Maxim Posts Record Q4 Sales
Staff Reporter -- EDN, August 4, 2006
Maxim Integrated Products Inc. reported record net revenues of $510.6 million for its fiscal Q4, a 6.8 percent increase over the previous quarter and a 27.5 percent increase over Q4 2005.
Net income for the quarter was $124.3 million, compared with $120.3 million from Q3, and consistent with net income from Q4 2005. Non-GAAP net income, which excludes the impact of total stock based compensation expense, for the quarter was $158.9 million, a 6.7 percent increase in earnings per share over the previous quarter and 29.7 percent over Q4 2005. The total amount of stock based compensation recorded during Q4 was $51.3 million on a pre-tax basis, as compared to $42.1 million for Q3.
Gross bookings for Q4 were approximately $557 million, a 4 percent increase from the Q3 level of $537 million. Q4 gross margin was 66.3 percent, and the company's non-GAAP gross margin percentage, which excludes $9.2 million of stock based compensation, was 68.1 percent for Q4.
