Integrated Device Technology (IDTI) Tops Q1 EPS by 2c

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IDT Reports Q1 Fiscal Year 2016 Financial Results

August 3, 2015 4:05 PM EDT

Q1 FY16 Revenue of $160.9M; up 1.6% Q/Q and 27.4% Y/Y

Q1 FY16 GAAP Diluted EPS (from Continuing Operations) of $0.25

Q1 FY16 Non-GAAP Diluted EPS of $0.31

SAN JOSE, Calif.--(BUSINESS WIRE)-- Integrated Device Technology, Inc. (IDT®) (NASDAQ: IDTI) today announced results for the fiscal first quarter ended June 28, 2015.

First quarter fiscal 2016 revenue increased by more than 27 percent year-over-year, driven primarily by strength in our High Performance Computing and Wireless Power products, said Greg Waters, president and chief executive... More