10-QPeriod: Q1 FY2010

ANALOG DEVICES INC Quarterly Report for Q1 Ended Jan 30, 2010

Filed February 17, 2010For Securities:ADI

Summary

Analog Devices Inc. (ADI) reported its financial results for the quarter ended January 29, 2010. The company demonstrated a sequential improvement in revenue, reflecting a growing demand across its key markets. Despite the ongoing economic uncertainties, ADI managed to grow its gross margins, indicating effective cost management and a favorable product mix. The company also maintained a strong liquidity position, providing flexibility for future investments and potential market fluctuations.

Financial Statements
Beta
Revenue$602.98M
Cost of Revenue$234.51M
Gross Profit$368.48M
R&D Expenses$114.40M
SG&A Expenses$88.48M
Operating Expenses$219.36M
Operating Income$149.11M
Interest Expense$2.54M
Net Income$120.46M
EPS (Basic)$0.41
EPS (Diluted)$0.40
Shares Outstanding (Basic)295.47M
Shares Outstanding (Diluted)304.73M

Key Highlights

  • 1Sequential revenue growth reported for the quarter ended January 29, 2010.
  • 2Improvement in gross profit margins, suggesting efficient operations and pricing power.
  • 3Continued strong cash flow generation from operations.
  • 4Prudent management of operating expenses, contributing to profitability.
  • 5Healthy balance sheet with significant cash and marketable securities.
  • 6Filing includes amendments to the 2006 Stock Incentive Plan, impacting equity compensation.

Frequently Asked Questions

ADI reported sequential revenue growth for the quarter ended January 29, 2010, indicating a positive trend in demand for its products.

The company demonstrated an improvement in gross profit margins, likely due to effective cost control measures and a favorable shift in its product sales mix, leading to better profitability.

ADI maintains a strong financial position characterized by robust cash flow from operations and a healthy balance sheet with substantial cash and marketable securities, providing significant financial flexibility.

Yes, the filing includes amendments to the 2006 Stock Incentive Plan, which are relevant for understanding the company's approach to executive and employee compensation and potential dilution.