SAN JOSE, Calif. It was a mixed quarter for AMI, Altera, Conexant, and On Semiconductor.
FPGA specialst Altera Corp. announced first quarter 2006 sales of $292.8 million, up 4 percent from the fourth quarter of 2005 and 11 percent from the first quarter of 2005.
First quarter 2006 net income, on a generally accepted accounting principles (GAAP) basis, was $58.7 million, $0.16 per diluted share, compared with net income of $63.8 million, $0.17 per diluted share, in the first quarter of 2005.
In Q2, Altera's sales are projected to jump 7- to-10 percent.
Meanwhile, on the consumer front, Conexant Systems Inc. said second quarter fiscal 2006 revenues of $242.6 million increased 5.1 percent from first quarter fiscal 2006 revenues of $230.7 million, and 42.9 percent from $169.7 million in the second quarter of fiscal 2005.
The GAAP net loss for the second quarter of fiscal 2006 was $10.1 million, or $0.02 per diluted share, compared to a GAAP net loss of $24.3 million, or $0.05 per diluted share, in the first quarter of fiscal 2006.
Third fiscal quarter revenues will increase between 3 and 5 percent sequentially.
On the analog and mixed-signal side, AMIS Holdings Inc., parent company of AMI Semiconductor,
said first quarter 2006 revenue was $138.6 million, a decrease of 1 percent sequentially but an increase of 20 percent compared to the first quarter of 2005.
GAAP net income for first quarter 2006 was $8.4 million, or $0.09 per diluted share, compared to a net loss of $11.1 million or $0.13 per diluted share for the same period in 2005.
"We anticipate growing revenues during the June quarter due primarily to strength in our mixed signal business driven by new product introductions, end market strength in the European automotive market, run rates with medical customers returning to more historical levels, and broad based strength in the industrial market," said David Henry, senior vice president and chief financial officer, in a statement.
In Q2, revenue is expected to increase 4 percent sequentially.
And, ON Semiconductor Corp. announced that total revenues in the first quarter of 2006 were $334.0 million, a decrease of approximately 2 percent from the fourth quarter of 2005.
During the first quarter of 2006, the company reported net income of $40.4 million. During the fourth quarter of 2005, the company reported net income of $43.8 million, or $0.07 per share, on a fully diluted basis.
"Our revenue, while down sequentially in the first quarter of 2006 due to seasonality in our consumer related end markets, grew by over 10 percent, compared to the first quarter of 2005," said Keith Jackson, ON Semiconductor president and CEO, in a statement. "We anticipate that total revenues will be approximately $350 to $355 million in the second quarter of 2006."