Maxim Integrated Products (Nasdaq: MXIM ) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 30 (Q3), Maxim Integrated Products beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew significantly.
Margins grew across the board.
Maxim Integrated Products notched revenue of $604.9 million. The 22 analysts polled by S&P Capital IQ predicted revenue of $596.8 million on the same basis. GAAP reported sales were 5.9% higher than the prior-year quarter's $571.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.45. The 23 earnings estimates compiled by S&P Capital IQ averaged $0.41 per share. Non-GAAP EPS of $0.45 for Q3 were 36% higher than the prior-year quarter's $0.33 per share. (The prior-year quarter included $0.11 per share in earnings from discontinued operations.) GAAP EPS of $0.44 for Q3 were 144% higher than the prior-year quarter's $0.18 per share. (The prior-year quarter included $0.11 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 62.2%, 350 basis points better than the prior-year quarter. Operating margin was 25.5%, 530 basis points better than the prior-year quarter. Net margin was 21.7%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $630.1 million. On the bottom line, the average EPS estimate is $0.47.
Next year's average estimate for revenue is $2.46 billion. The average EPS estimate is $1.78.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 280 members out of 306 rating the stock outperform, and 26 members rating it underperform. Among 96 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 89 give Maxim Integrated Products a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Maxim Integrated Products is outperform, with an average price target of $34.49.
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