Altera Announces 2006 Results; Sales Up 14%


                          ALTERA CORPORATION
                CONDENSED CONSOLIDATED BALANCE SHEETS
                        (Dollars in thousands)
                             (Unaudited)

                                December 29  September 29  December 30
                                  2006          2006         2005
                               ------------ ------------- ------------
Assets

Current assets:
  Cash and short-term
   investments                  $1,363,747    $1,307,038   $1,166,588
  Accounts receivable, net          74,795       126,543       80,509
  Inventories                       78,477        93,437       70,711
  Deferred compensation plan
   assets                           69,378        66,021       61,567
  Other current assets             148,155       161,997      132,221
                               ------------ ------------- ------------
Total current assets             1,734,552     1,755,036    1,511,596
Long-term investments              256,563       267,899      115,965
Property and equipment, net        178,363       174,804      165,999
Deferred income taxes and
 other assets, net                  45,314        38,928       34,136
                               ------------ ------------- ------------
                                $2,214,792    $2,236,667   $1,827,696
                               ============ ============= ============

Liabilities and Stockholders'
 Equity

Current liabilities:
  Accounts payable and current
   liabilities                  $  230,508    $  279,869   $  239,350
  Deferred compensation plan
   obligations                      69,378        66,021       61,567
  Deferred income and
   allowances on sales to
   distributors                    298,078       330,944      258,285
                               ------------ ------------- ------------
Total current liabilities          597,964       676,834      559,202
Capital lease obligations            1,304         1,486        3,871
Other non-current liabilities        7,363         5,665        5,035
Stockholders' equity             1,608,161     1,552,682    1,259,588
                               ------------ ------------- ------------
                                $2,214,792    $2,236,667   $1,827,696
                               ============ ============= ============


Key Ratios & Information

Current Assets/Current
 Liabilities                           3:1           3:1          3:1
Liabilities/Equity                     1:3           1:2          1:2
Annualized YTD Return on
 Equity                                 23%           21%          21%
Quarterly Depreciation Expense  $    7,133    $    6,744   $    7,038
Quarterly Capital Expenditures  $   10,692    $    9,597   $    7,665
Annualized Sales per Employee   $      506    $      514   $      498
Number of Employees                  2,654         2,649        2,361
Inventory MSOH (a): Altera             2.2           2.5          2.3
Inventory MSOH (a):
 Distribution                          1.3           1.3          1.4
Days Sales Outstanding                  21            34           26

(a) MSOH: Months Supply On Hand

Note: Certain reclassifications have been made to prior period
 balances in order to conform to the current period's presentation.


                          ALTERA CORPORATION
                                             REVENUE  SUMMARY
                                                          (Unaudited)

                                                                                    Quarterly
                                                                                      Growth
                                                                                        Rates      Year  ending  Annual
                                                                                                        -----------  Growth
                                                Q4'06  Q3'06  Q4'05    Q-Q    Y-Y  2006    2005      Rate
                                                -----  -----  -----  ----  ----  -----  -----  ------
Geography
-----------------------
North  America                          22%      23%      26%  -11%    -2%      24%      25%        13%
                                                -----  -----  -----                      -----  -----
Asia  Pacific                            31%      28%      26%      3%    31%      27%      25%        22%
Europe                                        26%      27%      24%  -10%    21%      26%      25%        16%
Japan                                          21%      22%      24%  -11%    -1%      23%      25%          6%
                                                -----  -----  -----                      -----  -----
International                          78%      77%      74%    -6%    17%      76%      75%        15%
                                                -----  -----  -----                      -----  -----
Total                                        100%    100%    100%    -7%    13%    100%    100%        14%
                                                =====  =====  =====                      =====  =====


Product  Category
-----------------------
New                                              24%      21%      11%      6%  155%      19%        9%      150%
Mainstream                                32%      36%      36%  -16%    -1%      35%      34%        17%
Mature  &  Other                        44%      43%      53%    -6%    -6%      46%      57%        -8%
                                                -----  -----  -----                      -----  -----
Total                                        100%    100%    100%    -7%    13%    100%    100%        14%
                                                =====  =====  =====                      =====  =====


Market  Segment
-----------------------
Communications                        39%      41%      43%  -11%      4%      42%      42%        15%
Industrial                                35%      33%      33%    -2%    17%      34%      32%        20%
Consumer                                    15%      15%      15%    -2%    16%      14%      16%          0%
Computer  &  Storage                11%      11%        9%  -14%    34%      10%      10%        16%
                                                -----  -----  -----                      -----  -----
Total                                        100%    100%    100%    -7%    13%    100%    100%        14%
                                                =====  =====  =====                      =====  =====


FPGAs  and  CPLDs
-----------------------
FPGA                                            71%      71%      71%    -8%    13%      71%      70%        16%
CPLD                                            19%      19%      20%    -4%      7%      19%      20%        12%
Other                                          10%      10%        9%    -5%    21%      10%      10%          7%
                                                -----  -----  -----                      -----  -----
Total                                        100%    100%    100%    -7%    13%    100%    100%        14%
                                                =====  =====  =====                      =====  =====
 


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