8-K

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934


Date of Report (Date of earliest event reported):   April 25, 2013

HITTITE MICROWAVE CORPORATION
(Exact Name of Registrant as Specified in Charter)

Delaware	000-51448	04-2854672
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)

2 Elizabeth Drive, Chelmsford, Massachusetts 01824
(Address of principal executive offices) (Zip Code)

(978) 250-3343
(Registrant’s telephone number, including area code)


(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below).

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On April 25, 2013, Hittite Microwave Corporation issued a press release announcing its financial results for the first quarter of fiscal 2013.  The full text of the press release is attached hereto as Exhibit 99.1 to this Report and is incorporated by reference herein.

In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1.     Press Release, dated April 25, 2013, entitled “Hittite Microwave Corporation Reports Financial Results For The First Quarter Of 2013.”

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		HITTITE MICROWAVE CORPORATION
		By:	/s/ William W. Boecke
			William W. Boecke
			Chief Financial Officer
Date:	April 25, 2013

Exhibit Index

Exhibit No.	Description
99.1	Press Release of Hittite Microwave Corporation, dated April 25, 2013.

EX-99.1

Exhibit 99.1

Hittite Microwave Corporation Reports Financial Results for the First Quarter of 2013

CHELMSFORD, Mass.--(BUSINESS WIRE)--April 25, 2013--Hittite Microwave Corporation (NASDAQ:HITT) today reported revenue for the first quarter ended March 31, 2013 of $67.7 million, an increase of 6.9% compared with $63.3 million for the first quarter of 2012, and a decrease of 1.2% compared with $68.5 million for the fourth quarter of 2012. Net income for the quarter was $17.6 million, or $0.57 per diluted share, an increase of 10.0% compared with $16.0 million, or $0.52 per diluted share, for the first quarter of 2012, and comparable with $17.7 million, or $0.57 per diluted share, for the fourth quarter of 2012.

For the first quarter of 2013, revenue from customers in the United States was $30.2 million, or 44.7% of the company’s total revenue, and revenue from customers outside the United States was $37.5 million, or 55.3% of total revenue. Gross margin was 73.7% for the first quarter of 2013, compared with 73.7% for the first quarter of 2012 and 73.3% for the fourth quarter of 2012. Operating income for the first quarter of 2013 was $27.1 million, or 40.1% of revenue, compared with $25.5 million, or 40.2% of revenue, for the first quarter of 2012 and $28.0 million, or 40.8% of revenue, for the fourth quarter of 2012. Total cash and marketable securities at March 31, 2013 was $429.4 million, an increase of $20.1 million for the quarter.

Business Outlook

The company expects revenue for the second quarter ending June 30, 2013 to be in the range of $66.5 million to $68.5 million and net income to be in the range of $16.7 million to $17.7 million, or $0.54 to $0.57 per diluted share.

Webcast and Taped Replay

The company will host a conference call to discuss its financial results at 5:00 p.m. ET today. The conference call can be accessed by dialing (480) 629-9770. A live webcast of the call will be available online on the Hittite Microwave website. To listen to the live webcast, go to the Investors page of the Hittite Microwave website at www.hittite.com and click on the webcast link located under News & Events. A telephonic replay of the call also will be available for one week after the live call by dialing (303) 590-3030, access code 4611860. Following the call, a webcast replay will also be available by visiting the Investors page at www.hittite.com.

About Hittite Microwave Corporation

Hittite Microwave Corporation is an innovative designer and manufacturer of high performance integrated circuits, or ICs, modules, subsystems and instrumentation for technically demanding digital, RF, microwave and millimeterwave applications covering DC to 110 GHz. The company’s standard and custom products apply analog, digital and mixed-signal semiconductor technologies, which are used in a wide variety of wireless & wired communication and sensor applications for the automotive, broadband, cellular infrastructure, fiber optic, microwave & millimeterwave communications, military, space and test & measurement markets. The company is headquartered in Chelmsford, Massachusetts.

“Safe Harbor Statement” under the Private Securities Litigation Reform Act of 1995

Statements in this press release regarding Hittite Microwave Corporation that do not relate to historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, any statements regarding our expectations as to future levels of revenue, net income and earnings per share. Readers are cautioned that these forward-looking statements are subject to risks and uncertainties and are only predictions, and actual future events and results may differ materially from these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: the impact of macro-economic conditions on demand for our products; our ability to effectively manage our costs and expenses in response to fluctuations in our growth rate; market acceptance of our new products; our ability to assess accurately our end market requirements; our success in maintaining the business of our significant customers; our ability to keep pace with new semiconductor processes; risks related to our dependence on third-party suppliers; regulatory, operational, financial and political risks inherent in operating internationally; competition within the semiconductor industry; product returns and warranty claims; the possibility that intellectual property claims initiated by or against us could be costly or have adverse outcomes; and other risks and uncertainties that are discussed under “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2012, as filed with the Securities and Exchange Commission.

Hittite Microwave Corporation
Condensed Consolidated Balance Sheets (unaudited)
(In thousands)
	March 31, 2013		December 31, 2012
Assets
Current assets:
Cash and cash equivalents	$	239,325	$	269,157
Marketable securities		190,028		140,069
Accounts receivable, net		35,340		30,921
Inventories		71,976		65,926
Income taxes receivable		152		1,566
Prepaid expenses and other current assets		3,380		2,761
Deferred taxes		14,557		14,988
Total current assets		554,758		525,388
Property and equipment, net		35,820		36,294
Deferred taxes		1,210		709
Other assets		10,262		11,172
Total assets	$	602,050	$	573,563
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	3,879	$	3,205
Accrued expenses		16,833		12,889
Income taxes payable		4,373		584
Deferred revenue and customer advances		4,142		4,699
Total current liabilities		29,227		21,377
Long-term income taxes payable		1,543		412
Deferred taxes		576		446
Other liabilities		114		124
Total liabilities		31,460		22,359
Total stockholders' equity		570,590		551,204
Total liabilities and stockholders' equity	$	602,050	$	573,563

Hittite Microwave Corporation
Condensed Consolidated Statements of Operations (unaudited)
(In thousands except per-share data)
	Three Months Ended March 31,
		2013			2012
Revenue	$	67,696		$	63,323
Cost of revenue		17,797			16,682
Gross profit		49,899			46,641
		73.7	%		73.7	%
Operating expenses:
Research and development		13,218			11,783
Sales and marketing		5,790			5,635
General and administrative		3,771			3,768
Total operating expenses		22,779			21,186
Income from operations		27,120			25,455
		40.1	%		40.2	%
Interest and other income (expense), net		96			(106	)
Income before income taxes		27,216			25,349
Provision for income taxes		9,618			9,357
Net income	$	17,598		$	15,992
Earnings per share:
Basic	$	0.58		$	0.53
Diluted	$	0.57		$	0.52
Weighted average shares outstanding:
Basic		30,540			30,328
Diluted		31,049			30,802

CONTACT:
Hittite Microwave Corporation
William W. Boecke, 978-250-3343
V.P. and Chief Financial Officer