LONDON, UK / ACCESSWIRE / February 02, 2018 / Active-Investors.com has just released a free earnings report on Maxim Integrated Products, Inc. (NASDAQ: MXIM) ("Maxim"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MXIM. The Company posted its second quarter fiscal 2018 (Q2 FY18) financial results on January 25, 2018. The leading mixed signal integrated circuits manufacturers' revenue and earnings surpassed market expectations and raised its dividend by 17%. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Maxim Integrated Products most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=MXIM

Earnings Highlights and Summary

During the second quarter of the fiscal year 2018, Maxim posted net sales of $622.64 million compared to $551.00 million in Q2 FY17, reflecting an increase of 13%. The upside was driven by double-digit increases in the Industrial Products and Automotive Products segments. The Company's revenue numbers beat analysts' estimates of $619.90 million.

The Company's gross profit was $409.68 million in Q2 FY18 compared to $340.18 million in Q2 FY17, increasing 20.43% on a y-o-y basis. Maxim's selling, general, and administrative expenses (SG&A) amounted to $85.32 million in the reported quarter compared to $71.54 million in Q2 FY17, increasing 19.26% on a y-o-y basis. The Company's operating income was $201.05 million in Q2 FY18 compared to $149.07 million in Q2 FY17, advancing 34.86% on a y-o-y basis.

Maxim's net loss was $75.02 million in the reported quarter compared to a net income of $130.48 million in Q2 FY17. The Company's loss per share was $0.27 in Q2 FY18 compared to earnings per share (EPS) of $0.45 in the second quarter of the previous fiscal year. The loss was due to acquisition-related charges of $12.00 million, $6.00 million charges related to restructuring activities, and tax special items consisting of $244.00 million due to the corporate Tax Reform.

Maxim's adjusted net income was $186.07 million in Q2 FY18 compared to $132.70 million in Q2 FY17, surging 40.22% on a y-o-y basis. The Company's adjusted EPS were $0.65 in the reported quarter compared to $0.46 in Q2 FY17, reflecting an increase of 41.30% on a y-o-y basis, and beating analysts' estimates of $0.64.

Segment Details

Maxim has three business segments, namely: (i) Automotive Products segment, (ii) Industrial Products segment, and (iii) Consumer Products segment.

The Automotive Products segment's revenues increased 25% on a y-o-y basis in Q2 FY18, primarily driven by a growth in infotainment. Revenues from the Industrial Products segment increased 29% in Q2 FY18, due to higher sales of core industrial products. These increases were partially offset by a decrease in revenue from the Consumer Products segment of 5% in the reported quarter, primarily due to lower shipments of smartphone products.

On a geographical basis, the US region posted net sales of $82.62 million in Q2 FY18 compared to $63.39 million in Q2 FY17, increasing 30.35% on a y-o-y basis. China's sales were $230.19 million in Q2 FY18 compared to $212.82 million in Q2 FY17, increasing 8.16% over the year ago same period. Rest of Asia's sales advanced 5.11% to $182.95 million in the reported quarter compared to $174.06 million in Q2 FY17. European region recorded net sales of $111.55 million in Q2 FY18 compared to $87.28 million in Q2 FY17, increasing 27.80%. Rest of the world's sales were $15.33 million in the reported quarter compared to $13.45 million in Q2 FY17, increasing 13.92% on a y-o-y basis.

Cash Matters

Maxim had cash and cash equivalents of $2.82 billion as on December 30, 2017, compared to $2.09 billion as on December 24, 2016. The Company's cash inflow from operating activities was $229.88 million in the reported quarter compared to $192.63 million in Q2 FY17. The Company's trailing twelve months free cash flow was $849.00 million.

Maxim's Board of Directors declared a regular quarterly cash dividend of $0.42 per share, payable on March 15, 2018, to shareholders of record as on March 01, 2018. During the reported quarter, Maxim repurchased shares worth $77.00 million.

Outlook

For the third quarter of the fiscal year 2018, Maxim expects sales to be in the range of $620.00 million - $660.00 million. The Company's adjusted EPS is estimated to be in the band of $0.66 - $0.72, and gross margin to be in the range of 64.00% - 66.00%.

Stock Performance Snapshot

February 01, 2018 - At Thursday's closing bell, Maxim Integrated Products' stock marginally climbed 0.23%, ending the trading session at $61.14.

Volume traded for the day: 2.29 million shares, which was above the 3-month average volume of 2.27 million shares.

Stock performance in the last month ? up 15.42%; previous three-month period ? up 16.37%; past twelve-month period ? up 36.60%; and year-to-date ? up 16.95%

After yesterday's close, Maxim Integrated Products' market cap was at $17.25 billion.

Price to Earnings (P/E) ratio was at 29.85.

The stock has a dividend yield of 2.36%.

The stock is part of the Technology sector, categorized under the Semiconductor - Broad Line industry. This sector was flat at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors