Microsemi (MSCC) Tops Q1 EPS by 2c

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Go back to Microsemi (MSCC) Tops Q1 EPS by 2c

Microsemi Reports First Quarter 2017 Results

January 26, 2017 4:02 PM EST

ALISO VIEJO, Calif., Jan. 26, 2017 /PRNewswire/ -- Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today reported unaudited results for its first quarter of fiscal year 2017 ended Jan. 1, 2017.

Net sales for Microsemi's first quarter of fiscal year 2017 were $435.5 million, up 32.3 percent from $329.2 million in the first quarter of 2016.

GAAP gross margin for the first quarter of 2017 was a record 63.5 percent, up 640 basis points from the 57.1... More