Question-and-Answer Session
Operator
(Operator Instructions)
Our first question comes from the line of Michael Masdea.
Michael Masdea - Credit Suisse
Thanks a lot. The question really I have is if you look at your results on a 13-week basis, you had a substantially above seasonal quarter last quarter and then this coming quarter, depending on I guess what timeframe you use, it’s definitely either below seasonality or more in line with seasonality. But does that suggest to you that what we really just saw was an inventory replenishment that was fairly short-lived? Or is there anything in the demand picture that has changed or the order picture that’s changed that makes you think it is something more?
Jerald G. Fishman
I think, Michael, what we really saw is that we had a strong second quarter. We typically have a strong second quarter. That’s not really related or unrelated to inventory replenishment. It’s just typically our second quarter on a 13-week running rate is a strong quarter. This quarter was a little bit stronger than usual, mostly based on a couple of unique things that are going on at Analog Devices, which I mentioned in my opening comments.
I think the rest of the year, at least our sense, is it is going to unfold the way a typical year would unfold. We get a little seasonality in Q3 because of July and by Q4, particularly after August, the revenue starts growing again and we have a strong quarter.
So I think what we are seeing is at least our sense is that it’s a pretty typical year, that demand looks good across a lot of the segments. There was all this confusion about the inventory for a couple of quarters but that’s been I think long passed for us. So I think we saw a typical Q2 and a little bit better than that. We’re sort of expecting a typical Q3, mindful of the fact that you have the month of July in there, which typically is a weak month. On the other hand, we have a lot of momentum in some of these other areas which might give us some upside. So that’s what we baked into the guidance and I think that’s a very typical pattern for us, at least, for Q3.
Michael Masdea - Credit Suisse
Maybe taking that a step further on the second question, if you look at the wireless business, both on the handset side and the infrastructure business, and the wireless business in the past when we see this kind of strength, there is some risk that you have a bit of inventory correction following, and on the TD-SCDMA side, or the China infrastructure side, you could argue maybe there’s some risk there because they are rolling out a new technology and there needs to be some channel fill, et cetera. Is there any concern you have, or are you seeing any sort of fill and then deplenishment of inventory on that front, or would you expect to see that as we get into the fiscal third or fourth quarter?
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