Analyst Note| Brian Colello, CPA |
Wide-moat Maxim Integrated reported strong fiscal second-quarter results across the board that were ahead of both FactSet consensus and our model’s expectations. The company remains on track to merge with Analog Devices this summer. Strong quarterly performance was primarily driven by increasing demand in the automotive, industrial, and consumer end markets. Similar to last quarter, due to the pending merger with ADI, Maxim did not host an earnings call or provide forward looking guidance.