Linear provides slightly soft guidance, but margins improve

Linear (LLTC) expects FQ4 revenue to grow 2%-6% Q/Q; the midpoint of that range is below a consensus for 5% growth.  Book-to-bill was above 1, and bookings rose Q/Q for all of the chipmaker's top markets.

Gross margin rose 90 bps Y/Y in FQ3 to 75.7%, and opex rose 6% to $102.8M (less than rev. growth of 10.6%). $10.9M was spent on buybacks.

LLTC -0.3% AH. FQ3 results, PR.

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Comments (1)
  • solid gold suleyman
    , contributor
    Comment (1) | Send Message
    LLTC's margin is the best in the Valley, and they can turn product quicker than anybody. I was surprised at how high the valuation got this quarter, but I think with the convertible out of the way it will be in the 44.50-47 range until next quarter. Looking forward to conf. call in the morning.
    16 Apr 2014, 07:30 AM Reply Like
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