Narrative:

Takeoff at 140 KTS (V1 was 135 KTS) #2 engine lost thrust after successful achieving target N1 or 94.5. Thrust decayed to approximately 70.0 to 75.0 N1 with resultant yaw. Thrust came back to auto-throttle commanded level at approximately 800 to 1000 ft AGL. Flight diverted to ZZZ for precautionary landing. Uneventful landing.

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Original NASA ASRS Text

Title: B737 lost thrust on right engine shortly after takeoff. Power returned during initial climb and flight crew diverted to a nearby airport.

Narrative: Takeoff at 140 KTS (V1 was 135 KTS) #2 engine lost thrust after successful achieving target N1 or 94.5. Thrust decayed to approximately 70.0 to 75.0 N1 with resultant yaw. Thrust came back to auto-throttle commanded level at approximately 800 to 1000 FT AGL. Flight diverted to ZZZ for precautionary landing. Uneventful landing.

Data retrieved from NASA's ASRS site as of April 2012 and automatically converted to unabbreviated mixed upper/lowercase text. This report is for informational purposes with no guarantee of accuracy. See NASA's ASRS site for official report.