MANHASSET, N.Y. Semiconductor supplier LSI Logic Corp. reported GAAP net earnings of $19 million, or 5 cents per share on sales of $476 million in the first quarter, compared to $5 million, or 1 cent per share on sales of $450 million the first quarter of 2005.
LSI Logic (Milpitas, Calif.) said first 2006 quarter earnings exceeded guidance. GAAP earnings reflected $25 million, or 6 cents per share of special items.
"Continuing strong demand for our silicon-to-systems storage products helped to offset an expected seasonal revenue decline," said Abhi Talwalkar, president and chief executive of LSI, in a statement. "We also experienced strong year-over-year revenue growth within our storage components and storage systems markets, with Engenio achieving near-record quarterly revenue."
Maxim Integrated Products Inc. reported net earnings of $120.3 million, or 36 cents per share on sales of $478.1 million in its third fiscal 2006 quarter ended March 25. In the year-ago quarter, Maxim earned $125.5 million or 37 cents per share on sales of $400.2 million a year ago.
Maxim (Sunnyvale, Calif.) saw bookings increase 6 percent sequentially to $537 million, driven by the U.S. and Europe. Gross margin was 67.2 percent.
Cirrus Logic Inc. reported net earnings of $15.4 million, or 17 cents per share on sales of $42.2 million in its fourth fiscal 2006 quarter ended March 25, compared with $2.5 million, or 3 cents per share on sales of $40.4 million a year ago.
Cirrus (Austin, Texas) reported a 15-percent increase in sales of analog, mixed-signal, and embedded products. It expects sales for the first quarter of fiscal 2007 to reach $44 to $48 million.