• Q3 FY 2009 Net Revenues: $42.3 million
• Q3 FY 2009 GAAP Net Loss: $3.9 million; $0.17 per share (diluted)
• Q3 FY 2009 Non-GAAP Net Income: $11.0 million; $0.45 per share (diluted)

MOUNTAIN VIEW, Calif. — (BUSINESS WIRE) — November 3, 2009 — NetLogic Microsystems, Inc. (NASDAQ: NETL), the leader in the design and development of knowledge-based processors and high-speed integrated circuits, today announced financial results for its third quarter ended September 30, 2009.

Revenue for the third quarter of 2009 was $42.3 million, a 30.3 percent sequential increase from $32.5 million for the second quarter of 2009 and a 10.4 percent increase from $38.3 million for the third quarter of 2008.

Third quarter 2009 net loss, determined in accordance with generally accepted accounting principles (GAAP), was $3.9 million or $0.17 per diluted share. By comparison, GAAP net income was $1.3 million or $0.06 per diluted share for the third quarter of 2008. GAAP net loss included stock-based compensation expense, the amortization of intangible assets, fair value inventory adjustments, acquisition-related costs, and interest income on a $15.0 million bridge loan to RMI Corporation. Excluding these items, non-GAAP net income for the third quarter of 2009 was $11.0 million or $0.45 per diluted share, compared with $0.42 per diluted share for the third quarter of 2008.

Management Qualitative Comments

“This was another outstanding quarter for NetLogic Microsystems,” said Ron Jankov, president and CEO. “Continued positive trends in the wireless and wireline infrastructure markets, coupled with the early signs of a recovery taking place in the enterprise market resulted in strong demand for our products. During the quarter, we enjoyed the successful launch of several key designs with several of our tier one customers. Additionally, we are very pleased to have just completed our merger with RMI, which greatly expands our addressable market and provides tremendous opportunity for additional growth. This merger comes at a time when both companies are at their strongest competitively and when the market opportunity is ideally matched to our respective product portfolios and technology roadmaps. We are excited to leverage our combined strengths to expand our reach in the market and influence the architectural development of next generation communications infrastructure.”

Recent Highlights

• NetLogic Microsystems completed its merger with RMI Corporation, a leading provider of high-performance and low-power multi-core, multi-threaded processors. The merger enables NetLogic Microsystems to further expand into the high-performance "data-in-flight" processing market. RMI's cutting-edge XLP™, XLR® and XLS® Multi-Core, Multi-Threaded Processors will complement NetLogic Microsystems' existing portfolio of knowledge-based processors, content processors, network search engines and 10-100 Gigabit Ethernet PHY products.
• The company continues to expand its physical layer product portfolio and recently announced production availability of its new NLP1220 dual-port FibreChannel PHY device. This device offers best-in-class power consumption and latency to customers developing next-generation data center switches and connected storage devices.
• NetLogic Microsystems received the 2009 Excellence in Supplier Account Team Service Award from Cisco Systems. This prestigious award recognized NetLogic Microsystems for providing exemplary performance in teamwork, communication, and responsiveness to Cisco's business directives.
• The company completed the migration of its entire knowledge-based processor family, including the NL7000, NL8000, NL9000 and NETLite™ product families, to the industry-leading 55nm process node. The migration to this advanced technology process allows the company to deliver products featuring smaller die size, higher performance, lower power consumption and a better cost structure.
• NetLogic Microsystems announced the completion of the acquisition of certain assets associated with Integrated Device Technology Inc.’s (IDT) network search engine products in mid-July 2009. The acquisition includes IDT’s search accelerator, network search engine and route accelerator product families and related patents and intellectual property.
• NetLogic Microsystems and Taiwan Semiconductor Manufacturing Company announced their collaboration on the industry-leading 40nm-G semiconductor process technology for NetLogic Microsystems’ next-generation advanced knowledge-based processors and 10/40/100 Gigabit Ethernet physical layer (PHY) solutions. NetLogic Microsystems is one of first companies to tape-out and sample multiple silicon products in TSMC’s advanced 40nm technology node.

Conference Call

NetLogic Microsystems will hold its third quarter 2009 financial results conference call today at 1:30 p.m. Pacific time. To listen to the conference call, dial (866) 700-6979 ten minutes prior to the start of the call, using the passcode 14054819. International callers, dial (617) 213-8836. A taped replay will be made available approximately two hours after the conclusion of the call and will remain available for one week. To access the replay, dial (888) 286-8010 and enter passcode 59669302. International callers dial (617) 801-6888.

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