- Analog Devices (NASDAQ:ADI) expects FQ1 revenue of $745M-$775M and EPS of $0.58-$0.64 vs. a consensus of $766.4M and $0.62.
- FQ4 gross margin was 66.4%, -10 bps Q/Q and +80 bps Y/Y, and slightly above guidance of 66.2%. GM is expected to fall to 65% in FQ1.
- Opex fell to 33.1% of revenue from 33.8% a year ago. $187.4M was spent on buybacks.
- Thanks to the Hittite acquisition, telecom chip revenue rose 56% Y/Y to $218.2M, and made up 27% of total revenue. Industrial chip sales, which received a smaller boost from Hittite, rose 19% and were 45% of revenue. Auto (17% of revenue) +2%; consumer (11% of revenue) -3%.
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FQ4 results, PR