On Jan. 25, Conexant (NASDAQ:CNXT) released first-quarter earnings for the period ended Dec. 29, 2006.

  • Continued growth in demand for its set-top box products led to a 6.4% increase in revenue.
  • The second quarter is expected to be weak because of the seasonal decline in demand for PC modem and PC video products. The company expects the revenues to decline 8% to 10% sequentially.
  • 109 of 132 investors rate Conexant an outperform in our new community intelligence database, Motley Fool CAPS. To find out more about CAPS, click here.

(Figures in millions, except per-share data)

Income Statement Highlights

Q1 2007

Q1 2006

Change

Sales

$245.5

$230.7

6.4%

Net Profit

$1.0

($24.3)

N/A

EPS

$0.00

($0.05)

N/A

Diluted Shares

492.6

474.0

3.9%



Get back to basics with a look at the income statement.

Margin Checkup

Q1 2007

Q1 2006

Change*

Gross Margin

44.6%

41.5%

3.1

Operating Margin

0.6%

(6.9%)

7.5

Net Margin

0.4%

(10.5%)

10.9

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q1 2007

Q1 2006

Change

Cash + ST Invest.

$617.8

$414.8

48.9%

Accounts Rec.

$129.5

$84.6

53.1%

Inventory

$84.1

$78.8

6.6%



Liabilities

Q1 2007

Q1 2006

Change

Accounts Payable

$106.4

$108.0

(1.5%)

Long-Term Debt*

$981.5

$711.8

37.9%

*Includes current portion

Learn the ways of the balance sheet.

Cash Flow Highlights

No data for cash flow statements. (Lame!)

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  • Agere Systems (NYSE:AGR)
  • Broadcom (NASDAQ:BRCM)
  • Atheros Communications (NASDAQ:ATHR)

Related Foolishness:

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