Fairchild Semiconductor sees Q1 revenue $330M-$350M, consensus $345.77M Says current scheduled backlog is nearly sufficient to achieve the low end of this range. Sees adjusted gross margin to be 29% plus or minus 50 basis points due primarily to lower factory loadings and incrementally higher start up costs at our 8 inch wafer fab in Korea. The adjusted tax rate is forecast at 15% plus or minus 3 percentage points for the quarter.
Fairchild sees Q4 revenue $340M-$360M, consensus 367.53M Fairchild CFO Mark Frey stated, "We expect sales to be in the range of $340M-$360M for Q4. We expect adjusted gross margin to be 33%-34% due primarily to lower sales and the impact of reduced factory loadings in the prior quarter. We anticipate R&D and SG&A spending to be $95M-$97M. The adjusted tax rate is forecast at 12% plus or minus 3 percentage points for the quarter. Consistent with our usual practices, we are not assuming any obligation to update this information, although we may choose to do so before we announce Q4 results."