The Q2 geographic distribution was as follows. Asia, 88%; US, 8%; and Europe was 4%. Our channel sales mix was; international distribution, 63%; contract manufacturers, 22%; OEM, 10%; and US distribution was 5%.Consolidated non-GAAP gross profit was $14.8 million for Q2 compared with $15.1 million last quarter and $12.1 million last year. Non-GAAP gross margin for the second quarter was 36.3% and was 100 basis points higher than last quarter’s 35.3% and 240 basis points higher than last year’s 33.9%. The sequential quarter gross margin increase was primarily due to the benefit of consolidating PTI results for a full quarter and 50% plus gross margin. PTI’s gross margin added roughly 200 basis points to consolidated average, but was partially offset by unfavorable absorption due to low volume in Q2 and also unfavorable currency exchange from the weaker dollar.
Pericom Semiconductor CEO Discusses F2Q2011 Results - Earnings Call Transcript
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