Report
Frederic Yoboue

DIALOG SEMICONDUCTOR: Solid Q3 2019 driven by Apple, Q4 guidance broadly in line with the consensus | NEUTRAL | EUR41(-2%)

DIALOG SEMICONDUCTOR - NEUTRAL | EUR41(-2%)
Solid Q3 2019 driven by Apple, Q4 guidance broadly in line with the consensus

As expected, Q3 2019 sales and EBIT well above consensus
The upbeat clearly came from the business with Apple
The Q4 guidance is broadly in line with the consensus
Underlying
Dialog Semiconductor plc

Dialog Semiconductor is engaged in creating and marketing mixed signal integrated circuits for personal, portable, hand-held devices, low energy short-range wireless, LED solid-state lighting and automotive applications. Co. has four segments: Mobile Systems, which includes its power management and audio chips for the wireless systems markets; Automotive and Industrial, which markets products that address the safety, management and control of electronic systems in cars and for industrial applications; Connectivity, with activities that include short-range wireless, digital cordless, Bluetooth and VoIP technology; and Power Conversion, which includes its AC/DC converter solutions.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Frederic Yoboue

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