Maxim Integrated Products
The 10-second takeaway
For the quarter ended Dec. 29 (Q2), Maxim Integrated Products met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share dropped.
Gross margins grew, operating margins expanded, net margins dropped.
Maxim Integrated Products reported revenue of $605.3 million. The 24 analysts polled by S&P Capital IQ wanted to see net sales of $610.2 million on the same basis. GAAP reported sales were 2.4% higher than the prior-year quarter's $591.4 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 $0.42. The 26 earnings estimates compiled by S&P Capital IQ anticipated $0.41 per share. GAAP EPS of $0.26 for Q2 were 10% lower than the prior-year quarter's $0.29 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 60.0%, 120 basis points better than the prior-year quarter. Operating margin was 23.5%, 310 basis points better than the prior-year quarter. Net margin was 12.7%, 220 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $595.9 million. On the bottom line, the average EPS estimate is $0.41.
Next year's average estimate for revenue is $2.46 billion. The average EPS estimate is $1.77.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 282 members out of 307 rating the stock outperform, and 25 members rating it underperform. Among 104 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 99 give Maxim Integrated Products a green thumbs-up, and five 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 $31.17.
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