{"id":518391,"date":"2021-07-27T16:06:12","date_gmt":"2021-07-27T20:06:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/maxim-integrated-reports-results-for-the-fourth-quarter-of-fiscal-2021\/"},"modified":"2021-07-27T16:06:12","modified_gmt":"2021-07-27T20:06:12","slug":"maxim-integrated-reports-results-for-the-fourth-quarter-of-fiscal-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/maxim-integrated-reports-results-for-the-fourth-quarter-of-fiscal-2021\/","title":{"rendered":"Maxim Integrated Reports Results For The Fourth Quarter Of Fiscal 2021"},"content":{"rendered":"
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– Revenue: $720 million<\/h2>\n

– Gross Margin: 67.2% GAAP (67.7% excluding special items)<\/h2>\n

– EPS: $0.93 GAAP ($0.91 excluding special items)<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n SAN JOSE, Calif.<\/span>, July 27, 2021<\/span> \/PRNewswire\/ —\u00a0Maxim Integrated Products, Inc. (NASDAQ:MXIM) reported net revenue of $720 million<\/span> for its fourth quarter of fiscal 2021 ended June 26, 2021<\/span>, an 8% increase from the $665 million<\/span> revenue recorded in the prior quarter, and a 32% increase from the same quarter of last year. <\/p>\n

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“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<\/span>, President and Chief Executive Officer. <\/p>\n

\n Fiscal Year 2021 Fourth Quarter Results
<\/b>Based on Generally Accepted Accounting Principles (GAAP), diluted earnings per share in the June quarter was $0.93<\/span>, which benefited from a $13 million<\/span> tax reserve release. The results were affected by $6 million<\/span> in pre-tax special items which primarily consisted of $4 million<\/span> of expenses related to prior acquisitions and $2 million<\/span> in charges related to our upcoming combination with Analog Devices. GAAP earnings per share, excluding special items was $0.91<\/span>. An analysis of GAAP versus GAAP excluding special items is provided in this press release. <\/p>\n

\n Cash Flow Items
<\/b>At the end of the fourth quarter of fiscal 2021, total cash, cash equivalents and short-term investments were $2.3 billion<\/span>, up $257 million<\/span> from the prior quarter. <\/p>\n

Notable items included:<\/p>\n