SANTA CLARA, Calif.--(BUSINESS WIRE)--April 20, 2006--Affymetrix, Inc. (Nasdaq:AFFX - News), today reported its operating results for the first quarter of 2006. On a GAAP basis the Company reported net income of approximately $1.8 million or $0.03 per diluted share in the first quarter of 2006, as compared to net income of $16.2 million or $0.24 per diluted share in the first quarter of 2005. On January 1, 2006, the Company adopted FAS 123R and is reporting employee stock-based compensation expense in its GAAP results. Excluding the impact of FAS 123R, the Company reported non-GAAP net income of approximately $4.2 million or $0.06 per diluted share in the first quarter of 2006.
