Atheros Communications reported Q4 revenue of $53.1 million, up 16 percent from the $45.8 million reported in the third quarter and up 27 percent from the $41.7 million reported in the fourth quarter of 2004. Gross margins in the fourth quarter were 46.7 percent, above the company’s target range of 43 to 45 percent and above 43.5 percent gross margins recorded in the third quarter. The company recorded fourth quarter net income (GAAP) of $13.1 million or $0.24 per diluted share.
The company shipped a record 7.7 million Wi-Fi chipsets in the fourth quarter, 74 percent of which were single-chip solutions.
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