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Product category: Power Supply ICs and Controllers
News Release from: Fairchild Semiconductor
Edited by the Electronicstalk Editorial Team on 24 July 2006

Fairchild reports steady progress

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Fairchild Semiconductor has announced results for the second quarter ended 2nd July 2006.

Fairchild Semiconductor has announced results for the second quarter ended 2nd July 2006 Fairchild reported second quarter sales of $406.3 million, a 1% decrease from the prior quarter and 17% more than the second quarter of 2005

Fairchild's second quarter returned to the normal 13 week duration compared with the first quarter of 2006 that included 14 weeks.

Fairchild reported second quarter net income of $23.0 million or $0.18 per diluted share compared with a net income of $26.6 million or $0.21 per diluted share in the prior quarter and a net loss of $205.3 million or $1.71 per share in the second quarter of 2005.

Gross margin was 30.8%, 90 basis points higher sequentially and 10.9% higher than in the second quarter of 2005.