Exhibit 99.1

Analog Devices Reports Fourth Quarter and Fiscal Year 2016 Results

  • Record quarterly revenue of $1 billion, up 3% year-over-year and up 15% sequentially
  • Record quarterly operating cash flow margin of 49%, record quarterly free cash flow margin of 44%
  • Revenue and earnings per share exceed high end of guidance range

NORWOOD, Mass.--(BUSINESS WIRE)--November 22, 2016--Analog Devices, Inc. (NASDAQ: ADI), today announced financial results for its fourth quarter and fiscal year 2016, which ended October 29, 2016.

“ADI had another excellent quarter, with both revenue and earnings per share exceeding the high end of our guidance range,” said Vincent Roche, President and CEO. “Revenue increased to a record $1 billion on broad strength across all of our markets, and our focus on sustainable and differentiated innovation, combined with strong operational execution, helped drive profitability and cash flow generation to record levels.”

“In addition, we are pleased with the progress we are making to close the acquisition of Linear Technology, a combination that, we believe, will create an analog industry powerhouse, capable of creating significant value for our customers, employees, and shareholders.”

“Looking ahead, order rates are stable entering the seasonally slower first quarter. As a result, we are planning for revenue to decrease sequentially, but to increase 9% to 17% over the prior year, which would represent the third consecutive quarter of year-over-year revenue growth for ADI.”

ADI also announced that the Board of Directors has declared a cash dividend of $0.42 per outstanding share of common stock. The dividend will be paid on December 13, 2016 to all shareholders of record at the close of business on December 2, 2016.

Results for the Fourth Quarter of Fiscal Year 2016

  • Revenue totaled $1.0 billion, up 15% sequentially, and up 3% year-over-year
  • Revenue in ADI’s B2B markets of industrial, automotive, and communications infrastructure totaled $710 million, up 4% sequentially, and up 7% year-over-year
  • GAAP gross margin of 66.4% of revenue; Non-GAAP gross margin of 66.6% of revenue
  • GAAP operating margin of 35.6% of revenue; Non-GAAP operating margin of 38.1% of revenue
  • GAAP diluted EPS of $0.95; Non-GAAP diluted EPS of $1.05
  • Operating Cash Flow of $487 million, or 48.5% of revenue; Free Cash Flow of $446 million, or 44.4% of revenue

The following information was filed by Analog Devices Inc (ADI) on Tuesday, November 22, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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