Maxim Integrated Products
The 10-second takeaway
For the quarter ended June 29 (Q4), Maxim Integrated Products missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly. Non-GAAP earnings per share shrank. GAAP earnings per share grew.
Gross margins shrank, operating margins shrank, net margins expanded.
Maxim Integrated Products reported revenue of $608.2 million. The 23 analysts polled by S&P Capital IQ wanted to see revenue of $625.8 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.44. The 26 earnings estimates compiled by S&P Capital IQ predicted $0.47 per share. Non-GAAP EPS of $0.44 for Q4 were 2.2% lower than the prior-year quarter's $0.45 per share. GAAP EPS of $0.40 for Q4 were 8.1% higher than the prior-year quarter's $0.37 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 61.1%, 40 basis points worse than the prior-year quarter. Operating margin was 25.5%, 70 basis points worse than the prior-year quarter. Net margin was 19.6%, 130 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $586.0 million. On the bottom line, the average EPS estimate is $0.46.
Next year's average estimate for revenue is $2.46 billion. The average EPS estimate is $1.87.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 281 members out of 309 rating the stock outperform, and 28 members rating it underperform. Among 96 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 88 give Maxim Integrated Products a green thumbs-up, and eight 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 $33.81.
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