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Maxim Integrated Products Inc (MXIM) SEC Filing 10-Q Quarterly report for the period ending Saturday, March 31, 2018

Maxim Integrated Products Inc

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CIK: 743316 Ticker: MXIM


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Press Release

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Kathy Ta
Vice President, Investor Relations
(408) 601-5697

MAXIM INTEGRATED REPORTS RESULTS FOR THE THIRD QUARTER OF FISCAL 2018

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Revenue: $649 million
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Gross Margin: 65.4% GAAP (67.2% excluding special items)
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EPS: $0.68 GAAP ($0.73 excluding special items)
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Fiscal fourth quarter revenue outlook: $610 to $650 million

SAN JOSE, CA – April 26, 2018 – Maxim Integrated Products, Inc. (NASDAQ:MXIM) reported net revenue of $649 million for its third quarter of fiscal 2018 ended March 31, 2018, a 4% increase from the $623 million revenue recorded in the prior quarter, and a 12% increase from the same quarter of last year.  

Tunc Doluca, President and Chief Executive Officer, commented, “We are pleased with our performance in the March quarter. Compared to the same quarter last year, revenue grew strongly, driven by our power management products in Consumer, Automotive and Industrial with continued solid profitability.” Mr. Doluca continued, “Looking forward, we continue to expect significant growth drivers in Automotive, Industrial and Data Center.” 

Fiscal Year 2018 Third Quarter Results
Based on Generally Accepted Accounting Principles (GAAP), diluted earnings per share in the March quarter was $0.68. The results were affected by pre-tax special items which primarily consisted of $13 million in charges related to acquisitions and $3 million in charges related to restructuring activities. GAAP earnings per share, excluding special items was $0.73. 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, April 26, 2018 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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Maxim Integrated Products Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

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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
Acquisitions (details)
Acquisitions (notes)
Balance Sheet Components
Balance Sheet Components (details)
Balance Sheet Components (tables)
Basis Of Presentation
Commitments And Contingencies
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 Gain (loss) From Hedging Activities (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, Goodwill (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, Restricted Stock Units (details)
Stock-based Compensation, Stock Option Plans (details)

Material Contracts, Statements, Certifications & more

Maxim Integrated Products Inc provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32.1: Section 1350 Certification
Exhibit 32.2: Section 1350 Certification
Ticker: MXIM
CIK: 743316
Form Type: 10-Q Quarterly Report
Accession Number: 0000743316-18-000021
Submitted to the SEC: Fri Apr 27 2018 4:26:43 PM EST
Accepted by the SEC: Fri Apr 27 2018
Period: Saturday, March 31, 2018
Industry: Semiconductors And Related Devices

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