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Maxim Integrated Products Inc (MXIM) SEC Filing 10-Q Quarterly report for the period ending Saturday, September 29, 2018

Maxim Integrated Products Inc

CIK: 743316 Ticker: MXIM


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Press Release

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Kathy Ta
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(408) 601-5697

MAXIM INTEGRATED REPORTS RESULTS FOR THE FIRST QUARTER OF FISCAL 2019

Revenue: $638 million
Gross Margin: 67.4% GAAP (68.5% excluding special items)
EPS: $0.70 GAAP ($0.75 excluding special items)
Fiscal second quarter revenue outlook: $570 to $610 million
Increasing capital return to 125% of free cash flow in fiscal 2019 through additional share repurchases
Board of Directors approved new $1.5 billion share repurchase authorization

SAN JOSE, CA – October 30, 2018 – Maxim Integrated Products, Inc. (NASDAQ:MXIM) reported net revenue of $638 million for its first quarter of fiscal 2019 ended September 29, 2018, a 1% increase from the $633 million revenue recorded in the prior quarter, and an 11% increase from the same quarter of last year.

Tunç Doluca, President and Chief Executive Officer, commented, “Our September quarter results were solid. Compared to the same quarter last year, revenue and profitability grew strongly, driven by Automotive, Consumer, Industrial and Data Center.  Looking forward, we are seeing softening business conditions. However, we believe our business model enables us to be successful in any environment. Due to our strong free cash flow and positive net cash balance, we plan to return 125 percent of free cash flow to shareholders this fiscal year, by increasing the share buyback. We believe buying our shares is the best use of our cash in the current environment.” 

Fiscal Year 2019 First Quarter Results
Based on Generally Accepted Accounting Principles (GAAP), diluted earnings per share in the September quarter was $0.70. The results were affected by $8 million in pre-tax special items which primarily

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The following information was filed by Maxim Integrated Products Inc (MXIM) on Tuesday, October 30, 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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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, Goodwill (Details)
Goodwill And Intangible Assets, Intangible Assets (Details)
Impairment Of Long-Lived Assets (Details)
Income Taxes
Income Taxes (Details)
Recently Issued Accounting Pronouncements
Recently Issued Accounting Pronouncements (Details)
Recently Issued Accounting Pronouncements Cumulative Effect Of The Changes To The Condensed Consolidated Balance Sheet From The Adoption Of Topic 606 (Tables)
Recently Issued Accounting Pronouncements Schedule Of Prospective Adoption Of New 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)
Ticker: MXIM
CIK: 743316
Form Type: 10-Q Quarterly Report
Accession Number: 0000743316-18-000038
Submitted to the SEC: Thu Nov 01 2018 12:41:04 PM EST
Accepted by the SEC: Thu Nov 01 2018
Period: Saturday, September 29, 2018
Industry: Semiconductors And Related Devices

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