Segment Information

6 Months Ended

Apr. 29, 2017

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company operates and tracks its results in one reportable segment based on the aggregation of seven operating segments. As of the filing date of this Quarterly Report on Form 10-Q, the assignment of goodwill resulting from the Acquisition to the Company's reporting units has not been completed. The Company designs, develops, manufactures and markets a broad range of integrated circuits (ICs). The Chief Executive Officer has been identified as the Company's Chief Operating Decision Maker. The Company has determined that all of the Company's operating segments share the following similar economic characteristics, and therefore meet the criteria established for operating segments to be aggregated into one reportable segment, namely:

•The primary source of revenue for each operating segment is the sale of ICs.

•The ICs sold by each of the Company's operating segments are manufactured using similar semiconductor manufacturing processes and raw materials in either the Company’s own production facilities or by third-party wafer fabricators using proprietary processes.

•The Company sells its products to tens of thousands of customers worldwide. Many of these customers use products spanning all operating segments in a wide range of applications.

•The ICs marketed by each of the Company's operating segments are sold globally through a direct sales force, third-party distributors, independent sales representatives and via the Company's website to the same types of customers.

All of the Company's operating segments share a similar long-term financial model as they have similar economic characteristics. The causes for variation in operating and financial performance are the same among the Company's operating segments and include factors such as (i) life cycle and price and cost fluctuations, (ii) number of competitors, (iii) product differentiation and (iv) size of market opportunity. Additionally, each operating segment is subject to the overall cyclical nature of the semiconductor industry. Lastly, the number and composition of employees and the amounts and types of tools and materials required for production of products are proportionately similar for each operating segment.

Revenue Trends by End Market

The following table summarizes revenue by end market. 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 the Company’s 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, the Company reclassifies 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 Company is in the process of integrating Linear's results into its systems and end market classifications. As a result, revenues of Linear from the Acquisition Date are presented separately in the table below.

	Three Months Ended
	April 29, 2017						April 30, 2016
	Revenue		% of Revenue*		Y/Y%		Revenue		% of Revenue*
Industrial	$	462,913	46	%	20	%	$	384,706	49	%
Automotive	150,418		15	%	9	%	138,398		18	%
Consumer	205,444		21	%	156	%	80,385		10	%
Communications	181,744		18	%	4	%	175,277		23	%
Total revenue (excluding Linear revenue)	$	1,000,519	100	%	28	%	$	778,766	100	%
Linear revenue	147,463						—
Total revenue	$	1,147,982			47	%	$	778,766

____________

* Percentages are based on total revenue (excluding Linear revenue). The sum of the individual percentages may not equal the total due to rounding.

	Six Months Ended
	April 29, 2017						April 30, 2016
	Revenue		% of Revenue*		Y/Y%		Revenue		% of Revenue*
Industrial	$	865,499	44	%	18	%	$	733,635	47	%
Automotive	289,182		15	%	9	%	265,046		17	%
Consumer	475,590		24	%	130	%	207,143		13	%
Communications	354,697		18	%	4	%	342,371		22	%
Total revenue (excluding Linear revenue)	$	1,984,968	100	%	28	%	$	1,548,195	100	%
Linear revenue	147,463						—
Total revenue	$	2,132,431			38	%	$	1,548,195

____________

* Percentages are based on total revenue (excluding Linear revenue). The sum of the individual percentages may not equal the total due to rounding.

Revenue Trends by Geographic Region

Revenue by geographic region, based on the primary end customer location, for the three- and six-month periods ended April 29, 2017 and April 30, 2016 were as follows:

	Three Months Ended				Six Months Ended
Region	April 29, 2017		April 30, 2016		April 29, 2017		April 30, 2016
United States	$	422,328	$	245,283	$	853,326	$	511,952
Rest of North and South America	27,630		21,423		50,587		42,135
Europe	293,178		245,160		519,513		461,876
Japan	96,289		69,963		185,180		140,185
China	198,209		140,940		351,192		279,663
Rest of Asia	110,348		55,997		172,633		112,384
Total revenue	$	1,147,982	$	778,766	$	2,132,431	$	1,548,195

In the three- and six-month periods ended April 29, 2017 and April 30, 2016, the predominant country comprising “Rest of North and South America” is Canada; the predominant countries comprising “Europe” are Germany, Sweden, France and the United Kingdom; and the predominant countries comprising “Rest of Asia” are South Korea and Taiwan.