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Maxim Integrated reports mixed Q1, strong guidance

Published 10/19/2017, 04:36 PM
© Reuters.  Maxim Integrated reports mixed Q1, strong guidance
MXIM
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  • Maxim Integrated Products (NASDAQ:MXIM) shares are up 2.22% aftermarket following Q1 results that beat EPS and narrowly missed revenue estimates.
  • Q2 outlook: revenue, $600M to $640M (consensus: $583.9M); gross margin, 66% to 68%; EPS, $0.61 to $0.67 (consensus: $0.57).
  • Key financials: Non-GAAP gross margin was 66.9%. Operating expenses totaled $188.7M, up 9% primarily due to a nearly $3M increase in SG&A spending to $73.7M.
  • Cash flow: Cash flow from operations totaled $220M in the quarter. Gross capital expenditures were $14M and FCF TTM $819M. The company paid out $101M in dividends at $0.36 per share and repurchased $75M in stock.
  • Press release
  • Now read: Featured Stocks In September's Dividend Growth Model Portfolio


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