National Semiconductor reported sales of $390.4 million and net income of $83.5 million for the second quarter of fiscal 2011, which ended Nov. 28, 2010. National’s second quarter sales were 5 percent lower than the $412.0 million in sales reported in the first quarter of fiscal 2011 due to lower demand from OEMs and distributors in all regions. Sales in the second quarter of fiscal 2011 were 13 percent higher than the $344.6 million reported in the second quarter of fiscal 2010.
Second quarter net income of $83.5 million, was a decrease from the $88.8 million in the first quarter of fiscal 2011. One year ago, National reported net income of $47.0 million.