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 2014, which ended May 3, 2014.
“We had a very good second quarter, with our performance ahead of expectations,” said Vincent Roche, President and CEO. “Our growth this quarter was broad-based, fueled by secular and seasonal strength, particularly in the industrial, communications infrastructure, and automotive markets, which accounted for 89% of our sales. We expect these trends to continue into the third quarter driving sequential revenue growth of 1% to 5% with strong profitability.”
ADI also announced that the Board of Directors has declared a cash dividend of $0.37 per outstanding share of common stock. The dividend will be paid on June 10, 2014 to all shareholders of record at the close of business on May 30, 2014.
Results for the Second Quarter of Fiscal Year 2014
- Revenue totaled $695 million, up 11% sequentially and 5% year-over-year
- Gross margin was 66.1% of revenue
- Operating margin was 31.7% of revenue
- Diluted EPS was $0.59
- Cash flow from operations was $238 million, or 34% of revenue
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 2014, as well as the immediately prior and year-ago quarters. Additional information on revenue by end market and revenue by product type is provided on Schedules D and E. A more complete table covering prior periods is available at investor.analog.com.