SAN FRANCISCO—Analog and mixed-signal chip vendors Maxim Integrated Products Inc. and Skyworks Solutions Inc. Thursday (Jan. 20) again posted quarterly sales numbers that topped consensus analysts' expectations.
Maxim (Sunnyvale, Calif.) reported sales of $612.9 million for the quarter ended Dec. 25, 2010, down 2 percent from the previous quarter, but up 29 percent compared with the year ago quarter. Maxim reported a net income for the quarter of $109.6 million, or 37 cents per share, down 7 percent compared to the previous quarter but up 87 percent compared to the year-ago quarter.
Consensus analysts' expectations had called for Maxim to post sales for the quarter of about $607 million, according to Yahoo Finance.
"For the first time in Maxim's history, the contribution of highly integrated products to company revenue exceeded 30 percent during the December quarter," said Tunc Doluca, Maxim's president and CEO, in a statement.
Maxim said its 90-day backlog at the beginning of the third fiscal quarter was $512 million. The company said it expects sales for the first quarter of 2011 to be between $590 million and $620 million.
Skyworks (Woburn, Mass.) reported sales of $335.1 million for its first quarter of fiscal 2011, up 7 percent from the previous quarter and up 37 percent compared to the year-ago quarter. The company posted a GAAP net income of $60.9 million, up 117 percent from the year-ago period.
On a pro forma basis, excluding charges, Skyworks reported a net income of $92.8 million, up 78 percent from the year-ago period.
Consensus analysts' expectations called for Skyworks to report sales of about $334 million, according to Yahoo Finance.
Skyworks said it expects revenue for the current quarter to be between $310 million and $320 million, which would represent year-to-year growth of 30 to 34 percent.