Analog Devices Q1 Earnings Call Highlights

Industrial was the largest segment at 47% of first-quarter revenue, rising 5% sequentially and 38% year-over-year. Puccio said strength was broad-based, with all industrial segments delivering 25% or more year-over-year growth, including record quarters for automated test equipment (ATE) and aerospace and defense .Operating expenses were $812 million , resulting in a non-GAAP operating margin of 45.5% , above the high end of guidance and up 200 basis points sequentially and 500 basis points year-over-year. ...