Wolfson Microelectronics plc (LSE:WLF) (“Wolfson”) is today providing an update on trading and its outlook for Q4 2008.

For the third quarter, revenue is expected to be in line with the guidance of $56-62m provided at the time of the half-year results. Gross margin is currently anticipated to be in the range of 50 to 51%. Management expects to report adjusted diluted earnings per share, excluding the exceptional charge associated with the cost review previously announced, in line with current market expectations.

However, in recent days, Wolfson has experienced a material reduction in order intake and a higher level of rescheduling of orders across a broad range of applications and customers, as they respond to the continued deterioration in consumer confidence. Therefore, based on the information currently available, Wolfson expects Q4 2008 revenue, to be in the range $45m to $50m. This reduction from earlier expectations is the result of the general economic environment and not reflective of any material design loss.

Wolfson will report its Q3 2008 results on 27 October 2008.

Enquiries:

Wolfson Microelectronics
Dave Shrigley, Chief Executive
Mark Cubitt, Finance Director 
T: 0131 272 7000

Corfin Communications
Harry Chathli, Neil Thapar 
T: 020 7977 0020