| Analog Devices, Third Quarter, Fiscal 2016 | ||||||||||||||
|
Schedule E |
||||||||||||||
|
Reconciliation from GAAP to Non-GAAP Revenue and Earnings
Measures (In thousands, except per-share amounts)
|
||||||||||||||
|
See "Non-GAAP Financial Information" in this press release for
a description of the items excluded from our non-GAAP
|
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|
|
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| Three Months Ended | ||||||||||||||
| 3Q 16 | 2Q 16 | 3Q 15 | ||||||||||||
|
July 30,
2016 |
April 30,
2016 |
Aug 1,
2015 |
||||||||||||
| GAAP Gross Margin | $ | 572,290 | $ | 510,903 | $ | 569,037 | ||||||||
| Gross Margin Percentage |
|
65.8 |
% |
|
65.6 |
% |
|
65.9 |
% | |||||
| Acquisition-Related Expenses |
|
1,888 |
|
1,476 |
|
1,307 |
||||||||
| Non-GAAP Gross Margin | $ | 574,178 | $ | 512,379 | $ | 570,344 | ||||||||
| Gross Margin Percentage |
|
66.0 |
% |
|
65.8 |
% |
|
66.1 |
% | |||||
| GAAP Operating Expenses | $ | 303,583 | $ | 303,524 | $ | 303,768 | ||||||||
| Percent of Revenue |
|
34.9 |
% |
|
39.0 |
% |
|
35.2 |
% | |||||
| Acquisition-Related Expenses |
|
(17,582 |
) |
|
(17,517 |
) |
|
(23,490 |
) | |||||
| Acquisition-Related Transaction Costs |
|
(8,310 |
) |
|
— |
|
(5,139 |
) | ||||||
| Restructuring-Related Expense |
|
— |
|
(13,684 |
) |
|
— |
|||||||
| Non-GAAP Operating Expenses | $ | 277,691 | $ | 272,323 | $ | 275,139 | ||||||||
|
Percent of Revenue |
|
31.9 |
% |
|
35.0 |
% |
|
31.9 |
% | |||||
| GAAP Operating Income/Margin | $ | 268,707 | $ |
207,379 |
$ | 265,269 | ||||||||
| Percent of Revenue |
|
30.9 |
% |
|
26.6 |
% |
|
30.7 |
% | |||||
| Acquisition-Related Expenses |
|
19,470 |
|
18,993 |
|
24,797 |
||||||||
| Acquisition-Related Transaction Costs |
|
8,310 |
|
— |
|
5,139 |
||||||||
| Restructuring-Related Expense |
|
— |
|
13,684 |
|
— |
||||||||
| Non-GAAP Operating Income/Margin | $ | 296,487 | $ | 240,056 | $ | 295,205 | ||||||||
| Percent of Revenue |
|
34.1 |
% |
|
30.8 |
% |
|
34.2 |
% | |||||
|
GAAP Diluted EPS |
$ |
0.74 |
$ |
0.55 |
$ |
0.68 |
||||||||
|
Acquisition-Related Expenses |
|
0.06 |
|
0.06 |
|
0.08 |
||||||||
|
Acquisition-Related Transaction Costs |
|
0.02 |
|
— |
|
0.02 |
||||||||
|
Restructuring-Related Expense |
|
— |
|
0.04 |
|
— |
||||||||
|
Non-GAAP Diluted EPS (1) |
$ |
0.82 |
$ |
0.64 |
$ |
0.77 |
||||||||
|
Analog Devices Reports Third Quarter 2016 Results
* The sum of the individual percentages does not equal the total due to
rounding.
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