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AHEAD OF WHAT'S POSSIBLE ™ Analog Devices Reports First Quarter Fiscal 2021 Results at the High End of Guidance February 17 , 2021 • Revenue of $ 1.56 billion with double digit year - over - year growth across all B2B markets • Operating cash flow of $ 2.1 billion and free cash flow of $ 1.9 billion , or 33 % of revenue , on a trailing twelve months basis • Returned over $ 380 million to shareholders in the first quarter through dividends and share repurchases • Increased quarterly dividend by 11 % , marking the Company's 18th increase over the last 17 years WILMINGTON , Mass .-- ( BUSINESS WIRE ) -- Feb . 17 , 2021-- Analog Devices , Inc. ( Nasdaq : ADI ) , a leading global high - performance semiconductor company , today announced financial results for its first quarter of fiscal 2021 , which ended January 30 , 2021 . " ADI delivered strong first quarter results at the high end of our outlook , reflecting the diversity of our business and our alignment to the most important secular growth trends , " said Vincent Roche , President and CEO . " Revenue increased 20 % year - over - year with growth across all market segments , including a record quarter for our Industrial business . While economic backdrop remains uncertain , we are confident that a broad - based recovery is underway given continued momentum in ADI's bookings and lean inventories across the industry . " Roche continued , " ADI remains focused on addressing our customers ' toughest challenges and providing breakthrough solutions , pushing the edge of what is possible . At the same time , we are passionately driven to deliver a positive impact on the world around us , enabling a more connected , safer and sustainable future , while creating value for all stakeholders . " Performance for the First Quarter of Fiscal 2021 Results Summary ( 1 ) ANALOG DEVICES ( in millions , except per - share amounts and percentages ) Revenue Gross margin Gross margin percentage Operating income Operating margin Diluted earnings per share Adjusted Results Three Months Ended Jan. 30 , 2021 Feb. 1 , 2020 $ 1,558 $ 1,045 67.1 $ 464 29.8 $ 1.04 $ 1,304 $ 848 % 65.1 $ 273 % 21.0 $ 0.55 % % Change 20 23 200 bps 70 880 bps 89 % % % %