest rates, the timing of customer orders and manufacturing lead times, insufficient, excess or obsolete inventory, the impact of competing products and their pricing, political risks in the countries in which we operate or sale and supply constraints. If any of these or other risks and uncertainties occur (some of which are described under the heading "Managing risk and uncertainty" in Dialog Semiconductor's most recent Annual Report) or if the assumptions underlying any of these statements prove incorrect, then actual results may be materially different from those expressed or implied by such statements. We do not intend or assume any obligation to update any forward-looking statement which speaks only as of the date on which it is made, however, any subsequent statement will supersede any previous statement. Dialog Semiconductor PlcSection 1 Dialog Semiconductor Plc Interim report - Q1 2020 Financial review continued Press release - 6 May 2020 continuedDialog Semiconductor Plc Interim report - Q1 2020 Financial reviewSection 2 Dialog Semiconductor Plc Interim report - Q1 2020 Press release - 6 May 2020 continued Notes to the condensed consolidated financial statements continued Dialog Semiconductor Plc Interim report - Q1 2020Interim financial statementsSection 3 Dialog Semiconductor Plc Interim report - Q1 2020 Press release - 6 May 2020 continued Financial performance measures continued Dialog Semiconductor Plc Interim report - Q1 2020Financial performance measuresPress release - 6 May 2020 continued Contact: Jose Cano Director, Investor Relations jose.cano@diasemi.com +44(0)1793756961 * * *06.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * Language: English Company: Dialog Semiconductor Plc. Tower Bridge House, St. Katharine's Way E1W 1AA London United Kingdom Phone: +49 7021 805-412 Fax: +49 7021 805-200 E-mail: jose.cano@diasemi.com Internet: www.dialog-semiconductor.com ISIN: GB0059822006 WKN: 927200 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1036865 End of News DGAP News Service

  • EQS Group

    DIALOG SEMICONDUCTOR WITHDRAWS ITS OUTLOOK FOR THE FULL YEAR 2020

    Dialog Semiconductor Plc. / Key word(s): Miscellaneous DIALOG SEMICONDUCTOR WITHDRAWS ITS OUTLOOK FOR THE FULL YEAR 2020 01-May-2020 / 19:42 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. * * *London, UK, 1 May 2020 \- Dialog Semiconductor Plc (XETRA: DLG) withdraws its outlook for the full year 2020 due to lack of visibility for the second half of the year.On 4 March 2020, Dialog indicated that for FY 2020, revenue excluding its licensed main PMICs was expected to grow in the approximately mid teens percentage range and total Group revenue was expected to be second half weighted with declining revenue from legacy licensed main PMICs. Additionally, the Company expected, total Group revenue for FY 2020 to decline from FY 2019 US$1,420 million in approximately the mid teens percentage point range, excluding any revenue from the announced acquisition of Adesto Technologies Corporation. Based on this revenue, in FY 2020 Dialog anticipated underlying1 gross margin to continue on a gradual upward trend. The March outlook assumed a return to normal for supply chain and contract manufacturers by Q2 2020.Although the situation of our supply chain and contract manufacturers is close to being fully operational, and the level of customer engagements continues as planned, the ongoing economic uncertainty caused by the COVID-19 pandemic is resulting in lower than usual visibility in our outlook for the second half of the year. Due to this, we are withdrawing the FY 2020 outlook communicated on 4 March 2020.Our fabless business model and the strength of our balance sheet provide us with financial resilience and operational flexibility to successfully navigate the current circumstances. We remain confident in our structural growth prospects as we build a more diverse mixed-signal business with a balanced market exposure, focused in high-growth segments of our target end markets.The Company will publish its results for the quarter ended 27 March 2020 on 6 May 2020.***1\. Underlying measures of performance quoted in this announcement are non-IFRS measures. Our use of underlying measures is explained on pages 183 to 189 of our 2019 Annual Report and Accounts. Reconciliations of the underlying measures to the nearest equivalent IFRS measures will be presented in our Q1 2020 Interim Report. Contact: Jose Cano Director, Investor Relations jose.cano@diasemi.com +44(0)1793756961* * *Information and Explanation of the Issuer to this News: For further information please contact: Dialog Semiconductor Jose Cano Head of Investor Relations T: +44 (0)1793 756 961 jose.cano@diasemi.com FTI Consulting London Matt Dixon T: +44 (0)2037 271 137 matt.dixon@fticonsulting.com FTI Consulting Frankfurt Anja Meusel T: +49 (0) 69 9203 7120 Anja.Meusel@fticonsulting.com About Dialog Semiconductor Dialog Semiconductor is a leading provider of integrated circuits (ICs) that power mobile devices and the Internet of Things. Dialog solutions are integral to some of today's leading mobile devices and the enabling element for increasing performance and productivity on the go. From making smartphones more power efficient and shortening charging times, enabling home appliances to be controlled from anywhere, to connecting the next generation of wearable devices, Dialog's decades of experience and world-class innovation help manufacturers get to what's next. Dialog operates a fabless business model and is a socially responsible employer pursuing many programs to benefit the employees, community, other stakeholders and the environment in which we operate. Dialog Semiconductor Plc is headquartered in London with a global sales, R&D and marketing organization. In 2019, it had approximately $1.4 billion in revenue. It currently has approximately 2,000 employees worldwide. The company is listed on the Frankfurt (FWB: DLG) stock exchange (Regulated Market, Prime Standard, ISIN GB0059822006). For more information, visit www.dialog-semiconductor.com. Forward Looking Statements This press release contains 'forward-looking statements' that reflect management's current views with respect to future events. The words 'anticipate,' 'believe,' 'estimate', 'expect,' 'intend,' 'may,' 'plan,' 'project' and 'should' and similar expressions identify forward-looking statements. Such statements are subject to risks and uncertainties, including, but not limited to: an economic downturn in the semiconductor and telecommunications markets; changes in currency exchange rates and interest rates, the timing of customer orders and manufacturing lead times, insufficient, excess or obsolete inventory, the impact of competing products and their pricing, political risks in the countries in which we operate or sale and supply constraints. If any of these or other risks and uncertainties occur (some of which are described under the heading 'Managing risk and uncertainty' in Dialog Semiconductor's most recent Annual Report) or if the assumptions underlying any of these statements prove incorrect, then actual results may be materially different from those expressed or implied by such statements. We do not intend or assume any obligation to update any forward-looking statement which speaks only as of the date on which it is made, however, any subsequent statement will supersede any previous statement. * * *01-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * Language: English Company: Dialog Semiconductor Plc. Tower Bridge House, St. Katharine's Way E1W 1AA London United Kingdom Phone: +49 7021 805-412 Fax: +49 7021 805-200 E-mail: jose.cano@diasemi.com Internet: www.dialog-semiconductor.com ISIN: GB0059822006 WKN: 927200 Indices: MDAX, TecDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1034919 End of Announcement DGAP News Service

  • Dialog Semiconductor (ETR:DLG) Could Easily Take On More Debt
    Simply Wall St.

    Dialog Semiconductor (ETR:DLG) Could Easily Take On More Debt

    Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

  • If You Had Bought Dialog Semiconductor (ETR:DLG) Stock Three Years Ago, You'd Be Sitting On A 54% Loss, Today
    Simply Wall St.

    If You Had Bought Dialog Semiconductor (ETR:DLG) Stock Three Years Ago, You'd Be Sitting On A 54% Loss, Today

    Investing in stocks inevitably means buying into some companies that perform poorly. But the long term shareholders of...

  • Apple’s Supply Chain Woes Linger Even as China Recovers
    Bloomberg

    Apple’s Supply Chain Woes Linger Even as China Recovers

    (Bloomberg) -- Apple Inc. kept its business rolling through the coronavirus pandemic this week by launching a new iPad Pro and two new Macs. But that doesn’t mean its supply chain is in the clear.Deliveries of the new products will begin arriving on doorsteps next week. However, production of those devices likely started in early January, before the worst effects of China’s virus lockdown in February, according to people familiar with Apple’s supply chain.With a fresh round of supplier factory closures enforced by Malaysia, and the virus disrupting operations in much of the rest of the world, the iPhone maker’s supply chain has not fully recovered yet.Apple’s next flagship iPhones, with 5G wireless capabilities, are still on schedule to launch in the fall, although that’s partly because mass production isn’t due to begin until May, said the people. They asked not to be identified discussing private supply chain issues.“Even as China comes back on line, we are beginning to wonder if Covid-19 will impact other supply oriented geographies,” Brad Gastwirth, chief technology strategist at Wedbush Securities, wrote in a recent note to investors. “While China is improving, the supply chain for the electronics industry may yet see substantial disruptions.”An Apple spokesman declined to comment. Chief Executive Officer Tim Cook, the architect of the company’s China-focused supply chain, said Feb. 28 that production issues would be a “temporary condition.”Apple’s assembly factories in China, run mainly by Hon Hai Precision Industry Co., were in low gear for much of February. The manufacturing giant, also known as Foxconn, hopes to begin operating normally by the end of March.The February slowdown led to iPhone and AirPods supply constraints, but those have begun to subside. This week, Apple has been limiting iPhone purchases to two per customer on its online store in several countries. In early March, the company warned retail employees about shortages of replacement iPhones.One new product unveiled this week suggests there’s strain on Apple’s supply chain, but also shows the company can still mass produce gadgets given enough time. The keyboard accessory for the iPad Pro was announced Wednesday but goes on sale in May, an unusual delay.Read more: Supply Shock Is Wiping Out Hopes of Smartphone Sales GrowthMass assembly is only one part of Apple’s supply chain. The company and its many partners spend months or years sourcing individual components that are assembled into final products. Any disruptions in this complex network could slow the introduction of future devices.One person who works in Apple’s supply chain said not all operations are moving at normal speed because the flow of components to assemble is still slow. It will take another month or more to get parts moving steadily through the system, the person added.Jabil Inc., which makes iPhone casings, recently said its factories in China were “near normal,” while plants in other parts of the world were running 5% to 10% below capacity.“Most of that is due to supply chain issues. In some odd way, as we sit today, I think China is the least of our concerns,” CEO Mark Mondello told analysts during a March 13 conference call. “We’re able to accommodate all of the demand that’s in front of us as long as we can get parts.”A two-week lockdown in Malaysia is affecting several key suppliers that have operations in the country. Murata Manufacturing Co., Renesas Electronics Corp. and Ibiden Co., which make chips and circuit boards for Apple, have halted production there.Micron Technology Inc., which makes memory chips for Apple devices, is also impacted, but said an exemption allows “limited semiconductor operations to continue.” Texas Instruments Inc. and On Semiconductor Corp. have facilities in Malaysia, too.Apple has suppliers and operations in other countries that have been hammered by the virus, including Italy, Germany, the U.K. and South Korea.Samsung Display and LG Display Co. make iPhone screens in South Korea, while many Apple engineers working on cellular modems are based in Munich, Germany. Apple also operates former Dialog Semiconductor Plc facilities that work on power-management chips in Livorno, Italy, Nabern and Neuaubing, Germany, and Swindon, U.K.Apple has several hundred research and development engineers for future processors and underlying technologies in Israel, which is only letting citizens leave their homes for essential reasons, like buying food and medicine.Read more: Israel’s Netanyahu Orders Near Total LockdownIn the U.S., Apple has suppliers such as Corning Inc. for glass, and Qorvo Inc., Skyworks Solutions Inc. and Broadcom Inc. for wireless chips. Broadcom Chief Executive Officer Hock Tan said recently that the virus “is going to have an impact on our semiconductor business, in particular in the second half of the fiscal year.”Chips take months to make and test, and companies build up months of inventory. That means Apple and other device makers may not have seen the worst of the disruptions yet.The virus is likely challenging Apple’s ability to design and test early versions of future products in Silicon Valley, which is grappling with a shelter-in-place mandate. The company has instated a remote work order, save for some mission-critical employees, for all its offices outside of China.San Francisco’s Shelter-in-Place Order Shows U.S. What’s to ComeThese struggles have yet to severely derail the 5G iPhone launch in the fall. During China’s factory shutdown in February, Apple was able to build a limited number of test versions of the new models, one of the people familiar with the company’s supply chain said.Apple finalizes the majority of design features for new iPhones between November and December of the year prior to launch, the people said. It begins mass-producing new casings around April and then starts a late manufacturing stage called Final Assembly, Test and Pack in about May.Should Apple be unable to send full teams of engineers to China factories to finalize designs and resolve issues, this typical timeline could still slip, another person familiar with the company’s supply chain said.(Updates with Jabil comments in 12th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • EQS Group

    DGAP-DD: Dialog Semiconductor Plc. english

    Dialog Semiconductor Plc.: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them 16.03.2020 / 18:30 The issuer is solely responsible for the content of this announcement. 1\. Details of the person discharging managerial responsibilities / person closely associatedTitle: Mr First name: Davin Last name(s): Lee 2\. Reason for the notification a) Position / statusPosition: Member of the management team b) Initial notification 3\. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) NameDialog Semiconductor Plc. b) LEI529900QA2LORU6646N15 4\. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification codeType: Share ISIN: GB0059822006 b) Nature of the transactionPurchase of shares c) Price(s) and volume(s)Price(s) Volume(s) 25.15 EUR 4,000 d) Aggregated informationPrice Aggregated volume 25.15 EUR 4,000 e) Date of the transaction2020-03-13 f) Place of the transactionName: XETRA MIC: XTRA * * *16.03.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * Language: English Company: Dialog Semiconductor Plc. Tower Bridge House, St. Katharine's Way E1W 1AA London United Kingdom Internet: www.dialog-semiconductor.com End of News DGAP News Service

  • EQS Group

    Announcement relating to the second tranche of shares to be bought back pursuant to Dialog Semiconductor Plc's share buyback programme authorised by shareholders at the annual general meeting on 2 May 2019

    DGAP-News: Dialog Semiconductor Plc. / Key word(s): Share Buyback 12.03.2020 / 08:00 The issuer is solely responsible for the content of this announcement. London, UK, March 12, 2020 \- Dialog Semiconductor Plc (the Company) refers to its ad-hoc announcement dated March 3, 2020 (Ad-hoc announcement in accordance with Article 17 of Regulation (EU) No 596/2014 of the European Parliament and the Council of 16 April 2014: Dialog Semiconductor announces commencement of the process for the second tranche of shares to be bought back pursuant to its share buyback programme authorised by shareholders at the annual general meeting on 2 May 2019) (the Ad-Hoc Announcement)The Company today announces that HSBC Bank plc has been appointed the Preferred Broker (as defined in the Ad-Hoc Announcement) in relation to the second tranche of the Company's share buyback programme authorised by shareholders at the annual general meeting on 2 May 2019 (the 2019 Buyback Programme). The material terms on which the Company will purchase ordinary shares from the Preferred Broker in relation to the second tranche of the 2019 Buyback Programme are as follows:\- the maximum total cost of the shares to be purchased by the Company from the Preferred Broker shall be €90.0 million;\- the minimum total cost of the shares to be purchased by the Company from the Preferred Broker shall be €70.0 million;\- the earliest date on which the Preferred Broker may purchase Certified Interests (CIs) in the Company on the Frankfurt Stock Exchange (the FSE) for the purpose of delivering ordinary shares in the Company to the Company shall be 23 March 2020;\- the latest date on which the Preferred Broker may purchase CIs on the FSE for the purpose of delivering ordinary shares in the Company to the Company shall be 24 September 2020;\- the minimum maturity date shall be 14 August 2020 and the maximum maturity date shall be 24 September 2020; and\- the price per share to be paid by the Company is equal to the average of the daily volume weighted average price (Average VWAP) paid for CIs on the FSE for each day during the period of the second tranche of the 2019 Buyback Programme (the Trading Period) less a percentage discount.During the Trading Period, the Preferred Broker may, acting independently as principal (without influence from the Company), purchase CIs in the Company on the FSE. HSBC Bank plc (and its affiliates) may also, at their discretion, undertake other transactions in the CIs (including sales and hedging activities) throughout the term of the second tranche of the 2019 Buyback Programme in order to hedge their exposure to the programme provided that any CIs to be purchased in relation to the programme shall be purchased:\- at a daily volume not to exceed 25% of the average daily volume traded on the FSE over the previous 20 trading days; and\- at a price not to exceed the higher of (i) 105% of the average middle market closing price of the CIs as derived from XETRA over the last 5 trading days; or (ii) the higher of the last independent trade or the highest current independent bid on the FSE.The Company has previously purchased 3,134,895 ordinary shares pursuant to the shareholder approvals granted at the Company's annual general meeting on 2 May 2019. Details of any ordinary shares purchased by the Company will be made available on the Company's website at https://www.dialog-semiconductor.com/investor-relations/financial-news/share-buybacks.For further information please contact: Dialog Semiconductor Jose Cano Head of Investor Relations T: +44 (0)1793 756 961 jose.cano@diasemi.comFTI Consulting London Matt Dixon T: +44 (0)2037 271 137 matt.dixon@fticonsulting.comFTI Consulting Frankfurt Anja Meusel T: +49 (0) 69 9203 7120 Anja.Meusel@fticonsulting.comAbout Dialog Semiconductor Dialog Semiconductor is a leading provider of integrated circuits (ICs) that power mobile devices and the Internet of Things. Dialog solutions are integral to some of today's leading mobile devices and the enabling element for increasing performance and productivity on the go. From making smartphones more power efficient and shortening charging times, enabling home appliances to be controlled from anywhere, to connecting the next generation of wearable devices, Dialog's decades of experience and world-class innovation help manufacturers get to what's next. Dialog operates a fabless business model and is a socially responsible employer pursuing many programs to benefit the employees, community, other stakeholders and the environment we operate in. Dialog Semiconductor plc is headquartered in London with a global sales, R&D and marketing organization. In 2019, it had approximately $1.4 billion in revenue. It currently has approximately 2,000 employees worldwide. The company is listed on the Frankfurt (FWB: DLG) stock exchange (Regulated Market, Prime Standard, ISIN GB0059822006) and is a member of the German MDAX and TecDax indices. For more information, visit www.dialog-semiconductor.com.Forward Looking Statements This press release contains "forward-looking statements" that reflect management's current views with respect to future events. The words "anticipate," "believe," "estimate", "expect," "intend," "may," "plan," "project" and "should" and similar expressions identify forward-looking statements. Such statements are subject to risks and uncertainties, including, but not limited to: an economic downturn in the semiconductor and telecommunications markets; changes in currency exchange rates and interest rates, the timing of customer orders and manufacturing lead times, insufficient, excess or obsolete inventory, the impact of competing products and their pricing, political risks in the countries in which we operate or sale and supply constraints. If any of these or other risks and uncertainties occur (some of which are described under the heading "Managing risk and uncertainty" in Dialog Semiconductor's most recent Annual Report) or if the assumptions underlying any of these statements prove incorrect, then actual results may be materially different from those expressed or implied by such statements. We do not intend or assume any obligation to update any forward-looking statement which speaks only as of the date on which it is made, however, any subsequent statement will supersede any previous statement. Contact: Jose Cano Director, Investor Relations jose.cano@diasemi.com +44(0)1793756961 * * *12.03.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * Language: English Company: Dialog Semiconductor Plc. Tower Bridge House, St. Katharine's Way E1W 1AA London United Kingdom Phone: +49 7021 805-412 Fax: +49 7021 805-200 E-mail: jose.cano@diasemi.com Internet: www.dialog-semiconductor.com ISIN: GB0059822006 WKN: 927200 Indices: MDAX, TecDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 995405 End of News DGAP News Service

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