Intersil reported financial results for its second quarter ended July 3, 2009. Net revenues were $147.3 million, a 32% decrease from $216.2 million in the second quarter of 2008 and a 25% increase from $118.2 million in the first quarter of 2009. Intersil’s second quarter revenues by end market were as follows: high-end consumer, 25.6% of revenues; computing, 35.0% of revenues; industrial, 19.0% of revenues; and communications, 20.4% of revenues.

GAAP net income, which includes stock-based compensation expenses, restructuring expenses and amortization of intangible assets, was $6.2 million, compared with $38.0 million, in the same quarter last year, and $2.4 million in the first quarter of 2009. Net income in the second quarter of 2009 was reduced due to a one-time $3.4 million tax expense.