8-K

UNITED STATES

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: July 26, 2018

(Date of earliest event reported)

Commission file number 1-34192

MAXIM INTEGRATED PRODUCTS, INC.

(Exact name of Registrant as Specified in its Charter)

Delaware  (State or Other Jurisdiction of Incorporation or Organization) 94-2896096 (I.R.S. Employer I. D. No.)

160 Rio Robles

San Jose, California 95134

(Address of Principal Executive Offices including Zip Code)

(408) 601-1000

(Registrant's Telephone Number, Including Area Code)

Not Applicable

(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:

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

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

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

o 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 July 26, 2018, Maxim Integrated Products, Inc. (the "Company") announced via press release the Company's preliminary financial results for the fourth quarter of its 2018 fiscal year. A copy of the Company's press release is attached hereto as Exhibit 99.1.

The information in this Current Report and attached Exhibit 99.1 are furnished to, but not filed with, the Securities and Exchange Commission for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, and such information shall not be deemed to be incorporated by reference into any of the Company's filings with the Securities and Exchange Commission, except as shall be expressly set forth by specific reference in any such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The exhibit listed below is being furnished with this Form 8-K.

Exhibit	Description
99.1	Press release, dated July 26, 2018 announcing the Company's preliminary financial results for the fourth quarter of fiscal year 2018, increases dividend by 10%.

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.

Date: July 26, 2018

Maxim Integrated Products, Inc.

By:/s/ Sumeet Gagneja

Sumeet Gagneja

Vice President, Chief Accounting Officer

(Chief Accounting Officer and Duly Authorized Officer)

EXHIBIT INDEX

Exhibit	Description
99.1	Press release, dated July 26, 2018 announcing the Company's preliminary financial results for the fourth quarter of fiscal year 2018, increases dividend by 10%.

EX-99.1

Press Release

Contact

Kathy Ta

Vice President, Investor Relations

(408) 601-5697

MAXIM INTEGRATED REPORTS RESULTS FOR THE FOURTH QUARTER OF FISCAL 2018, INCREASES DIVIDEND BY 10%

• Revenue: $633 million

• Gross Margin: 66.1% GAAP (68.0% excluding special items)

• EPS: $0.68 GAAP ($0.73 excluding special items)

• Fiscal first quarter revenue outlook: $615 to $655 million

• Quarterly dividend increased 10% to $0.46 per share

SAN JOSE, CA – July 26, 2018 – Maxim Integrated Products, Inc. (NASDAQ:MXIM) reported net revenue of $633 million for its fourth quarter of fiscal 2018 ended June 30, 2018, a 2% decrease from the $649 million revenue recorded in the prior quarter, and a 5% increase from the same quarter of last year.  

Tunc Doluca, President and Chief Executive Officer, commented, “We are pleased with our June quarter results.  Our power management franchise in Automotive and Industrial is producing sustainable and profitable growth.” Mr. Doluca continued, “This execution against our strategy is resulting in strong and predictable cash flows, which support our industry-leading dividend and stock repurchase plans. Today, we are announcing a 10% increase in our dividend, reflecting our continued commitment to return cash to shareholders and confidence in our long-term outlook.” 

Fiscal Year 2018Fourth Quarter Results

Based on Generally Accepted Accounting Principles (GAAP), diluted earnings per share in the June quarter was $0.68. The results were affected by $12 million in pre-tax special items which primarily consisted of charges related to acquisitions. GAAP earnings per share, excluding special items was $0.73. An analysis of GAAP versus GAAP excluding special items is provided in the last table of this press release.

1

Cash Flow Items

At the end of the fourth quarter of fiscal 2018, total cash, cash equivalents and short-term investments were $2.63 billion, a decrease of $98 million from the prior quarter.

Notable items included: 

• Cash flow from operations: $147 million

• Capital expenditures: $12 million

• Dividends paid: $117 million ($0.42 per share)

• Stock repurchases: $128 million

Adjusted trailing twelve months free cash flow was $932 million, which excludes a one-time tax payment of $178 million in the fourth quarter of fiscal 2018. Free cash flow is a non-GAAP measure and is defined by cash flow from operations less capital expenditures. 

Business Outlook

The Company’s 90-day backlog at the beginning of the September 2018 quarter was $441 million. Based on the beginning backlog and expected turns, our results for the September 2018 quarter are forecasted to be as follows:

• Revenue: $615 to $655 million

• Gross Margin: 65% to 67% GAAP (66.5% to 68.5% excluding special items)

• EPS: $0.67 to $0.73 GAAP ($0.72 to $0.78 excluding special items)

Maxim Integrated’s business outlook does not include the potential impact of any special items related to restructuring activity, acquisitions, or other business combinations that may be completed during the quarter.

2

Dividend

Our Board of Directors approved a 10% increase in the quarterly dividend. A cash dividend of $0.46 per share will be paid on September 13, 2018, to stockholders of record on August 30, 2018.

Conference Call

Maxim Integrated has scheduled a conference call on July 26 at 1:15 p.m. Pacific Time to discuss its financial results for the fourth quarter of fiscal 2018 and its business outlook. This call will be webcast by Shareholder.com and can be accessed at the Company’s website at investor.maximintegrated.com.

A presentation summarizing financial information to be discussed on the conference call is posted at investor.maximintegrated.com.

3

CONSOLIDATED BALANCE SHEETS
(Unaudited)
	June 30, 2018			March 31, 2018			June 24, 2017
	(in thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	1,543,484		$	1,629,593		$	2,246,121
Short-term investments	1,082,915			1,094,801			498,718
Total cash, cash equivalents and short-term investments	2,626,399			2,724,394			2,744,839
Accounts receivable, net	280,072			320,553			256,454
Inventories	282,390			273,616			247,242
Other current assets	21,548			22,275			57,059
Total current assets	3,210,409			3,340,838			3,305,594
Property, plant and equipment, net	579,364			589,177			606,581
Intangible assets, net	78,246			90,848			90,867
Goodwill	532,251			532,904			491,015
Other assets	51,291			69,428			76,176
TOTAL ASSETS	$	4,451,561		$	4,623,195		$	4,570,233
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	92,572		$	84,407		$	77,373
Income taxes payable	17,961			24,339			3,688
Accrued salary and related expenses	151,682			147,771			145,299
Accrued expenses	35,774			48,384			37,663
Deferred margin on shipments to distributors	—			—			14,974
Current portion of long-term debt	499,406			499,050			—
Total current liabilities	797,395			803,951			278,997
Long-term debt	991,147			990,787			1,487,678
Income taxes payable	661,336			817,969			557,498
Other liabilities	70,743			59,497			43,366
Total liabilities	2,520,621			2,672,204			2,367,539
Stockholders' equity:
Common stock and capital in excess of par value	279			283			283
Retained earnings	1,945,646			1,963,912			2,212,301
Accumulated other comprehensive loss	(14,985		)	(13,204		)	(9,890		)
Total stockholders' equity	1,930,940			1,950,991			2,202,694
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	$	4,451,561		$	4,623,195		$	4,570,233

4

CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
	Three Months Ended									Year Ended
	June 30, 2018			March 31, 2018			June 24, 2017			June 30, 2018			June 24, 2017
	(in thousands, except per share data)
Net revenues	$	633,154		$	648,599		$	602,005		$	2,480,066		$	2,295,615
Cost of goods sold (1)	214,486			224,653			208,339			853,945			849,135
Gross margin	418,668			423,946			393,666			1,626,121			1,446,480
Operating expenses:
Research and development	112,056			114,390			114,011			450,943			453,977
Selling, general and administrative	82,611			81,304			75,129			322,918			291,511
Intangible asset amortization	844			876			2,050			4,467			9,189
Impairment of long-lived assets (2)	—			—			—			892			7,517
Severance and restructuring expenses	833			2,272			1,175			15,060			12,453
Other operating expenses (income), net (3)	(71		)	266			1,923			(1,607		)	(22,944		)
Total operating expenses (income), net	196,273			199,108			194,288			792,673			751,703
Operating income (loss)	222,395			224,838			199,378			833,448			694,777
Interest and other income (expense), net (4)	1,305			(2,534		)	(3,798		)	(8,563		)	(15,188		)
Income (loss) before provision for income taxes	223,700			222,304			195,580			824,885			679,589
Income tax provision (benefit) (5)	29,528			28,677			32,271			357,567			107,976
Net income (loss)	$	194,172		$	193,627		$	163,309		$	467,318		$	571,613
Earnings (loss) per share:
Basic	$	0.70		$	0.69		$	0.58		$	1.66		$	2.02
Diluted	$	0.68		$	0.68		$	0.57		$	1.64		$	1.98
Shares used in the calculation of earnings (loss) per share:
Basic	279,304			280,850			282,747			280,979			283,147
Diluted	283,934			285,881			287,494			285,674			287,974
Dividends paid per share	$	0.42		$	0.42		$	0.33		$	1.56		$	1.32
SCHEDULE OF SPECIAL ITEMS
(Unaudited)
	Three Months Ended									Year Ended
	June 30, 2018			March 31, 2018			June 24, 2017			June 30, 2018			June 24, 2017
	(in thousands)
Cost of goods sold:
Intangible asset amortization	$	11,759		$	12,101		$	11,064		$	46,064		$	46,485
Accelerated depreciation (1)	—			—			—			—			3,459
Total	$	11,759		$	12,101		$	11,064		$	46,064		$	49,944
Operating expenses:
Intangible asset amortization	$	844		$	876		$	2,050		$	4,467		$	9,189
Impairment of long-lived assets (2)	—			—			—			892			7,517
Severance and restructuring	833			2,272			1,175			15,060			12,453
Other operating expenses (income), net (3)	(71		)	266			1,923			(1,607		)	(22,944		)
Total	$	1,606		$	3,414		$	5,148		$	18,812		$	6,215
Interest and other expense (income), net (4)	$	(941	)	$	(97	)	$	(90	)	$	(1,243	)	$	(5,661	)
Total	$	(941	)	$	(97	)	$	(90	)	$	(1,243	)	$	(5,661	)
Provision (benefit) for income taxes:
Impact of U.S. tax legislation (5)	$	—		$	—		$	—		$	243,550		$	—
Total	$	—		$	—		$	—		$	243,550		$	—
(1) Includes building and equipment accelerated depreciation related to the Dallas manufacturing facility during fiscal year 2017.
(2) Includes impairment of investments in privately-held companies and other equipment impairment charges.
(3) Includes gain on sale of the micro-electromechanical systems (MEMS) business line during fiscal year 2017.
(4) Includes gain on sale of shares received for the sale of the wafer manufacturing facility in San Antonio, Texas during fiscal year 2017.
(5) Includes effect of U.S. tax legislation enacted on December 22, 2017.

5

CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
	Three Months Ended									Year Ended
	June 30, 2018			March 31, 2018			June 24, 2017			June 30, 2018			June 24, 2017
	(in thousands)
Cash flows from operating activities:
Net income (loss)	$	194,172		$	193,627		$	163,309		$	467,318		$	571,613
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Stock-based compensation	19,753			20,605			17,624			78,685			71,117
Depreciation and amortization	36,083			36,324			38,194			144,974			164,292
Deferred taxes	21,458			(2,670		)	1,697			27,715			(7,895		)
Loss (gain) from sale of property, plant and equipment	423			1,160			7,006			995			16,365
Loss (gain) on sale of business	—			—			—			—			(26,620		)
Impairment of long-lived assets	—			—			665			42			1,462
Impairment of investment in privately-held companies	—			—			—			850			6,720
Changes in assets and liabilities:
Accounts receivable	40,480			(80,953		)	1,138			(19,714		)	78
Inventories	(9,450		)	(11,036		)	(5,715		)	(32,776		)	(21,215		)
Other current assets	(212		)	(367		)	(727		)	32,368			(3,547		)
Accounts payable	6,131			(235		)	(5,235		)	9,560			(6,205		)
Income taxes payable	(163,010		)	30,067			22,619			117,654			60,798
Deferred margin on shipments to distributors	—			—			(20,751		)	(14,974		)	(23,805		)
Accrued salary and related expenses	3,911			33,408			9,597			5,737			(21,399		)
All other accrued liabilities	(3,080		)	3,295			7,507			1,030			(8,102		)
Net cash provided by (used in) operating activities	146,659			223,225			236,928			819,464			773,657
Cash flows from investing activities:
Purchase of property, plant and equipment	(12,118		)	(16,930		)	(13,050		)	(65,782		)	(51,421		)
Proceeds from sales of property, plant and equipment	62			2,844			7,576			5,823			10,792
Proceeds from sale of available-for-sale securities	7,287			60,008			—			107,291			50,994
Proceeds from maturity of available-for-sale securities	330,749			304,289			50,000			753,249			75,000
Proceeds from sale of business	—			—			—			—			42,199
Payment in connection with business acquisition, net of cash acquired	—			(57,773		)	—			(57,773		)	—
Purchases of available-for-sale securities	(325,063		)	(268,821		)	(49,891		)	(1,447,354		)	(450,135		)
Purchases of privately-held companies' securities	(2,164		)	(1,250		)	—			(5,520		)	(2,825		)
Net cash provided by (used in) investing activities	(1,247		)	22,367			(5,365		)	(710,066		)	(325,396		)
Cash flows from financing activities:
Net issuance of restricted stock units	(9,148		)	(9,642		)	(7,471		)	(30,310		)	(25,183		)
Repayment of notes payable	—			—			—			—			(250,000		)
Issuance of debt	—			—			500,000			—			500,000
Debt issuance cost	—			—			(3,688		)	—			(3,688		)
Proceeds from stock options exercised	1,626			7,716			18,434			28,009			63,003
Issuance of common stock under employee stock purchase program	21,346			—			19,805			36,321			34,269
Repurchase of common stock	(128,024		)	(127,700		)	(75,853		)	(407,968		)	(251,799		)
Dividends paid	(117,321		)	(117,883		)	(93,396		)	(438,087		)	(373,971		)
Net cash provided by (used in) financing activities	(231,521		)	(247,509		)	357,831			(812,035		)	(307,369		)
Net increase (decrease) in cash and cash equivalents	(86,109		)	(1,917		)	589,394			(702,637		)	140,892
Cash and cash equivalents:
Beginning of period	$	1,629,593		$	1,631,510		$	1,656,727		$	2,246,121		$	2,105,229
End of period	$	1,543,484		$	1,629,593		$	2,246,121		$	1,543,484		$	2,246,121
Total cash, cash equivalents, and short-term investments	$	2,626,399		$	2,724,394		$	2,744,839		$	2,626,399		$	2,744,839

6

ANALYSIS OF GAAP VERSUS GAAP EXCLUDING SPECIAL ITEMS DISCLOSURES
(Unaudited)
	Three Months Ended									Year Ended
	June 30, 2018			March 31, 2018			June 24, 2017			June 30, 2018			June 24, 2017
	(in thousands, except per share data)
Reconciliation of GAAP gross profit to GAAP gross profit excluding special items:
GAAP gross profit	$	418,668		$	423,946		$	393,666		$	1,626,121		$	1,446,480
GAAP gross profit %	66.1		%	65.4		%	65.4		%	65.6		%	63.0		%
Special items:
Intangible asset amortization	11,759			12,101			11,064			46,064			46,485
Accelerated depreciation (1)	—			—			—			—			3,459
Total special items	11,759			12,101			11,064			46,064			49,944
GAAP gross profit excluding special items	$	430,427		$	436,047		$	404,730		$	1,672,185		$	1,496,424
GAAP gross profit % excluding special items	68.0		%	67.2		%	67.2		%	67.4		%	65.2		%
Reconciliation of GAAP operating expenses to GAAP operating expenses excluding special items:
GAAP operating expenses	$	196,273		$	199,108		$	194,288		$	792,674		$	751,703
Special items:
Intangible asset amortization	844			876			2,050			4,467			9,189
Impairment of long-lived assets (2)	—			—			—			892			7,517
Severance and restructuring	833			2,272			1,175			15,060			12,453
Other operating expenses (income), net (3)	(71		)	266			1,923			(1,607		)	(22,944		)
Total special items	1,606			3,414			5,148			18,812			6,215
GAAP operating expenses excluding special items	$	194,667		$	195,694		$	189,140		$	773,862		$	745,488
Reconciliation of GAAP net income (loss) to GAAP net income excluding special items:
GAAP net income (loss)	$	194,172		$	193,627		$	163,309		$	467,318		$	571,613
Special items:
Intangible asset amortization	12,603			12,977			13,114			50,531			55,674
Accelerated depreciation (1)	—			—			—			—			3,459
Impairment of long-lived assets (2)	—			—			—			892			7,517
Severance and restructuring	833			2,272			1,175			15,060			12,453
Other operating expenses (income), net (3)	(71		)	266			1,923			(1,607		)	(22,944		)
Interest and other expense (income), net (4)	(941		)	(97		)	(90		)	(1,243		)	(5,661		)
Pre-tax total special items	12,424			15,418			16,122			63,633			50,498
Other income tax effects and adjustments (5)	1,194			151			499			(898		)	(11,465		)
Impact of U.S. tax legislation (6)	—			—			—			243,550			—
GAAP net income excluding special items	$	207,790		$	209,196		$	179,930		$	773,603		$	610,646
GAAP net income per share excluding special items:
Basic	$	0.74		$	0.74		$	0.64		$	2.75		$	2.16
Diluted	$	0.73		$	0.73		$	0.63		$	2.71		$	2.12
Shares used in the calculation of earnings per share excluding special items:
Basic	279,304			280,850			282,747			280,979			283,147
Diluted	283,934			285,881			287,494			285,674			287,974
(1) Includes building and equipment accelerated depreciation related to the Dallas manufacturing facility during fiscal year 2017.
(2) Includes impairment of investments in privately-held companies and other equipment impairment charges.
(3) Includes gain on sale of the micro-electromechanical systems (MEMS) business line during fiscal year 2017.
(4) Includes gain on sale of shares received for the sale of the wafer manufacturing facility in San Antonio, Texas during fiscal year 2017.
(5) Includes tax effect of pre-tax special items and miscellaneous tax adjustments.
(6) Includes effect of U.S. tax legislation enacted on December 22, 2017.

7

Non-GAAP Measures

To supplement the consolidated financial results prepared under GAAP, Maxim Integrated uses non-GAAP measures which are adjusted from the most directly comparable GAAP results to exclude special items related to intangible asset amortization; accelerated depreciation; impairment of long-lived assets; severance and restructuring; other operating expenses (income), net; interest and other expense (income), net; and other income tax effects and adjustments. We defined free cash flow as net cash provided from operations less gross capital expenditures. Management uses these non-GAAP measures internally to make strategic decisions, forecast future results and evaluate Maxim Integrated’s current performance. Many analysts covering Maxim Integrated use the non-GAAP measures as well. Given management’s use of these non-GAAP measures, Maxim Integrated believes these measures are important to investors in understanding Maxim Integrated’s current and future operating results as seen through the eyes of management. In addition, management believes these non-GAAP measures are useful to investors in enabling them to better assess changes in Maxim Integrated’s core business across different time periods. These non-GAAP measures are not in accordance with or an alternative to GAAP financial data and may be different from non-GAAP measures used by other companies. Because non-GAAP financial measures are not standardized it may not be possible to compare these financial measures with other companies’ non-GAAP financial measures, even if they have similar names. The non-GAAP measures displayed in the table above include the following: 

8

GAAP Gross Profit Excluding Special Items

The use of GAAP gross profit excluding special items allows management to evaluate the gross margin of the Company’s core businesses and trends across different reporting periods on a consistent basis, independent of special items including intangible asset amortization and accelerated depreciation. In addition, it is an important component of management’s internal performance measurement and reward process as it is used to assess the current and historical financial results of the business, for strategic decision making, preparing budgets and forecasting future results. Management presents GAAP gross profit excluding special items to enable investors and analysts to evaluate our revenue generation performance relative to the direct costs of revenue of Maxim Integrated’s core businesses. 

GAAP Operating Expenses Excluding Special Items

The use of GAAP operating expenses excluding special items allows management to evaluate the operating expenses of the Company’s core businesses and trends across different reporting periods on a consistent basis, independent of special items including intangible asset amortization; impairment of long-lived assets; severance and restructuring, and other operating expenses (income), net. In addition, it is an important component of management’s internal performance measurement and reward process as it is used to assess the current and historical financial results of the business, for strategic decision making, preparing budgets and forecasting future results. Management presents GAAP operating expenses excluding special items to enable investors and analysts to evaluate our core business and its direct operating expenses.

9

GAAP Provision for Income Taxes Excluding Special Items

The use of a GAAP provision for income taxes excluding special items allows management to evaluate the provision for income taxes across different reporting periods on a consistent basis, independent of special items including the tax provision impact of pre-tax special items. In fiscal year 2016, we began using a long-term tax rate to compute the GAAP provision for income taxes excluding special items. We reviewed the long-term tax rate on an annual basis and more frequently whenever events occurred that may have materially affected the long-term tax rate such as tax law changes; significant changes in our geographic earnings mix; or changes in our corporate structure. This long-term tax rate considered the income tax impact of pre-tax special items and eliminated the effects of significant non-recurring and period specific tax items which varied in size and frequency, including certain one-time tax charges resulting from U.S. tax legislation that was enacted on December 22, 2017. In the first quarter of fiscal year 2018, we began using a long-term tax rate of 14%, which was our forecast of the weighted average of our normalized fiscal year GAAP tax rate excluding special items over a four-year period, that included the past three fiscal years plus the current fiscal year projection at the beginning of fiscal year 2018. In the third quarter of fiscal year 2018, we modified our approach and began using a 12% tax rate for fiscal year 2018.  Because of the impacts of tax reform, a long-term average tax rate is no longer appropriate for the remainder of fiscal year 2018.  The tax rate of 12% best reflects the tax rate excluding special items for fiscal year 2018 as a single year.

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GAAP Net Income and GAAP Net Income per Share Excluding Special Items

The use of GAAP net income and GAAP net income per share excluding special items allow management to evaluate the operating results of Maxim Integrated’s core businesses and trends across different reporting periods on a consistent basis, independent of special items including intangible asset amortization; accelerated depreciation; impairment of long-lived assets; severance and restructuring; other operating expenses (income), net; interest and other expense (income), net; and other income tax effects and adjustments. In addition, they are important components of management’s internal performance measurement and reward process as it is used to assess the current and historical financial results of the business, for strategic decision making, preparing budgets and forecasting future results. Management presents GAAP net income and GAAP net income per share excluding special items to enable investors and analysts to understand the results of operations of Maxim Integrated’s core businesses and to compare our results of operations on a more consistent basis against that of other companies in our industry. 

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“Safe Harbor” Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include the Company’s business outlook and financial projections for its first quarter of fiscal 2019 ending in September2018, which includes revenue, gross margin and earnings per share.  These statements involve risk and uncertainty. Actual results could differ materially from those forecasted, based upon, among other things, general market and economic conditions, market developments that could adversely affect the growth of the mixed-signal analog market, product mix shifts, the loss of all or a substantial portion of our sales to one or more of our large customers, customer cancellations and price competition, as well as other risks described in the Company’s Annual Report on Form 10-K for the fiscal year ended June 24, 2017 (the “Form 10-K”). The Form 10-K may be found at https://www.sec.gov/Archives/edgar/data/743316/000074331617000028/maxim10-kfy2017.htm. 

All forward-looking statements included in this news release are made as of the date hereof and based on the information available to the Company as of the date hereof. The Company assumes no obligation to update any forward-looking statement except as required by law.

About Maxim Integrated

Maxim Integrated develops innovative analog and mixed-signal products and technologies to make systems smaller and smarter, with enhanced security and increased energy efficiency. We are empowering design innovation for our automotive, industrial, healthcare, mobile consumer, and cloud data center customers to deliver industry-leading solutions that help change the world. Learn more at http://www.maximintegrated.com.

Source: Maxim Integrated Investor Relations 

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