Maxim Integrated Products (MXIM) Tops Q4 EPS by 1c, Offers Q1 Guidance

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Go back to Maxim Integrated Products (MXIM) Tops Q4 EPS by 1c, Offers Q1 Guidance

Maxim Integrated Reports Results For The Fourth Quarter Of Fiscal 2016, Increases Dividend By 10%

July 21, 2016 4:01 PM EDT

SAN JOSE, Calif., July 21, 2016 /PRNewswire/ -- Maxim Integrated Products, Inc. (NASDAQ: MXIM) reported net revenue of $566 million for its fourth quarter of fiscal 2016 ended June 25, 2016, a 2% increase from the $555 million revenue recorded in the prior quarter, and a 3% decrease from the same quarter of last year.

Tunc Doluca, President and Chief Executive Officer, commented, "In our June quarter, we surpassed the $100 million dollar quarterly revenue mark in Automotive, and the business grew 30% over the same quarter last year.... More