On Nov. 1, integrated-circuit designer Maxim Integrated Products (NASDAQ:MXIM) released fiscal first-quarter earnings for the period ended Sept. 30.
- Revenues increased by 18.5%, and EPS was up 6.5% on a GAAP basis.
- Gross margin was dampened by the recording of an additional $5 million in inventory reserves.
- Our Motley Fool CAPS community deems this a four-star stock, with 26 all-stars rating it an outperform, and only one calling it an underperform.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change | |
|---|---|---|---|
|
Sales |
$503 |
$424 |
18.5% |
|
Net Profit |
$108 |
$105 |
2% |
|
EPS |
$0.33 |
$0.31 |
6.5% |
|
Diluted Shares |
328 |
345 |
(4.9%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* | |
|---|---|---|---|
|
Gross Margin |
63.88% |
68.75% |
(4.87) |
|
Operating Margin |
30.00% |
34.36% |
(4.36) |
|
Net Margin |
21.39% |
24.83% |
(3.44) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$1,394 |
$1,585 |
(12.1%) |
|
Accounts Rec. |
$292 |
$213 |
37% |
|
Inventory |
$218 |
$183 |
18.9% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$139 |
$65 |
114.5% |
|
Long-Term Debt |
-- |
-- |
-- |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q1 2007 |
Q1 2006 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$214 |
$171 |
25.2% |
|
Capital Expenditures |
$95 |
$18 |
427.2% |
|
Free Cash Flow |
$119 |
$153 |
(22.2%) |
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Related companies:
- Advanced Micro Devices (NYSE:AMD)
- Infineon Technologies AG (NYSE:IFX)
- National Semiconductor (NYSE:NSM)
- Intersil (NASDAQ:ISIL)
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