Maxim Integrated Products Inc (MXIM) 10-Q Quarterly Report October 2019

SAN JOSE, CA - October 29, 2019 - Maxim Integrated Products, Inc. (NASDAQ:MXIM) reported net revenue of $533 million for its first quarter of fiscal 2020 ended September 28, 2019, a 4% decrease from the $557 million revenue recorded in the prior quarter, and a 17% decrease from the same quarter of last year.

“Our September quarter results met our earnings per share expectations, while also maintaining lean inventory levels,” said Tunc Doluca, President and Chief Executive Officer. “Looking forward to the December quarter, we expect sequential growth in Communications and Data Center, Automotive and Industrial, partially offset by smartphone-related headwinds and holiday seasonality in Consumer.”

The following information was filed by Maxim Integrated Products Inc (MXIM) on Tuesday, October 29, 2019 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 - Expense Highlight
The $5.4 million decrease was due to lower salaries and related personnel costs, and lower depreciation expense.

Financial - Earnings Highlight
Our gross margin decreased by 3.0 percentage points, primarily due to lower revenues.
Legal - Other Highlight
Maxim Integrated Products, Inc. ("Maxim Integrated" or the "Company" and also referred to as "we," "our" or "us") disclaims any duty to and undertakes no obligation to update any forward-looking statement, whether as a result of new information relating to existing conditions, future events or otherwise or to release publicly the results of any future revisions it may make to forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by federal securities laws.
Financial - Expense Highlight
The $3.7 million decrease was due to lower salaries and related personnel costs.
Financial - Earnings Highlight
Cash provided by operating activities decreased by $65.9 million for the three months ended September 28, 2019 compared with the three months ended September 29, 2018 due to lower net income, partially offset by changes in working capital.
Financial - Earnings
The Company's effective tax rate...Read more
Revenue - Product
While less than 1.0% of...Read more
Financial - Debt
We anticipate that the available...Read more
Financial - Income
The following table sets forth...Read more
Revenue - Product
Revenue from industrial products was...Read more
Revenue - Product
Revenue from communication and data...Read more
Financial - Shares
Cash used in financing activities...Read more
Financial - Cash Flow
Financing cash flows consist primarily...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

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

Exhibit 10.1: Material Contract

Exhibit 10.2: Material Contract

Exhibit 10.3: Material Contract

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: 0000743316-19-000041
Submitted to the SEC: Wed Oct 30 2019 12:03:57 PM EST
Accepted by the SEC: Wed Oct 30 2019
Period: Saturday, September 28, 2019
Industry: Semiconductors And Related Devices

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Maxim Integrated Products Inc (MXIM) SEC Filing 10-Q Quarterly report for the period ending Saturday, September 28, 2019

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