Cypress Reports Fourth Quarter and Year-End 2015 Results

 



TWELVE MONTHS ENDED






Jan. 3,


 Dec. 28,


Sequential


Business Unit


20161


2014


Change


PSD2


$613,884


$283,206


117%


MPD2, 4


$890,390


$347,903


156%


DCD2


$72,791


$70,378


3%


ETD 3


$49,538


$24,010


106%


Total


$1,626,603


$725,497


124%










Geographic








China and ROW


41%


61%


(33%)


Americas


15%


16%


(6%)


Europe


14%


14%


0%


Japan


30%


9%


233%


Total


100%


100%












Channel








Distribution


70%


69%


1%


Direct


30%


31%


(3%)


Total


100%


100%












1.

2015 includes results of the merger with Spansion as of March 12, 2015

2.

PSD, Programmable Systems Division; DCD, Data Communications Division; MPD, Memory Products Division.

3.

ETD, Emerging Technologies Division includes businesses outside our core semiconductor businesses named in Footnote 1. ETD includes subsidiaries AgigA Tech Inc., Deca Technologies Inc., and our foundry business unit.

4.

Our net sales for twelve months ended 2015 and our estimates for the first quarter of 2016 include $18.75 million and $6.25 million of legacy Spansion non-GAAP licensing revenue in MPD, APAC region and direct channel, respectively.

FOURTH-QUARTER 2015 HIGHLIGHTS

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