Fairchild Semiconductor Reiterates Guidance for the Second Quarter 2006
June 07 2006 - 7:50AM
Business Wire
Fairchild Semiconductor (NYSE: FCS), the leading supplier of high
performance products that optimize power, today reiterated its
previous guidance for second quarter 2006 revenue to be flat to
down 3%, reflecting the return to a 13 week second quarter from the
14 week first quarter, while gross margins are expected to increase
50 - 100 basis points sequentially. "Demand has been seasonally
normal so far in the second quarter with the strongest order rates
for products serving the industrial, communications and TV/display
end markets," said Mark Thompson, Fairchild's president and CEO.
"Channel and internal inventories are tracking in a stable range
according to our expectations. Lead times also remain in a similar
range as last quarter. We have a healthy backlog position and are
focused on meeting our customers' demand." Fairchild expects to
report its second quarter financial results before the market opens
on July 20, 2006. Special Note on Forward-Looking Statements: Some
of the paragraphs above contain forward-looking statements that are
based on management's assumptions and expectations and that involve
risk and uncertainty. Forward-looking statements usually, but do
not always, contain forward-looking terminology such as "we
believe," "we expect," or "we anticipate," or refer to management's
expectations about Fairchild's future performance. Many factors
could cause actual results to differ materially from those
expressed in forward-looking statements. Among these factors are
the following: changes in overall global or regional economic
conditions; changes in demand for our products; changes in
inventories at our customers and distributors; technological and
product development risks, including the risks of failing to
maintain the right to use some technologies or failing to
adequately protect our own intellectual property against
misappropriation or infringement; availability of manufacturing
capacity; the risk of production delays; availability of raw
materials; competitors' actions; loss of key customers, including
but not limited to distributors; the inability to attract and
retain key management and other employees; order cancellations or
reduced bookings; changes in manufacturing yields or output; risks
related to warranty and product liability claims; risks inherent in
doing business internationally; regulatory risks and significant
litigation. These and other risk factors are discussed in the
company's quarterly and annual reports filed with the Securities
and Exchange Commission (SEC) and are available at the Investor
Relations section of Fairchild Semiconductor's web site at
http://investor.fairchildsemi.com or the SEC's web site at
www.sec.gov. About Fairchild Semiconductor: Fairchild Semiconductor
(NYSE: FCS) is the leading global supplier of high-performance
power products critical to today's leading electronic applications
in the computing, communications, consumer, industrial and
automotive segments. As The Power Franchise(R), Fairchild offers
the industry's broadest portfolio of components that optimize
system power. Fairchild's 9,000 employees design, manufacture and
market power, analog & mixed signal, interface, logic, and
optoelectronics products. Please contact us on the web at
www.fairchildsemi.com.
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