Maxim Integrated Products (MXIM) Reports In-Line Q2 EPS, Beats on Revenues; Offers Q3 EPS/Revenue Outlook Above Consensus

Maxim Integrated Products (NASDAQ: MXIM) reported Q2 EPS of $0.65, in-line with the analyst estimate of $0.65. Revenue for the quarter came in at $623 million versus the consensus estimate of $620.49 million.

Business Outlook

The Company's 90-day backlog at the beginning of the March 2018 quarter was $446 million. Based on the beginning backlog and expected turns, our results for the March 2018 quarter are forecasted to be as follows:

• Revenue: $620 to $660 million
• Gross Margin: 64% to 66% GAAP (66% to 68% excluding special items)
• EPS: $0.63 to $0.69 GAAP ($0.66 to $0.72 excluding special items)

GUIDANCE:

Maxim Integrated Products sees Q3 2018 EPS of $0.66-$0.72, versus the consensus of $0.63. Maxim Integrated Products sees Q3 2018 revenue of $620-660 million, versus the consensus of $602.25 million.

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

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