SAN FRANCISCO—Analog chip vendors Maxim Integrated Products Inc., Alpha and Omega Semiconductor Ltd. and MaxLinear Inc. Thursday (Oct. 28) reported profits for their most recently concluded quarters.
Maxim (Sunnyvale, Calif.) reported record sales for the quarter ended Sept. 25 of $626.1 million, up 11 percent from the previous quarter and up 39 percent from the same period of 2009. The company posted a net income for the quarter of $117.6 million, up 101 percent from the previous quarter and up 180 percent compared with the year ago quarter.
Consensus analyst expectations called for Maxim to report sales of $614 million, according to Yahoo Finance.
Maxim said its 90-day order backlog decreased by 2 percent to $601 million during the quarter. The company said it expects revenue for the current quarter to decrease to between $595 million and $625 million.
Alpha and Omega (Sunnyvale) reported revenue for the quarter ended Sept. 30 of $89.4 million, up 19.7 percent from the previous quarter and up $74.7 million for the year ago quarter. The company reported a net profit for the quarter of $8.9 million, flat with the previous quarter and down 4 percent from the year-ago quarter.
Alpha and Omega said it expects revenue for the current quarter of between $81 million and $86 million. The company expects to report an operating profit of $6 million to $7.5 million.
MaxLinear (Carlsbad, Calif.) posted third quarter revenue of $.18.5 million, up 2 percent compared to the previous quarter and up 14 percent compared to the year-ago quarter. The company reported a net income for the quarter of $1.4 million, down from $1.8 million in the previous quarter and $2.2 million in the year-ago quarter.
"Growth in our digital television receiver business and our cable system-on-chip products contributed to record revenue in the third quarter although, as previously announced, we began to see softness toward the end of the quarter," said Kishore Seendripu, MaxLinear's chairman and CEO, in a statement.