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Components | May 01, 2012

454 design wins in Q1, but operating loss for Spansion

On a U.S. GAAP basis, Spansion reported first quarter (ended March 25, 2012) net sales of $219 million, gross margin of 27.1%, operating loss of $4 million and net loss of $13 million.
"Our strategy continues to focus on leading the embedded Flash memory market and proliferating our technology and products across electronics around the world. In the first quarter, we delivered strong earnings, achieved our profitability targets and grew market share," said John Kispert, president and CEO of Spansion. "With our broad product portfolio, strategic partnerships and focused execution, we are confident in our ability to continue driving future growth."

Business Outlook

For the second quarter of 2012, Spansion estimates U.S. GAAP net sales in the range of $220 million to $235 million and GAAP diluted net income per share of $0.34 to $0.43.
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