* Percentages are based on total revenue (excluding Linear revenue)
| Analog Devices, Second Quarter, Fiscal 2017 | ||||||||||||||
|
Schedule E |
||||||||||||||
| Reconciliation of Non-GAAP to GAAP Revenue and Earnings Measures (In thousands, except per-share amounts) | ||||||||||||||
| (Unaudited) | ||||||||||||||
| See "Non-GAAP Financial Information" in this press release for a description of the items excluded from our non-GAAP measures. | ||||||||||||||
|
|
||||||||||||||
| Three Months Ended | ||||||||||||||
| 2Q 17 | 1Q 17 | 2Q 16 | ||||||||||||
|
April 29,
2017 |
Jan. 28,
2017 |
April 30,
2016 |
||||||||||||
| GAAP Revenue | $ | 1,147,982 | $ | 984,449 | $ | 778,766 | ||||||||
| Y/Y Revenue growth % | 47 | % | 28 | % | (5 | )% | ||||||||
| Q/Q Revenue growth % | 17 | % | (2 | )% | 1 | % | ||||||||
| Acquisition-Related Deferred Revenues | 60,759 | — | — | |||||||||||
| Non-GAAP Revenue | $ | 1,208,741 | $ | 984,449 | $ | 778,766 | ||||||||
| Y/Y Revenue growth % | 55 | % | 28 | % | (5 | )% | ||||||||
| Q/Q Revenue growth % | 23 | % | (2 | )% | 1 | % | ||||||||
| GAAP Gross Margin | $ | 640,443 | $ | 648,504 | $ | 510,903 | ||||||||
| Gross Margin Percentage | 55.8 | % | 65.9 | % | 65.6 | % | ||||||||
| Acquisition-Related Deferred Revenues | 46,480 | — | — | |||||||||||
| Acquisition-Related Expenses | 150,532 | 2,178 | 1,476 | |||||||||||
| Acquisition-Related Transaction Costs | 200 | — | — | |||||||||||
| Non-GAAP Gross Margin | $ | 837,655 | $ | 650,682 | $ | 512,379 | ||||||||
| Gross Margin Percentage | 69.3 | % | 66.1 | % | 65.8 | % | ||||||||
| GAAP Operating Expenses | $ | 494,608 | $ | 382,236 | $ | 303,524 | ||||||||
| Percent of Revenue | 43.1 | % | 38.8 | % | 39.0 | % | ||||||||
| Acquisition-Related Expenses | (74,861 | ) | (18,232 | ) | (17,517 | ) | ||||||||
| Acquisition-Related Transaction Costs | (39,766 | ) | (8,011 | ) | — | |||||||||
| Restructuring-Related Expense | — | (49,463 | ) | (13,684 | ) | |||||||||
| Non-GAAP Operating Expenses | $ | 379,981 | $ | 306,530 | $ | 272,323 | ||||||||
| Percent of Non-GAAP Revenue | 31.4 | % | 31.1 | % | 35.0 | % | ||||||||
| GAAP Operating Income/Margin | $ | 145,835 | $ | 266,268 | $ | 207,379 | ||||||||
| Percent of Revenue | 12.7 | % | 27.0 | % | 26.6 | % | ||||||||
| Acquisition-Related Revenues | 46,480 | — | — | |||||||||||
| Acquisition-Related Expenses | 225,392 | 20,410 | 18,993 | |||||||||||
| Acquisition-Related Transaction Costs | 39,966 | 8,011 | — | |||||||||||
| Restructuring-Related Expense | — | 49,463 | 13,684 | |||||||||||
| Non-GAAP Operating Income/Margin | $ | 457,673 | $ | 344,152 | $ | 240,056 | ||||||||
| Percent of Non-GAAP Revenue | 37.9 | % | 35.0 | % | 30.8 | % | ||||||||
| GAAP Other Expense (Income) | $ | 59,121 | $ | 32,959 | $ | 12,469 | ||||||||
| Percent of Revenue | 5.1 | % | 3.3 | % | 1.6 | % | ||||||||
| Amortization of Deferred Financing Costs | — | (7,214 | ) | — | ||||||||||
| Non-GAAP Other Expense | $ | 59,121 | $ | 25,745 | $ | 12,469 | ||||||||
| Percent of Non-GAAP Revenue | 4.9 | % | 2.6 | % | 1.6 | % | ||||||||
