Maxim Integrated Products (MXIM) Tops Q1 EPS by 5c

Maxim Integrated Products (NASDAQ: MXIM) reported Q1 GAAP EPS of $0.63, which may not compare to the analyst estimate of $0.58. Revenue for the quarter came in at $619 million versus the consensus estimate of $545.15 million.

"Revenue in the September quarter increased strongly in Consumer and Automotive on a sequential basis. The robust uptick was driven by infotainment, driver assistance and electric vehicle content in Automotive, and across smartphones, gaming, wearables, tablets and broad-based personal electronics in Consumer. Revenue also grew across all of our major end markets compared to the same quarter a year ago, with double-digit growth in Communications and Data Center, Industrial and Automotive. Additionally, we are progressing per plan towards closure of our merger with Analog Devices,\" said Tunc Doluca, President and Chief Executive Officer.

For earnings history and earnings-related data on Maxim Integrated Products (MXIM) click here.

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