Linear provides slightly soft guidance, but margins improve

|About: Linear Technology Corporation (LLTC)|By:, SA News Editor

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.