Revenue increases to a record $821 million, non-GAAP diluted earnings per share increases to $0.73

NORWOOD, Mass. — (BUSINESS WIRE) — May 19, 2015 — Analog Devices, Inc. (NASDAQ: ADI), a global leader in high-performance semiconductors for signal processing applications, today announced financial results for its second quarter of fiscal year 2015, which ended May 2, 2015.

“We had a very successful second quarter driven by the quality of our innovation, the diversity of our business, and our strong execution,” said Vincent Roche, President and CEO. “Revenue increased to a record $821 million, and our operating model generated strong cash flows and diluted earnings per share growth that was well ahead of revenue growth.”

“Looking ahead, our book to bill ratio was positive in the second quarter and we are seeing stable order rates across all our end markets. As a result, we are planning for sequential growth in the third quarter and for revenue to be in the range of $825 million to $865 million.”

ADI also announced that the Board of Directors has declared a cash dividend of $0.40 per outstanding share of common stock. The dividend will be paid on June 9, 2015 to all shareholders of record at the close of business on May 29, 2015.

For additional information please visit ADI’s financial press release page.

Results for the Second Quarter of Fiscal Year 2015

• Revenue totaled $821 million, up 6% sequentially, and up 18% year-over-year
• GAAP gross margin of 66.4% of revenue; Non-GAAP gross margin of 66.5% of revenue
• GAAP operating margin of 30.3% of revenue; Non-GAAP operating margin of 33.7% of revenue
• GAAP diluted EPS of $0.65; Non-GAAP diluted EPS of $0.73

Please refer to the schedules provided for a summary of revenue and earnings, selected balance sheet information, and the cash flow statement for the second quarter of fiscal year 2015, as well as the immediately prior and year-ago quarters. Additional information on revenue by end market is provided on Schedule D. A more complete table covering prior periods is available at investor.analog.com.

Outlook for the Third Quarter of Fiscal Year 2015

The following statements are based on current expectations, and as indicated, are presented on a GAAP and non-GAAP basis. These statements are forward-looking and actual results may differ materially, as a result of, among other things, the important factors discussed at the end of this release. These statements supersede all prior statements regarding our business outlook set forth in prior ADI news releases, and ADI disclaims any obligation to update these forward-looking statements.

1. Reflects estimated adjustments for amortization of purchased intangible assets.