Analog Devices' Q3 2020 revenue was $1.46 billion, an 11% sequential increase led by growth in the communications and industrial markets. The company announced an agreement to acquire Maxim Integrated Products Inc.
Revenue of $1.46 billion increased 11% sequentially.
Growth was led by the communications and industrial markets.
Operating cash flow was $2.0 billion and free cash flow was $1.8 billion on a trailing twelve months basis.
Agreement to acquire Maxim Integrated Products Inc. was announced, strengthening ADI’s analog semiconductor leadership.
For the fourth quarter of fiscal 2020, we are forecasting revenue of $1.44 billion, +/- $70 million. At the midpoint of this revenue outlook, we expect reported operating margins of approximately 31.0%, +/-140 bps, and adjusted operating margins of approximately 42.0%, +/-100 bps. We are planning for reported EPS to be $0.95, +/-$0.10, and adjusted EPS to be $1.32, +/-$0.10.
Visualization of income flow from segment revenue to net income