ADI: Revenue increases to USD 870 million in 3Q/2016

“During the quarter, we also announced the proposed acquisition of Linear Technology Corporation, a combination that will create a trusted analog industry leader, capable of delivering tremendous benefits to our customers, our employees, and our shareholders.” “Looking ahead to the October quarter, we are planning for revenue to increase sequentially, and be in the range of USD 910 to 970 million. By end market, we expect the industrial, automotive, and communications infrastructure markets, in the aggregate, to remain largely stable to their third quarter levels, and to increase in the low-to-mid-single digits compared to the prior year. In the consumer market, strong customer demand in the portables sector leads us to plan for continued sequential revenue growth in this market", he continues. Results for 3Q/2016 (ended July 30, 2016)

• Revenue totalled USD 870 million, up 12 percent sequentially, and up 1 percent YoY
• Revenue in ADI’s B2B markets of industrial, automotive, and communications infrastructure totalled USD 683 million, down 2 percent sequentially, and up 4 percent YoY
• GAAP gross margin of 65.8 percent of revenue
• GAAP operating margin of 30.9 percent of revenue

Outlook for the Fourth Quarter of Fiscal Year 2016 Analog Devices expects 4Q revenue to be between USD 910 and 970 million. GAAP gross margin is expected to be approx. 65.2 percent.