International Rectifier Corporation (NYSE:IRF) today announced that revenue for the fourth quarter fiscal year 2010, ending June 27, 2010, is tracking at the high end of its previous guidance range. Previous guidance given on April 29, 2010 was for revenue to range between $255 million and $260 million. International Rectifier President and Chief Executive Officer Oleg Khaykin stated: “For the June quarter, we continue to experience strong revenue growth driven by increasing end-market demand. Our design win activity remains robust as we look to continue to gain market share across our business market segments. Although it is too early to provide guidance, initial indications show our September quarter backlog trending higher and our product mix improving compared to the June quarter.” Tomorrow morning, June 10, International Rectifier will be hosting an analyst day in El Segundo, California. Presentations will take place from 8:00 a.m. to 11:30 a.m. Pacific time. A question and answer session, product demos, and lunch reception will follow. The event will feature presentations from the Company’s leadership team and will provide an update on the following items:
International Rectifier provides guidance or outlook effective as of the date given. International Rectifier makes no commitment to update or refresh guidance or outlook.