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MAXIM INTEGRATED PRODUCTS INC

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2021 10-K, filed Aug 20, 2021. Its latest SEC filing is a 10-K/A from Sep 7, 2021.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Designs, manufactures and sells analog integrated circuits for customers in automotive, communications and data center, and consumer and industrial markets.

How Did They Make Money?

The company gets paid for direct and distributor sales after products ship; for consigned inventory, the customer owes payment when it takes title.

revenue

Who Were Their Customers?

The company serves customers across diverse industries worldwide through direct sales and distributor channels. Customers and distributors generally place individual purchase orders rather than buy under long-term agreements.

Customers above 10% of revenue, FY2021
of revenue from two customers (21%, 17%)
FY2020: 35% from two customers

Did Revenues Turn Into Profits?

Yes. It kept 31 cents of every revenue dollar as net income in .

Operating income,
36% of revenue
▲ +38% vs ($686.4M, 31%)
Net income,
31% of revenue
▲ +26% vs ($654.7M, 30%)

How Were They Changing?

Since the FY2021 annual report
  • Aug 26, 2021 Maxim completed its merger with Analog Devices Maxim became a wholly owned subsidiary of Analog Devices, and its shares were delisted from Nasdaq.
  • Aug 23, 2021 Maxim and Analog Devices received all required regulatory approvals The companies said the merger was expected to close after the remaining customary closing conditions.

Grew. Revenue grew 15% in 4 years, from $2.3B in to $2.6B in , about 3% a year.

Computing grouped with communications Computing was folded into communications and data center: the latest report places desktop computers, notebook computers, and peripherals in that market rather than presenting computing as a separate end market.

Who Did They Compete With?

Competes with Analog Devices, Cirrus Logic, Monolithic Power Systems, NXP Semiconductors, Semtech, Silicon Laboratories, and Texas Instruments

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