Fairchild Semiconductor International (South Portland, ME) announced results for the second quarter ended June 27, 2004. Fairchild reported second quarter sales of $414.3 million, 19% higher than the second quarter of 2003, and a 4% increase from the prior quarter.
Fairchild reported net income in the second quarter of $17 million, or $0.14 per diluted share, compared to a net loss of $63.8 million, or $0.54 per share, in the second quarter of 2003, and net income of $13 million, or $0.10 per diluted share, in the prior quarter. Gross margin was 29.3%, up 850 basis points from the second quarter of 2003 and 300 basis points sequentially.
Fairchild reported a sequential increase in pro-forma net income to $31.7 million, or $0.26 per diluted share, 734% higher than the pro-forma net income of $3.8 million, or $0.03 per diluted share, in the second quarter of 2003, and 48% greater than the $21.4 million, or $0.17 per diluted share, in the prior quarter.
