National Semiconductor reported net income of $90.1 million, on sales of $455.9 million for the fourth quarter of fiscal 2007, which ended May 27, 2007. On a sequential basis, National’s fourth quarter fiscal 2007 sales increased 5.8 percent from the third quarter, when the company reported $431.0 million in sales. Increased demand for National’s power management, audio, amplifier, data converter and display products were the primary drivers of sales growth in the fourth quarter. Year over year, National’s fourth quarter sales were 20.4 percent lower from the fourth quarter of fiscal 2006, when the company reported sales of $572.6 million.

Annual sales were $1.93 billion compared to $2.16 billion in fiscal 2006. For fiscal 2007, National reported net income of $375.3 million, including $111.5 million of pre-tax stock compensation expenses under FASB Statement 123(R), compared to net income of $449.2 million in fiscal 2006.