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Maxim Integrated Products Inc (MXIM) SEC Filing 10-K Annual report for the fiscal year ending Saturday, June 27, 2015

Maxim Integrated Products Inc

CIK: 743316 Ticker: MXIM


Press Release

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Kathy Ta
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(408) 601-5697

MAXIM INTEGRATED REPORTS RESULTS FOR THE FOURTH QUARTER OF FISCAL 2015; INCREASES DIVIDEND BY 7%

Revenue: $583 million
Gross Margin: 52.1% GAAP (60.9% excluding special items)
EPS: $0.34 GAAP ($0.43 excluding special items)
Cash, cash equivalents, and short term investments: $1.63 billion
Fiscal first quarter revenue outlook: $545 million to $585 million
Quarterly dividend increased 7% to $0.30 per share

SAN JOSE, CA - July 23, 2015 - Maxim Integrated Products, Inc. (NASDAQ:MXIM) reported net revenue of $583 million for its fourth quarter of fiscal 2015 ended June 27, 2015, a 1% increase from the $577 million revenue recorded in the prior quarter, and a 9% decrease from the same quarter of last year.

Tunc Doluca, President and Chief Executive Officer, commented, “In our June quarter, although revenue was slightly below our expectations, we exceeded our EPS guidance due to strong execution on our cost initiatives.” Mr. Doluca continued, “This is a pivotal time for Maxim. We are transforming our manufacturing footprint to improve flexibility and profitability, and optimizing R&D and Sales to drive growth. Based on these initiatives, we now expect to achieve $180 million in annual, long-term savings compared to our fiscal fourth quarter 2015 run rate.”

Fiscal Year 2015 Fourth Quarter Results
Based on Generally Accepted Accounting Principles (GAAP), diluted earnings per share in the June quarter was $0.34. The results were affected by pre-tax special items which primarily consisted of $46 million in charges related to restructuring activities, $22 million in charges related to acquisitions and $36 million in other income related to the gain on a divestiture. GAAP earnings per share, excluding special items was

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The following information was filed by Maxim Integrated Products Inc (MXIM) on Thursday, July 23, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information Document
Consolidatd Statements Of Comprehensive Income Statement
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical) (parentheticals)
Consolidated Statement Of Stockholders' Equity
Consolidated Statements Of Cash Flows
Consolidated Statements Of Income
Acquisitions
Acquisitions (details)
Acquisitions (tables)
Balance Sheet Components
Balance Sheet Components (details)
Balance Sheet Components (tables)
Benefits
Benefits (details)
Benefits (tables)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies Commitments (details)
Common Stock Repurchases
Common Stock Repurchases (details)
Comprehensive Income
Comprehensive Income (tables)
Comprehensive Income Accumulated Other Comprehensive Income (loss) (details)
Discontinued Operations
Discontinued Operations (details)
Earnings Per Share
Earnings Per Share (details)
Earnings Per Share (tables)
Fair Value Measurements
Fair Value Measurements (details)
Fair Value Measurements (tables)
Financial Instruments
Financial Instruments (tables)
Financial Instruments, Balance Sheet Location (details)
Financial Instruments, Long-term Debt (details)
Financial Instruments, Short-term Investments (details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (tables)
Goodwill And Intangible Assets, Goodwill (details)
Goodwill And Intangible Assets, Intangible Assets (details)
Impairment Of Long-lived Assets
Impairment Of Long-lived Assets (details)
Income Taxes
Income Taxes (details)
Income Taxes (tables)
Income Taxes Deferred Tax Assets And Liabilities (details)
Income Taxes Effective Income Tax Rate Reconciliation (details)
Income Taxes Tax Examination (details)
Income Taxes Unrecognized Tax Benefit (details)
Interest And Other Income (expense) (details)
Interest And Other Income (expense) (notes)
Interest And Other Income (expense) (tables)
Nature Of Operations
Nature Of Operations Details (details)
Quarterly Financial Data (unaudited)
Quarterly Financial Data (unaudited) (details)
Quarterly Financial Data (unaudited) (tables)
Related Party Transactions (details)
Restructuring Activities (details)
Restructuring Activities (notes)
Restructuring Activities (tables)
Schedule Ii - Valuation And Allowance
Schedule Ii - Valuation And Allowance (details)
Segment Information
Segment Information (details)
Segment Information (tables)
Stock-based Compensation
Stock-based Compensation (details)
Stock-based Compensation (tables)
Stock-based Compensation Employee Stock Purchase Plan (details)
Stock-based Compensation Market Stock Units (details)
Stock-based Compensation Outstanding Options (details)
Stock-based Compensation Restricted Stock Units (details)
Stock-based Compensation Stock Option Plans (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies Concentration Of Credit Risk (details)
Summary Of Significant Accounting Policies Derivative Instsruments (details)
Summary Of Significant Accounting Policies Intangible Assets And Goodwill (details)
Summary Of Significant Accounting Policies Property, Plant And Equipment (details)
Summary Of Significant Accounting Policies Related Party Transactions (details)
Summary Of Significant Accounting Policies Revenue Recognition (details)
Ticker: MXIM
CIK: 743316
Form Type: 10-K Annual Report
Accession Number: 0000743316-15-000029
Submitted to the SEC: Mon Aug 17 2015 7:18:45 PM EST
Accepted by the SEC: Tue Aug 18 2015
Period: Saturday, June 27, 2015
Industry: Semiconductors And Related Devices

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