Monday, November 13, 2006

Analog Devices Posts Revenue of $644.3 Million

Analog Devices announced quarterly revenue of $644.3 million, an increase of approximately 4% compared to the same period one year ago and a decrease of approximately 3% compared to the immediately prior quarter. Net income under generally accepted accounting principles (GAAP) was $138.4 million, or 21.5% of sales, and diluted earnings per share (EPS) was $0.39. For its full fiscal year ended October 28, 2006, revenue was $2.57 billion, an increase of approximately 8% compared to fiscal 2005.

"Revenue from consumer customers grew 13% in the fourth quarter compared to the third quarter of fiscal 2006. This revenue growth was driven by strong sales of digital cameras, home entertainment systems, and new video game consoles where ADI technology continues to enable new sight, sound, and other user experiences in our customers' products," said Jerald G. Fishman, ADI's president and chief executive officer. "Revenue from computer customers also increased sequentially during the quarter, while revenue from our broad base of industrial customers was approximately flat sequentially. In the fourth quarter of fiscal 2006, revenue from communications customers declined 18% compared to the immediately prior quarter, primarily as a result of lower revenue from wireless handset customers."