Top-News
Dienstag,
27.07.2021 16:03
von
PR Newswire
| Aufrufe: 89
Maxim Integrated Reports Results For The Fourth Quarter Of Fiscal 2021
Ingenieur repariert einen Computer (Symbolbild).
© D-Keine / E+ / Getty Images
http://www.gettyimages.de/
PR Newswire
SAN JOSE, Calif., July 27, 2021
SAN JOSE, Calif., July 27, 2021 /PRNewswire/ -- Maxim Integrated Products, Inc. (NASDAQ:MXIM) reported net revenue of $720 million for its fourth quarter of fiscal 2021 ended June 26, 2021, an 8% increase from the $665 million revenue recorded in the prior quarter, and a 32% increase from the same quarter of last year.
"Maxim delivered record revenue in the June quarter, with sequential growth in all end markets, led by Industrial, Automotive, and Comms & Data Center. On the merger front, we are seeking final regulatory clearance for our combination with Analog Devices," said Tunc Doluca, President and Chief Executive Officer.
Fiscal Year 2021 Fourth Quarter Results
Based on Generally Accepted Accounting Principles (GAAP), diluted earnings per share in the June quarter was $0.93, which benefited from a $13 million tax reserve release. The results were affected by $6 million in pre-tax special items which primarily consisted of $4 million of expenses related to prior acquisitions and $2 million in charges related to our upcoming combination with Analog Devices. GAAP earnings per share, excluding special items was $0.91. An analysis of GAAP versus GAAP excluding special items is provided in this press release.
Cash Flow Items
At the end of the fourth quarter of fiscal 2021, total cash, cash equivalents and short-term investments were $2.3 billion, up $257 million from the prior quarter.
Notable items included:
- Cash flow from operations: $280 million
- Capital expenditures: $20 million
Trailing twelve months free cash flow was $859 million. Free cash flow is a non-GAAP measure and is defined by cash flow from operations less capital expenditures.
Dividend and Stock Repurchase
Per the terms of the Merger Agreement between the Company and Analog Devices, we will not declare a dividend that would have been paid in September 2021 and our stock repurchase program remains suspended.
Due to the pending merger with Analog Devices, Maxim Integrated will not be hosting a quarterly earnings conference call and has suspended the practice of providing forward-looking guidance. Investors are requested to review our Investor Relations website for the quarterly financial highlights and SEC filings for the latest updates on the pending transaction with Analog Devices.
| | | | | | | | | | | | |
| | CONSOLIDATED STATEMENTS OF INCOME | ||||||||||
| | (Unaudited) | ||||||||||
| | | | | | | | | | | | |
| | | Three Months Ended | | Year Ended | | ||||||
| | | June 26, 2021 | | March 27, 2021 | | June 27, 2020 | | June 26, 2021 | | June 27, 2020 | |
| | | (in thousands, except per share data) | | ||||||||
| | Net revenues | $ 719,855 | | $ 665,029 | | $ 545,369 | | $ 2,632,529 | | $ 2,191,395 | |
| | Cost of goods sold | 235,830 | | 222,144 | | 183,001 | | 872,183 | | 758,743 | |
| | Gross margin | 484,025 | | 442,885 | | 362,368 | | 1,760,346 | | 1,432,652 | |
| | Operating expenses: | | | | | | | | | | |
| | Research and development | 114,834 | | 109,228 | | 110,173 | | 454,330 | | 440,166 | |
| | Selling, general and administrative | 81,071 | | 76,544 | | 72,893 | | 320,722 | | 296,722 | |
| | Intangible asset amortization | 846 | | 846 | | 810 | | 3,554 | | 3,078 | |
| | Severance and restructuring expenses | 1,139 | | 155 | | 678 | | 13,434 | | 5,363 | |
| | Other operating expenses (income), net | 2,798 | | 8,848 | | (173) | | 22,606 | | 929 | |
| | Total operating expenses | 200,688 | | 195,621 | | 184,381 | | 814,646 | | 746,258 | |
| | Operating income | 283,337 | | 247,264 | | 177,987 | | 945,700 | | 686,394 | |
| | Interest and other income (expense), net | (5,723) | | (2) | | (8,488) | | (15,964) | | (8,298) | |
| | Income before taxes | 277,614 | | 247,262 | | 169,499 | | 929,736 | | 678,096 | |
| | Provision for (benefit from) income taxes (1)(2) | 23,875 | | 27,199 | | (37,799) | | 102,475 | | 23,402 Werbung Mehr Nachrichten zur Maxim Integrated Products Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1  Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News | |
