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Integrated Silicon Solutions' CEO Discusses F3Q2012 Results - Earnings Call Transcript

Combine SRAM and DRAM revenue in the June quarter was $62.7 million, an increase of 4%, sequentially, and a decrease of 3% from the prior year quarter. DRAM revenue increased 7%, sequentially, as strength in the automotive market more than offset in-market weakness in the communications and consumer markets.

The weakness in the communications market also affected our SRAM products, contributing SRAM revenue decreasing 1%, sequentially. Analog in the June was $2.1 million, which was flat with the March quarter.

Automotive revenue grew 18% from the March quarter and 51% from the year ago quarter, as I mentioned earlier, reached a quarterly record. Automotive revenue was 44% of our total revenue in the June compared to 27% of our revenue in the same quarter a year ago.

Revenue from the industrial, medical and military market was flat, sequentially, and decreased 11% from the prior year quarter.

Revenue from the communications market decreased 7%, sequentially, and 25% on a year-over-year basis due to continue weakness and communication infrastructure spending.

Revenue from the consumer market decreased 10%, sequentially, and 50% from the year ago quarter due to overall weakness in the consumer electronics market and our continued transition away from lower margin business.

Now I will briefly review our key markets and products, including DRAM, SRAM and Analog. During the June quarter DRAM represented 66% of our total revenue. We had another strong quarter of design wins across all end markets including several high-volume SDRAM design wins for automotive applications and a large DDR2 design win in the communications application.

We also achieved a number of key design wins for both x16 and x32 configurations in automotive, communications and industrial. In addition, we had strong design activity for our new DRAM products, including our 256 megabit, 512 megabit, 1 gigabyte and 2 gigabyte DDR2, our mobile SDRAM and our 64 megabit and 128 megabit low power SDRAM KGD product.

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