Micrel, Inc. announced financial results for the second quarter ended June 30, 2011. Second quarter revenues of $68.5 million increased by $1.0 million, or 1.5%, from $67.5 million in the first quarter of 2011 due to increased demand in the communications end market as well as a resumption of more typical shipment levels to a Korean wireless handset and consumer electronic device manufacturer which had moderated product deliveries during the previous quarter.
The sequential increase in revenues was less than expected, primarily due to lower than expected demand in the industrial end market. Compared to the same period last year, second quarter 2011 revenues were lower by $5.4 million, or 7.3%. The year-over-year decrease in revenues was primarily due to a reduction in demand from customers in the computer and communications end markets.