Analog Devices Reports Third Quarter 2016 Results

* The sum of the individual percentages does not equal the total due to rounding.


Analog Devices, Third Quarter, Fiscal 2016

Schedule E
Reconciliation from GAAP to Non-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
	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

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