National Semiconductor reports 2Q 2011 results

National Semiconductor has reported sales of $390.4m and net income of $83.5m, or 34 cents per diluted share, for the second quarter of fiscal 2011 ending 28 November 2010.

The company’s second-quarter sales were five per cent lower than the $412m in sales reported in the first quarter of fiscal 2011 due to lower demand from OEMs and distributors in all regions.

Sales in the second quarter of fiscal 2011 were 13 per cent higher than the $344.6m reported in the second quarter of fiscal 2010.

Second quarter net income of $83.5m, or 34 cents per diluted share, was a decrease from the $88.8m, or 36 cents per diluted share, in the first quarter of fiscal 2011.