Altera Updates Fourth Quarter Revenue Guidance, Issues 2013 Guidance

SAN JOSE, Calif. -- Dec. 4, 2012 /PRNewswire/ -- Altera Corporation (NASDAQ: ALTR) today announced updated fourth quarter 2012 revenue guidance and key guidance elements for 2013.

The company currently expects that revenue for the fourth quarter will be 8 to 10 percent lower than third quarter levels. Prior guidance was for a decline of 6 to 10 percent. Sales of the company's new products are expected to grow sequentially but that growth will be more than offset by lower sales of the company's older products.

Fourth quarter results will be released after the market close on January 23, 2013.

2013 Guidance

During the fourth quarter, the company typically issues key guidance elements for the following year. Data for 2013 appears in the following table:

 


Gross Margin


69% to 70%


Research and Development

Approximately

$404 million


SG&A

"

$315 million


Other Income/Expense

"

Expense of $1 million


Tax Rate

"

13% to 14%


Capital Expenses 

"

$65 million

Today's Conference Call

A conference call will be held today at 1:45 Pacific Time to discuss Altera's 2013 guidance. A web cast and subsequent replay will be available in the Investor Relations section of the company's website at www.altera.com. A telephonic replay of the call may be accessed later in the day by calling (719) 457-0820 and referencing confirmation code 258712. The telephonic replay will be available for two weeks following the live call.

About Altera

Altera programmable solutions enable system and semiconductor companies to rapidly and cost-effectively innovate, differentiate and win in their markets. Find out more about Altera's FPGA, CPLD and ASIC devices at www.altera.com. Follow Altera via Facebook, RSS and Twitter.

ALTERA, ARRIA, CYCLONE, HARDCOPY, MAX, MEGACORE, NIOS, QUARTUS and STRATIX words and logos are trademarks of Altera Corporation and registered in the U.S. Patent and Trademark Office and in other countries. All other trademarks and service marks are the property of their respective holders as described at www.altera.com/legal.


Contacts:

Scott Wylie
Vice President
Investor Relations
Tel.: (408) 544-6996
Email Contact

Sue Martenson
Senior Manager
Public Relations
Tel.: (408) 544-8158
Email Contact




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