National Semiconductor reported annual revenues of $2.16 billion compared to $1.91 billion in FY05 and $1.98 billion for FY04. The net income was $449.2 million. This compares to the $415.3 million net profit reported for FY2005 and the $282.8 million net profit reported for FY2004. The fourth quarter GAAP net income was $118.8 million, on revenues of $572.6 million. These revenues were 22.6 percent higher than in the fourth quarter 2005, and 4.5 percent higher sequentially than the $547.7 million revenues reported in Q3 FY06. The fourth quarter fiscal 2006 net income were 8.8 percent lower when compared to GAAP net income of Q4 2005.