Analog Devices Reports Record Second Quarter
Analog Devices, Inc. has 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."
â€œLooking 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.â€
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.
Results for the Second Quarter of Fiscal Year 2015 included: 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; and GAAP diluted EPS of $0.65; Non-GAAP diluted EPS of $0.73