Fairchild Semiconductor Reiterates Third-Quarter Guidance

August 30, 2005 by Jeff Shepard

Fairchild Semiconductor International Inc. (South Portland, ME) reiterated guidance for third-quarter 2005 sales to be flat, and gross margin to flat to slightly higher sequentially. Fairchild expects to report its third-quarter financial results on October 13, 2005.

"Demand continues to improve as bookings in August were greater than July allowing us to steadily increase our backlog," said Fairchild President and CEO Mark Thompson. "We're booking at a run rate ahead of where we were at this same point a quarter ago, driven by broad-based strength across all end markets. Order rates have been particularly robust for products serving the computing market, especially for notebook, server, and storage applications. Demand in the consumer market has also been strong, paced by higher demand for products serving DVD, television, games, and set-top box applications. I'm confident our actions in the short term are positioning us to better leverage the typically higher seasonal demand in the coming months."