Fairchild 2Q Sales Top $430M

Fairchild Semiconductor has reported sales of $433.2 million for the second quarter ended June 26, 2011, up 5 percent from the prior quarter and 6 percent higher than the second quarter of 2010.

Fairchild reported second quarter net income of $44.9 million or $0.34 per diluted share compared to $43.5 million or $0.33 per diluted share in the prior quarter and $43.8 million or $0.34 per diluted share in the second quarter of 2010. Gross margin was 37.1 percent compared to 36.8 percent in the prior quarter and 35.0 percent in the year ago quarter.

“We delivered solid sales growth at the high end of our guidance for the second quarter,” said Mark Thompson, Fairchild’s president and CEO. “We grew PCIA sales 7 percent sequentially which was paced by our capacity additions to support strong high voltage demand from industrial, automotive and appliance customers. We increased MCCC sales 3 percent sequentially which reflects generally seasonal strength in their key end markets. Fairchild continues to benefit from increased content in the industrial, appliance, automotive and alternative energy sectors plus share gains in mobile analog.”

He said that demand was generally in-line with expectations for all segments, and that the company continues to see good demand for its high voltage solutions from the industrial, automotive and appliance end markets. "Handset order rates were seasonally higher and we have excellent design win momentum going into the second half. As expected, we saw muted but still seasonally better sales in the computing and consumer markets,” said Thompson.

Fairchild Semiconductor