Maxim Integrated Products, Inc. Enables the Design of Surround-View Systems for Advanced Driver Assistance Systems with Fewer Components and Faster Time to Market
Jul 27 15
Maxim Integrated Products, Inc. enabled the design of surround-view systems for advanced driver assistance systems (ADAS) with fewer components and faster time to market. Just one MAX9286 gigabit multimedia serial link (GMSL) deserializer receives and automatically synchronizes video from up to four cameras. Surround view systems are a key component in emerging ADAS market. The MAX9286 automotive deserializer accepts and synchronizes video streams from four cameras via a shielded twisted-pair (STP) or coaxial cable by up to 15 meters. The MAX9286 outputs the data via a four-lane, industry-standard CSI-2 interface to a video processor. It reduces board space and component count by replacing four discrete deserializers and an FPGA. In addition, this highly integrated deserializer eliminates additional software required for camera synchronization. The MAX9286 is also well suited for machine vision and 3D-camera systems. Key Advantages Shortens design time: lowers design risk and time to market with automatic generation of camera synchronization signals, alignment of image data from multiple sensors to the same pixel, and user programmability of key parameters. Lowers cost: integration reduces board space and component count by eliminating four discrete deserializers and an FPGA. It also supports power over coaxial cabling to reduce wiring and cost. Diagnostic capability: enhances system integrity with on-chip diagnostics for link bit error rate (BER), detection of camera falling out of sync, or cable shorts to power/ground. Availability Available in 56-pin, 8mm x 8mm TQFN and QFND packages. Specified over the -40-degree Celsius to +105-degree Celsius temperature range. AEC-Q100 qualified parts are available. EV kit with SoC processor available; ADAS-specific reference designs developed with ecosystem partners also available.
Maxim Integrated Products, Inc. Reports Unaudited Consolidated Earnings Results for Fourth Quarter and Year Ended June 27, 2015; Provides Earnings Outlook for the First Quarter and Full Year of Fiscal 2016; Reports Impairment Charges for the Fourth Quarter of 2015; Announces Cash Dividend Payable on September 3, 2015
Jul 23 15
Maxim Integrated Products, Inc. reported unaudited consolidated earnings results for fourth quarter and year ended June 27, 2015. For the quarter, the company’s net revenues were $582,517,000 against $642,467,000 a year ago. Operating income was $94,948,000 against $116,550,000 a year ago. Income before provision for income tax was $123,448,000 against $107,607,000 a year ago. Net income was $98,659,000 or $0.34 per diluted share against $84,793,000 or $0.29 per diluted share a year ago. Net cash provided by operating activities was $221,788,000 against $234,084,000 a year ago. Purchase of property, plant and equipment was $15,360,000 against $23,654,000 a year ago. GAAP net income excluding special items was $124,093,000 or $0.43 per diluted share against $123,910,000 or $0.43 per diluted share a year ago. GAAP operating income, excluding special items, was $160 million or 27.6% of revenue. This increased from 25% in the prior quarter and 22.2% 2 quarters ago.
For the year, the company’s net revenues were $2,306,864,000 against $2,453,663,000 a year ago. Operating income was $237,280,000 against $422,291,000 a year ago. Income before provision for income tax was $246,170,000 against $409,226,000 a year ago. Net income was $206,038,000 or $0.71 per diluted share against $354,810,000 or $1.23 per diluted share a year ago. Net cash provided by operating activities was $693,704,000 against $776,107,000 a year ago. Purchase of property, plant and equipment was $75,816,000 against $132,523,000 a year ago. GAAP net income excluding special items was $440,639,000 or $1.52 per diluted share against $468,989,000 or $1.62 per diluted share a year ago.
Impairment of long-lived assets was $549,000 against $6,447,000 a year ago.
For the first quarter ending September 2015, the company expects revenue in the range of $545 million to $585 million; gross margin in the range of 51% to 54% GAAP (60% to 63% excluding special items); and EPS in the range $0.22 to $0.28 GAAP ($0.38 to $0.44 excluding special items).
First quarter 2015 and all of fiscal year 2016 tax rate, excluding special items, will be 18%. Gross capital additions are expected to be at the new lower target range of 1% to 3% of revenue. The company remains committed to meet and exceed its 30% operating margin target, which will benefit from expected revenue growth and planned spending reductions. The company is increasing profit margins and lowering CapEx to revenue. As a result, the company expects to continue to increase its free cash flow and earnings per share.
The company announced cash dividend of $0.30 per share will be paid on September 3, 2015, to stockholders of record on August 20, 2015. This represents a 7% increase in the dividend compared to the prior quarter.