Maxim Integrated Products, Inc. Reports Unaudited Consolidated Earnings Results for Second Quarter Ended December 24, 2016; Provides Earnings Guidance for the Third Quarter of 2017, and Capital Expenditures Guidance for the Fiscal Year 2017
For the third quarter of 2017, the company expects revenue to be from $555 million to $595 million, gross margin to be from 61% to 63% GAAP (63% to 65% excluding special items) and EPS to be from $0.43 to $0.49 GAAP ($0.49 to $0.55 excluding special items).
For fiscal year 2017, the company's gross capital expenditures are expected to be within the target range of 1% to 3% of revenue. And finally, the company expects buybacks in the third quarter to be consistent with the company's annual commitment to return 80% of free cash flow to shareholders.