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Maxim Integrated Products Inc (MXIM) SEC Filing 10-Q Quarterly report for the period ending Saturday, December 24, 2016

Maxim Integrated Products Inc

CIK: 743316 Ticker: MXIM


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Press Release

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Kathy Ta
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MAXIM INTEGRATED REPORTS RESULTS FOR THE SECOND QUARTER OF FISCAL 2017

Revenue: $551 million
Gross Margin: 61.7% GAAP (64.1% excluding special items)
EPS: $0.45 GAAP profit ($0.46 profit excluding special items)
Cash, cash equivalents, and short term investments: $2.09 billion
Fiscal third quarter revenue outlook: $555 million to $595 million

SAN JOSE, CA - January 26, 2017 - Maxim Integrated Products, Inc. (NASDAQ:MXIM) reported net revenue of $551 million for its second quarter of fiscal 2017 ended December 24, 2016, a 2% decrease from the $561 million revenue recorded in the prior quarter, and an 8% increase from the same quarter of last year.

Tunc Doluca, President and Chief Executive Officer, commented, “Our December quarter marked the beginning of our return to revenue growth, as Automotive, Core Industrial and diversification in Consumer all contributed gains from the same quarter last year.” Mr. Doluca continued, “In the March quarter, we expect to build upon our growth momentum in our Automotive and Industrial businesses.”

Fiscal Year 2017 Second Quarter Results
Based on Generally Accepted Accounting Principles (GAAP), diluted earnings per share in the December quarter was $0.45. The results were affected by pre-tax special items which primarily consisted of $14 million in charges related to acquisitions, a $5 million gain on the sale of available-for-sale securities, and $4 million in charges related to restructuring activities. GAAP earnings per share, excluding special items was $0.46. An analysis of GAAP versus GAAP excluding special items is provided in the last table of this press release.

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The following information was filed by Maxim Integrated Products Inc (MXIM) on Thursday, January 26, 2017 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Maxim Integrated Products Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information Document
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets Parenthetical
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Income
Balance Sheet Components
Balance Sheet Components (details)
Balance Sheet Components (tables)
Basis Of Presentation
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies (details)
Common Stock Repurchases
Common Stock Repurchases (details)
Comprehensive Income Loss
Comprehensive Income Loss (tables)
Comprehensive Income Loss Accumulated Other Comprehensive Income (loss) (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 Financial Instruments, Credit Facility (details)
Financial Instruments Financial Instruments, Securities Received As Consideration (details)
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 Useful Lives Of Amortizable Intangible Assets (details)
Goodwill And Intangible Assets, Intangible Assets (details)
Impairment Of Long-lived Assets (details)
Impairment Of Long-lived Assets (notes)
Income Taxes
Income Taxes (details)
Recently Issued Accounting Pronouncements
Recently Issued Accounting Pronouncements (details)
Restructuring Activities (details)
Restructuring Activities (notes)
Restructuring Activities (tables)
Restructuring Activities Change In Estimate (details)
Segment Information
Segment Information (details)
Segment Information (tables)
Stock-based Compensation
Stock-based Compensation (details)
Stock-based Compensation (tables)
Stock-based Compensation Stock Based Compensation, Market Stock Units (details)
Stock-based Compensation, Employee Stock Purchase Plan (details)
Stock-based Compensation, Fair Value Of Options (details)
Stock-based Compensation, Restricted Stock Units (details)
Stock-based Compensation, Stock Option Plans (details)
Ticker: MXIM
CIK: 743316
Form Type: 10-Q Quarterly Report
Accession Number: 0000743316-17-000005
Submitted to the SEC: Fri Jan 27 2017 4:18:46 PM EST
Accepted by the SEC: Fri Jan 27 2017
Period: Saturday, December 24, 2016
Industry: Semiconductors And Related Devices

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