National Semiconductor reported Q3 revenues of $449.2 million, 12.5 percent lower than the same quarter last year and less than 1 percent above $448.9 million in Q2.

Net income for the quarter was $77.4 million, 16.9 percent lower than $93.1 million in fiscal Q3 2004.

Fiscal Q3 gross margin was up 2.1 percent to 52.7 percent compared to 50.6 percent gross margin in fiscal Q2, achieved despite flat sales, factory utilization rates in the low-60s percentage and a $15 million reduction in inventory.

Year-over-year, National¡¦s gross margin for Q3 was 1.3 percent higher than fiscal Q3 2004 on 13 percent lower sales.

By: DocMemory
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