ADI Q2 gross margin over 68%, industrial application chip growth of nearly 50%

Analog IC manufacturer Analog Devices, Inc. announced the second quarter of 2018 (as of May 5, 2018) on May 30th: Revenue increased 32% year-on-year to US$1.513 billion; gross margin was 55.8% from a year ago Rose to 68.3%; profitability rate jumped to 30.7% from 12.7% a year ago; non-GAAP diluted earnings per share rose to $1.45 from $1.03 a year ago.

MarketWatch reported that according to FactSet's survey, analysts had originally anticipated revenue for the second quarter of Analog Devices' fiscal year 2018, with non-GAAP diluted earnings per share of $1.47 billion and $1.37.

Looking ahead this season, Analog Devices expects revenue to be between $14.7-1.55 billion (with a median of $1.51 billion), and non-GAAP diluted earnings per share will be between $1.38-1.52 (with a median of 1.45. (US dollar). According to FactSet's survey, analysts originally expected Analog Devices 2018 fiscal year revenue for the third quarter, non-GAAP diluted earnings per share of 1.49 billion US dollars, 1.40 US dollars.

In the second quarter of 2018, Analog Devices’ industrial application chip sales increased 47% (quarterly increase of 6%) to US$78,828 million, accounting for 52% of the company’s overall revenue, and sales of communications chips increased by 34% year-on-year (quarterly increase of 1%). ) To US$287,700 million, which accounted for 19% of the company’s overall revenue, sales of automotive chips increased by 28% (quarter-reduction 6%) to US$238,839 million, revenue accounted for 16%, and sales of consumer chips Reduced by 6% (quarter-reduction of 17%) to 1.98683 billion US dollars, accounting for 13% of revenue.

Analog Devices announced the acquisition of its joint Linear Technology Corporation in July 2016. The third quarter of fiscal year 2017 is the first complete quarter after completion of the merger. According to a research report released by Morgan Stanley Securities (Da Mo), Linear Technology List of IoT concept stocks.

Philadelphia Semiconductor Index constituents Analog Devices (ADI.US) rose 0.63% to close at 94.98 US dollars on May 30, up 6.68% so far this year, the cumulative increase over the past year reached 12.00%.

Analog Devices’ main competitors include Infineon Technologies AG, On Semiconductor Corp., NXP, Renesas, STMicroelectronics, and Texas Instruments.

On the other hand, ON Semiconductor’s first quarter of 2018 (as of March 30, 2018) reported revenue of US$1.3776 billion. It is estimated that the revenue for the quarter will be between US$14.05 and US$145.55 million. Philadelphia Semiconductor Index component stocks ON Semiconductor ( ON.US) rose 0.43% on May 30 to close at $25.58; it has soared 22.12% so far this year.

Infineon CEO Reinhard Ploss said on May 18th that the global demand for power semiconductors is soaring. The major trends supporting demand include climate change, demographic trends, increasing digitalization, electric vehicles, connection and battery-powered equipment, data. Center and renewable energy power generation.

Philadelphia Semiconductor Index constituent stocks Texas Instruments (TXN.US) rose 0.82% on May 30th to close at $111.85, a record high since January 29th; this year has risen 7.09%. Driven by demand from the automotive and industrial markets, Germany For the first quarter of 2018 (as of March 31st), revenue for the first quarter increased by 11% to US$3.789 billion. This quarter (April to June) is expected to reach US$3.78-41.0 billion.

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