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9.8% revenue decrease for Analog Devices during 2012
While revenue increased by 2% in 4Q/2012 for Analog Devices, the full year revenue saw a decrease of 9.8%
“ADI delivered solid results for the fourth quarter, with revenue increasing by 2% and diluted EPS increasing by 4% compared to the prior quarter,” said Jerald G. Fishman, CEO. “For the year, revenue decreased 9.8% to about $2.7 billion, reflecting difficult economic conditions and prevailing global uncertainty. We nevertheless generated 65% gross margins, 31% operating margins and over $800 million, or 30% of revenue, in cash from operations for the year.”
Results for the Fourth Quarter of Fiscal 2012
- Revenue totaled $695 million
- Gross margin was 63.8% of revenue
- Operating margin was 31% of revenue
- Cash flow from operations was $236 million, or 34% of revenue
- Revenue totaled $2.7 billion
- Gross margin was 64.5% of revenue
- Operating margin was 30.5% of revenue
- Cash flow from operations was $815 million, or 30% of revenue
- Revenue estimated to decrease in the range of -6% to -12%
- Gross margin estimated to be approximately 62%
- Operating expenses estimated to be approximately $223 million
- Tax rate estimated to be approximately 18%