3Q 15 2Q 15 3Q 14 Aug. 1,

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Analog Devices, Third Quarter, Fiscal 2015

Schedule A

Revenue and Earnings Summary (Unaudited)

(In thousands, except per-share amounts)

Revenue

Year-to-year change

Quarter-to-quarter change

Cost of sales (1)

Gross margin

Gross margin percentage

Year-to-year change (basis points)

Quarter-to-quarter change (basis points)

Operating expenses:

R&D (1)

Selling, marketing and G&A (1)

Amortization of intangibles

Total operating expenses

Total operating expenses percentage

Year-to-year change (basis points)

Quarter-to-quarter change (basis points)

Operating income

Operating income percentage

Year-to-year change (basis points)

Quarter-to-quarter change (basis points)

Other expense

Income before income tax

Provision for income taxes

Tax rate percentage

Net income

Shares used for EPS - basic

Shares used for EPS - diluted

Earnings per share - basic

Earnings per share - diluted

Dividends paid per share

(1) Includes stock-based compensation expense as follows:

Cost of sales

R&D

Selling, marketing and G&A

3Q 15

Three Months Ended

2Q 15 3Q 14

Aug. 1,

2015

$ 863,365

19%

5%

294,328

569,037

65.9%

50

-50

160,784

120,030

22,954

303,768

35.2%

-240

-80

265,269

30.7%

290

40

5,791

259,478

43,000

16.6%

$ 216,478

313,877

318,187

May 2,

2015

$ 821,019

18%

6%

276,197

544,822

66.4%

30

120

154,233

117,371

24,210

295,814

36.0%

170

-230

249,008

30.3%

-140

340

3,819

245,189

39,851

16.3%

$ 205,338

Aug. 2,

2014

$ 727,752

8%

5%

251,462

476,290

65.4%

90

-70

140,095

132,989

660

273,744

37.6%

400

330

202,546

27.8%

-310

-390

5,158

197,388

16,782

8.5%

$ 180,606

312,660

317,047

314,190

318,876

$ 0.69

$ 0.68

$ 0.66

$ 0.65

$ 0.57

$ 0.57

$ 0.40

$ 0.40

$ 0.37

$ 2,196

$ 6,839

$ 7,329

$ 2,207

$ 6,416

$ 7,478

$ 1,724

$ 5,415

$ 6,331

Cash & short-term investments

Accounts receivable, net

Inventories (1)

Other current assets

Total current assets

PP&E, net

Investments

Goodwill

Intangible assets, net

Other

Total assets

Analog Devices, Third Quarter, Fiscal 2015

Schedule B

Selected Balance Sheet Information (Unaudited)

(In thousands)

3Q 15

Aug. 1,

2015

$ 3,099,961

451,511

424,475

173,945

4,149,892

631,269

40,324

1,640,381

601,882

70,953

$ 7,134,701

2Q 15

May 2,

2015

$ 3,074,778

408,510

394,494

167,979

4,045,761

629,665

39,687

1,643,614

621,277

68,471

$ 7,048,475

3Q 14

Aug. 2,

2014

$ 4,932,259

394,762

415,098

181,765

5,923,884

609,937

32,022

1,631,890

695,832

79,900

$ 8,973,465

Deferred income on shipments to distributors, net

Other current liabilities

Long-term debt, current

Long-term debt, non-current

Non-current liabilities

Shareholders' equity

Total liabilities & equity

$

$

307,265

375,753

374,752

498,448

513,322

5,065,161

7,134,701

$

$

295,428

398,127

374,664

498,399

517,649

4,964,208

7,048,475

(1) Includes $2,935, $3,066, and $2,094 related to stock-based compensation in

3Q15, 2Q15, and 3Q14, respectively.

$ 285,832

341,296

1,995,398

872,652

471,090

5,007,197

$ 8,973,465

Analog Devices, Third Quarter, Fiscal 2015

Schedule C

Cash Flow Statement (Unaudited)

(In thousands)

3Q 15

Aug. 1,

Three Months Ended

2Q 15

May 2,

3Q 14

Aug. 2,

2015 2015 2014

$ 216,478 $ 205,338 $ 180,606

Cash flows from operating activities:

Net Income

Adjustments to reconcile net income

to net cash provided by operations:

Depreciation

Amortization of intangibles

Stock-based compensation expense

Other non-cash activity

Excess tax benefit - stock options

Deferred income taxes

Changes in operating assets and liabilities

Total adjustments

Net cash provided by operating activities

Percent of total revenue

Cash flows from investing activities:

Purchases of short-term available-for-sale investments

Maturities of short-term available-for-sale investments

Sales of short-term available-for-sale investments

Additions to property, plant and equipment

Payments for acquisitions, net of cash acquired

Change in other assets

Net cash (used for) provided by investing activities

Cash flows from financing activities:

Proceeds from debt

Dividend payments to shareholders

Repurchase of common stock

Proceeds from employee stock plans

Excess tax benefit - stock options

Contingent consideration payment

Change in other financing activities

Net cash (used for) provided by financing activities

Effect of exchange rate changes on cash

Net (decrease) increase in cash and cash equivalents

Cash and cash equivalents at beginning of period

Cash and cash equivalents at end of period

23,898

16,364

3,827

(6,373)

(17,168)

(73,537)

$

33,650

(19,339)

197,139

22.8%

(1,403,600)

1,083,474

215,998

(35,164)

(6,947)

(1,180)

(147,419)

-

(125,511)

(31,340)

19,988

6,373

(1,767)

4,327

(127,930)

(509)

(78,719)

636,216

557,497

25,154

16,101

1,832

(11,142)

(6,481)

81,193

$

32,036

138,693

344,031

41.9%

(1,661,176)

1,154,412

291,900

(49,229)

-

(4,468)

(268,561)

-

(124,882)

(24,275)

52,090

11,142

-

(3,563)

(89,488)

32

(13,986)

650,202

636,216 $

28,353

1,610

13,470

1,006

(9,322)

(6,380)

4,099

32,836

213,442

29.3%

(1,028,781)

1,815,862

1,298,044

(42,315)

(1,943,704)

(340)

98,766

1,995,398

(116,098)

(57,394)

36,045

9,322

(1,803)

5,406

1,870,876

(433)

2,182,651

402,790

2,585,441

Analog Devices, Third Quarter, Fiscal 2015

Schedule D

Revenue Trends by End Market (Unaudited)

The categorization of revenue by end market is determined using a variety of data points including the technical characteristics of the product, the “sold to” customer information, the "ship to" customer information and the end customer product or application into which our product will be incorporated. As data systems for capturing and tracking this data evolve and improve, the categorization of products by end market can vary over time. When this occurs we reclassify revenue by end market for prior periods. Such reclassifications typically do not materially change the sizing of, or the underlying trends of results within, each end market. The results below are inclusive of the Hittite acquisition from the acquisition date, July 22, 2014.

Industrial

Automotive

Consumer

Communications

Total Revenue

Revenue

$ 384,187

130,109

206,778

142,291

$ 863,365

Aug 1,

2015

% *

44%

15%

24%

16%

100%

Three Months Ended

Q/Q %

-2%

-7%

89%

-22%

5%

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

Y/Y %

10%

0%

155%

-14%

19%

May 2,

2015

Revenue

$ 390,082

139,725

109,243

181,969

$ 821,019

Aug. 2,

2014

Revenue

$ 350,683

130,269

80,948

165,852

$ 727,752

Analog Devices, Third Quarter, Fiscal 2015

Schedule E

Reconciliation from GAAP to Non-GAAP Data (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.

3Q 15

Aug. 1,

2015

Three Months Ended

2Q 15

May 2,

2015

3Q 14

Aug. 2,

2014

$863,365

5%

-

$ 863,365

5%

$821,019

6%

-

$ 821,019

6%

$727,752

5%

(5,392)

$ 722,360

4%

GAAP Revenue

Q/Q Revenue growth %

Hittite Operations

Non-GAAP Revenue

Q/Q Revenue growth %

GAAP Gross Margin

Gross Margin Percentage

Hittite Operations

Acquisition-Related Expenses

Non-GAAP Gross Margin

Gross Margin Percentage

GAAP Operating Expenses

Percent of Revenue

Hittite Operations

Acquisition-Related Expenses

Acquisition-Related Transaction Costs

Non-GAAP Operating Expenses

Percent of Revenue

GAAP Operating Income/Margin

Percent of Revenue

Hittite Operations

Acquisition-Related Expenses

Acquisition-Related Transaction Costs

Non-GAAP Operating Income/Margin

Percent of Revenue

GAAP Other Expense

Percent of Revenue

Acquisition-Related Debt Costs

Non-GAAP Other Expense

Percent of Revenue

GAAP Diluted EPS

Hittite Operations

Acquisition-Related Expenses

Acquisition-Related Transaction Costs

Acquisition-Related Debt Costs

Acquisition-Related Tax Impact

Non-GAAP Diluted EPS (1)

$569,037

65.9%

-

1,307

$ 570,344

66.1%

$ 303,768

35.2%

-

(23,490)

(5,139)

$ 275,139

31.9%

$ 265,269

30.7%

-

24,797

5,139

$ 295,205

34.2%

$ 5,791

0.7%

-

$ 5,791

0.7%

$ 0.68

-

0.08

0.02

-

(0.00)

$ 0.77

$ 249,008

30.3%

-

25,955

1,820

$ 276,783

33.7%

$ 3,819

0.5%

-

$ 3,819

0.5%

$ 0.65

-

0.08

0.01

-

(0.01)

$ 0.73

$544,822

66.4%

-

1,520

$ 546,342

66.5%

$ 295,814

36.0%

-

(24,435)

(1,820)

$ 269,559

32.8%

$ 202,546

27.8%

(982)

12,121

21,123

$ 234,808

32.5%

$ 5,158

0.7%

(1,513)

$ 3,645

0.5%

$ 0.57

-

0.02

0.04

-

-

$ 0.63

$476,290

65.4%

(3,015)

6,837

$ 480,112

66.5%

$ 273,744

37.6%

(2,033)

(5,284)

(21,123)

$ 245,304

34.0%

(1) The sum of the individual per share amounts may not equal the total due to rounding

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