For second-quarter 2013, Hittite Microwave Corp of Chelmsford, MA, USA (which designs and supplies analog, digital and mixed-signal RF, microwave and millimeter-wave ICs, modules and subsystems as well as instrumentation) has reported revenue of $68.6m, up 1.3% on $67.7m last quarter and 4.9% on $65.4m a year ago.
Fiscal Q2/2012 Q3/2012 Q4/2012 Q1/2013 Q2/2013 Revenue $65.4m $67.2m $68.5m $67.7m $68.6m
Of total revenue, 44% ($30.2m) came from customers in the USA (versus 44.7% last quarter) and 56% ($38.4m) came from customers outside the USA (versus 55.3% last quarter).
Gross margin has fallen from with 74.5% a year ago and 73.7% last quarter to 72.4%. Nevertheless, operating income has risen further, from $26.2m a year ago and $27.1m last quarter to $27.5m (staying steady at an operating margin of 40.1% of revenue throughout).
Likewise, net income has risen further, from $17.2m a year ago and $17.6m last quarter to $18m. During the quarter, total cash and marketable securities rose by $8.8m, from $429.4m to $438.2m.
For third-quarter 2013, Hittite expects slight drops in revenue to $66.5-68.5m and in net income to $16.7-17.7m
