This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Freescale Semiconductor's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Stocks in this article: FSL

The NMSG includes our networking processors, our application processors on radio frequency products and AISG includes a microcontroller and analog and sensors products. We reported our sales consistent with the two product groups beginning this quarter. We have included our quarterly history of revenue by-product group on our website. We are looking at Q1 in more detail. Q1 was $950 million representing a sequential decrease of 6%. Sales declined by 20% compared to Q1 last year. AISG product sales in Q1 were $527 million, 4% below the fourth quarter and 15% below Q1 of last year.

Automotive sales declined both sequential and year-over-year due to slightly elevated inventory levels at some of our customers and weakness in European production. Sales in our industrial markets increased sequential but declined year-over-year due to the strong start we saw in early 2011.

NMSG revenues were $317 million in the quarter down 16% from Q4 and down 20% from last year. The primary driver of this sequential decline was seasonal weakness in our consumer business along with declines in our RF business due to elevated inventories as several networking customers our digital networking business is worst lately on a sequential basis. And year-over-year networking revenues were negatively impacted by lower demands and pockets of elevated inventory mainly in the wireless infrastructure market.

Cellular product sales were $66 million compared to $41 million in Q1 and $138 in the first quarter of last year. Other products which consists primarily of foundry sales and IP revenue, resulted in quarterly net sales of $40 million compared to $46 million in the fourth quarter from $39 million last year.

Finally, sales to distribution increased 14% sequentially and were down 17% compared to Q1 last year. Recall that the first half of 2011 was quite strong in the distribution channel. Our book-to-bill ratio in the first quarter was 1.05 this compares to the fourth quarter of 0.92.

3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs