The analog/mixed signal semiconductor market as a whole should continue to grow this year, following a very strong 2024. Macro and geopolitical developments, particularly with respect to China given the industry’s dependence on it keep us cautious despite the fact that we are currently in a growth cycle in semiconductors. We think there may be opportunity in Semtech Corp. (SMTC) and Analog Devices (ADI) . The World Semiconductor Trade Statistics (WSTS), which supplies data to the Semiconductor Industry Asso ...

芯片超人现有 1600平米 芯片智能仓储基地，现货库存型号 1000+ ，品牌高达 100种 ， 5000万颗 现 货库存芯片，总重量 10吨 ，库存价值高达 1亿+ 。同时，芯片超人在深圳设有独立实验室，每颗物料 均 安排QC质检 。 求购以下料号 电脑可以登录网页版：dl.icsuperman.com 推荐阅读： 点击查看往期内容 ↓ ↓ ↓ | 品牌 | 型号 | 数量 | 年份 | | --- | --- | --- | --- | | Littelfuse | CG21000MS | 3500PCS | 24+ | | AWINIC | AW83118TSR | 2500PCS | 22+ | 累计服务1.8万用户 打折清库存，最快半天完成交易 找不到，卖不掉，价格还想再好点 来我们【工厂呆料】小程序看看 | 品牌 | 型号 | 数量 | | --- | --- | --- | | TI | BQ7694003DBTR | 4K | | ADI | LTC2174IUKG-14#PBF | 200 | | Holtek/合泰 | HT66FB560 | 20K 48LQFP封装 | 优势物料，特价出 ...

Group 1: Company Performance - Analog Devices (ADI) shares closed nearly 2% higher, outperforming the S&P 500 index which rose by just over 1% [1] - Citigroup identified Analog Devices as a top pick in the semiconductor sector, indicating confidence in its future performance [2] Group 2: Industry Insights - The semiconductor industry reported April sales of $55 billion, reflecting a decrease of more than 11% from March, but this was in line with seasonal trends and close to the forecasted 10% decline [4] - Year-over-year, April sales were 24% higher, indicating a positive long-term growth trajectory for the industry [4] - Average selling prices in April fell by 3.2% month over month, which was less than the anticipated 5.3% drop, suggesting a more stable pricing environment than expected [5] Group 3: Future Outlook - Citigroup forecasts an 8% increase in the semiconductor market over 2024's level, indicating a recovery and growth potential in the sector [6] - Analog Devices and Texas Instruments are viewed as defensive stocks, making them attractive picks in a challenging environment due to their wide product range, which provides a natural hedge [6]

Analog Devices’ NASDAQ: ADI FQ2 2025 earnings report and guidance update reads like a textbook example of a bull-case scenario for semiconductor stocks. The company’s CEO cited strength in all markets when discussing the ongoing cyclical recovery. Key details from the report include a return to growth, driven by outperformance, strong guidance, and sufficient cash flow to sustain a robust capital return. Analog Devices TodayADIAnalog Devices$218.27 +0.83 (+0.38%) 52-Week Range$158.65▼$247.10Dividend Yield1 ...

芯片超人现有 1600平米 芯片智能仓储基地，现货库存型号 1000+ ，品牌高达 100种 ， 5000万颗 现 货库存芯片，总重量 10吨 ，库存价值高达 1亿+ 。同时，芯片超人在深圳设有独立实验室，每颗物料 均 安排QC质检 。 求购以下料号 | 品牌 | 型号 | 数量 | | --- | --- | --- | | BEL FUSE | 0685T3000-01 | 50K | | ADI | ADXRS453BEYZ-RL | 500个 | | ADI | AD9254BCPZ-150 | 500个 | | 英飞凌 | IPLU300N04S41R1 | 4K 2年内 | 优势物料，特价出售 | 品牌 | 型号 | 数量 | 年份 | | --- | --- | --- | --- | | TI | TPS78230DRVR | 15k | 24+ | | TI | TLV70218DBVR | 12000pcs | 24+ | | 博通 | BCM5338MKQMG | 165pcs | 12+及 | | | | | 11+ | | TI | BQ25890RTWR | 3k | 22+ | ...

如果您希望可以时常见面，欢迎标星收藏哦~ 引言 过去我们总说，半导体行业是"典型的周期性行业"，有起有落，涨跌之间大致规律可循。但是 过去这轮下行周期，已经打破了我们对"半导体标准周期"的理解。 在半导体领域，周期是一个耳熟能详且司空见惯的词。半导体周期是行业供需失衡的自然产物，是 技术进步与市场反馈的交互循环。理解周期，才能理解这个行业的本质。半导体周期的通常表现 为：需求暴涨→供不应求→价格上涨→利润大增→大量扩产→过度扩产→供过于求→库存上升→价 格下跌→利润下滑→企业减产/裁员→产能出清→市场恢复→下一轮增长起点，这个周期通常持续 16个季度，大约4年，周而复始。 自2021年疫情开始所导致的本轮周期性变化，直到2024年的第四季度多数企业的情况仍处于地 位，这次的下行走势却显得特别拖沓而复杂，引发了业内对结构性变化的更多思考。最近有传言报 道，全球最大的SiC龙头企业Wolfspeed正在申请破产保护，"复苏期"反而爆雷？这说明我们正在 经历的，不是过去周期的"简单重演"，而是一个更具不确定性的全新阶段。 从 2018 年 Q1 到 2025 年 Q1 的整体营收与盈利能力变化趋势 （图源： sem ...

Core Insights - Analog Devices, Inc. is recognized as a highly respected and quality franchise in the analog semiconductor space, particularly in signal conversion and processing [1] - The company has undergone significant transformation over the past 15 years, focusing on high-value applications and rationalizing its product portfolio [1] - Analog Devices has implemented a hybrid manufacturing strategy that provides flexibility and supports margins during downturns [1] - The company is actively pursuing inorganic growth opportunities to enhance its franchise and growth potential [1] - There is a shift towards more aggressive capital return strategies compared to previous years, indicating a positive outlook for shareholder returns [1]

Financial Data and Key Metrics Changes - The company experienced a significant revenue decline of over 30% from peak to trough, yet managed to maintain operating margins above 40% during this period, demonstrating resilience in its business model [21][23][27] - Gross margins were reported in the high sixties, with expectations to improve as the company moves into future years [13][16][27] Business Line Data and Key Metrics Changes - The industrial business, which constituted 53% of overall business in 2023, saw a decline to 44%, impacting overall margins [23] - The consumer business has shown strong growth, increasing by 30% over three consecutive quarters, contributing to an expected $500 million in incremental revenue for 2025 [42][43] Market Data and Key Metrics Changes - China revenue is approximately 20% of total revenue, with a noted recovery in demand across various end markets, particularly in automotive [74][78] - The company reported strong demand signals with book-to-bill ratios above one in nearly all geographies and end markets, indicating a positive outlook [81] Company Strategy and Development Direction - The company is focusing on high-value applications and has a hybrid manufacturing strategy that allows flexibility in production, which has been crucial during downturns [3][7][18] - There is a strong emphasis on innovation and maintaining a competitive edge through R&D investment, which is currently around 17% of revenue [100][102] Management's Comments on Operating Environment and Future Outlook - Management expressed increased confidence in achieving growth targets for 2025, driven by a recovery in industrial markets and strong performance in automotive and consumer sectors [47][51] - The company is closely monitoring macroeconomic factors, including potential demand disruptions due to tariffs, but has not yet seen significant impacts [68][70] Other Important Information - The company has diversified its manufacturing footprint globally, with significant operations in the US, Ireland, and Asia, which is critical for navigating geopolitical shifts [73][75] - The company is actively investing in AI capabilities, both for internal processes and product development, to enhance its competitive position [104] Q&A Session Summary Question: What are the drivers behind the company's growth targets? - The company expects growth from stable pricing, revenue synergies from acquisitions, and participation in industry tailwinds such as automation and electrification [36][37][38] Question: How does the company view the competitive environment in China? - The company acknowledges the competitive pressures in China but believes its focus on high-performance products and system value provides a buffer against pricing pressures [82][84] Question: What is the company's strategy regarding manufacturing capacity in the US? - Currently, the company does not plan to build additional fab capacity in the near term, feeling confident in its existing manufacturing footprint [95][96]

Group 1 - Analog Devices (ADI) is outperforming its sector with a year-to-date return of 2.1%, while the average return for Computer and Technology companies is -1.3% [4] - The Zacks Rank for Analog Devices is 2 (Buy), indicating a positive earnings outlook with a 2.8% increase in the consensus estimate for full-year earnings over the past quarter [3] - Analog Devices belongs to the Semiconductor - Analog and Mixed industry, which has an average loss of 2.7% year-to-date, further highlighting ADI's strong performance within its specific industry [5] Group 2 - American Superconductor (AMSC) has a year-to-date return of 11.2%, outperforming the Computer and Technology sector [4] - The consensus estimate for AMSC's current year EPS has increased by 2.5% over the past three months, and it also holds a Zacks Rank of 2 (Buy) [5] - The Electronics - Miscellaneous Components industry, to which AMSC belongs, has moved up by 1.1% year-to-date, ranking 81 among 26 stocks [6]

我是芯片超人花姐，入行20年，有50W+芯片行业粉丝。 有很多不方便公开发公众号的， 关于芯片买卖、关于资 源链接等， 我会分享在朋友圈 。 扫码加我本人微信 本月现货市场较上月有所降温，许多在上月热度飙升的型号，本月热度回落，价格也随之下滑。除 长期热门的MCU外，本月来自不同品牌的存储和模拟芯片需求相对活跃，带来了一定的市场机 会。我们收集整理了一些近期有询价 增 多、热度较高的芯片型号，供大家参考 （不作为交易推荐） ： NO.1 即将 停产 的 eMMC KLM4G1FETE-B041：持续 涨价 这颗芯片 5月热度攀升，今年 以来 价格 持续 上涨，从 常态 的 1 5 元 左右，一路 涨至现在的 30 元左右 。 KLM4G1FETE-B041属于三星即将停产的 eMMC 。 为 eMMC5.1闪存芯片，容量4GB，应用于移 动设备。这类小容量eMMC在移动设备上一直有稳定的需求，且相比DRAM，eMMC的替代并没有 那么容易 。 目前该芯片已经接近6月最后一次下单时间 。根据去年 年底 流传 的 停产 通知： 1.受影响产品 (类) 不可取消、不可重新安排 ("NCNR") 的 最后一次购买订单 ...