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Freescale Semiconductor Announces Q2

AUSTIN, Texas — Freescale Semiconductor Holdings I, Ltd. (NYSE:FSL) today announced financial results for the second quarter ended July 1, 2011. Highlights include:

GAAP Results

  • Net sales of $1.22 billion
  • Gross margin of 42.3%
  • Operating earnings of $31 million
  • Loss per share of $.79 Non-GAAP Results*
  • Adjusted gross margin of 45.6%
  • Adjusted operating earnings of $216 million
  • Adjusted earnings per share of $.33 “Our second quarter results continue the trend of sales and margin improvement, both sequentially and year over year,” said Rich Beyer, chairman and CEO. “We saw growth in all of our core businesses and continued to solidify our leadership positions with design win momentum.”

    Read the full press release.

    {complink 2134|Freescale Semiconductor Inc.}

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