Summary
Analog Devices, Inc. (ADI) reported solid financial performance for the fiscal year ending November 3, 2007, with total revenue reaching $2.55 billion, a 7% increase from the previous year. This growth was primarily driven by strong performance in the industrial and communications sectors, which together accounted for approximately 69% of total product revenue. The company demonstrated robust profitability, with net income of $496.9 million, translating to diluted earnings per share of $1.50. Financially, ADI maintained a strong balance sheet with total assets of $2.97 billion and shareholders' equity of $2.34 billion. The company continued its commitment to returning capital to shareholders through dividends and significant share repurchases. ADI also actively managed its market risks, particularly foreign currency exposure, through hedging strategies, indicating a proactive approach to financial stability.
Financial Highlights
34 data points| Revenue | $2.43B |
| Cost of Revenue | $956.45M |
| Gross Profit | $1.51B |
| R&D Expenses | $509.55M |
| SG&A Expenses | $389.50M |
| Operating Expenses | $939.55M |
| Operating Income | $568.72M |
| Interest Expense | $0 |
| Net Income | $496.91M |
| EPS (Basic) | $1.54 |
| EPS (Diluted) | $1.50 |
| Shares Outstanding (Basic) | 323.25M |
| Shares Outstanding (Diluted) | 332.30M |
Key Highlights
- 1Total Revenue grew by 7% year-over-year to $2.55 billion in fiscal year 2007.
- 2Net income for fiscal year 2007 was $496.9 million, with diluted EPS of $1.50.
- 3The Industrial and Communications end markets remain the largest revenue contributors, showing continued growth.
- 4The company repurchased approximately $1.65 billion of its common stock in fiscal year 2007.
- 5ADI has actively hedged foreign currency exposures to mitigate potential losses.
- 6Goodwill increased by $23.3 million in fiscal year 2007 due to acquisitions.
- 7The company is in the process of divesting its Baseband Chipset Business.