Maxim Integrated Products, Inc. announced unaudited consolidated earnings results for second quarter ended December 26, 2015. For the quarter, the company reported net revenues of $510,831,000, operating income of $89,583,000, income before provision for income taxes of $79,940,000, net income of $67,469,000 or $0.23 per diluted share compared to the net revenues of $566,809,000, operating loss of $64,076,000, loss before provision for income taxes of $71,675,000, net loss of $72,034,000 or $0.25 per diluted share for the same quarter a year ago. Net cash provided by operating activities was $182,489,000 compared to the $172,855,000 for the same quarter year ago. Payments for property, plant and equipment was $13,530,000 compared to the $18,585,000 for the same quarter year ago.

For the third quarter of fiscal 2016, the company expected revenues of $535 million to $575 million, gross margin from 57% to 60% GAAP (60% to 63% excluding special items) and EPS to be in the range from EPS: $0.35 to $0.41 GAAP ($0.38 to $0.44 excluding special items).