RF Micro Devices reported revenues of $316.3 million for its fiscal first quarter to June, up 8.0 percent year-on-year and 23.6 percent higher on a sequential basis, Telecompaper.com reported on July 25, 2014. Its gross margin jumped to 45.0 percent from 31.9 percent a year ago, and net profit rose to $38.6 million, or 13 cents a share, from $1.6 million, or 1 cent a share. On an adjusted basis, the margin reached 47.1 percent, and EPS more than doubled to $0.24, well ahead of expectations.

For the September quarter, RFMD expects revenue of around $345 million. Adjusted gross margin will remain flat at 25 basis points higher sequentially and adjusted EPS will reach roughly 27 cents. The continued growth will be supported by new smartphone ramps, content increases in LTE, deepening penetration of 802.11ac, and continued broad market strength. The company still expects to close its merger with Triquint this calendar year, pending shareholder approval.