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Analog Devices Reports Record Revenue and Earnings for the Third Quarter Fiscal 2021 Revenue of $ 1.76 billion , a new all - time high , with 21 % year over year growth All end markets grew sequentially , underscored by record revenue in Industrial and Automotive Operating cash flow of $ 2.5 billion and free cash flow of $ 2.2 billion , or 34 % of revenue , on a trailing twelve months basis Returned more than $ 400 million to shareholders in the third quarter through dividends and share repurchases ● Not included in the original third quarter outlook was $ 24 million of Automotive revenue and $ 0.05 of EPS , resulting from an IP licensing agreement WILMINGTON , Mass .-- ( BUSINESS WIRE ) -- August 18 , 2021 -- Analog Devices , Inc. ( Nasdaq : ADI ) , a leading global high - performance semiconductor company , today announced financial results for its third quarter of fiscal 2021 , which ended July 31 , 2021 . " ADI delivered record revenue and earnings for the second consecutive quarter with continued gross and operating margin expansion . All markets increased sequentially with our Industrial and Automotive segments once again achieving records , " said Vincent Roche , President and CEO . " Robust bookings across all end markets , combined with lean inventories and ongoing capacity additions will enable us to close this year on a high note and continue to grow into fiscal 2022. " Roche continued , " The economic recovery continues to take shape with demand still far exceeding supply , underscoring the importance of semiconductors across all industries . We continue to execute soundly , and I have never been more confident about the future of ADI's franchise as our solutions become more vital in the modern digital age . Our ethos of innovation , deep customer engagements , and alignment with favorable secular growth drivers position us to deliver strong returns in the years to come . "