智通财经APP获悉，模拟芯片巨头亚德诺公司(ADI.US)周四给出了高于华尔街分析师普遍预期的第三财 季业绩展望，并且截至5月3日的第二财季业绩同样高于华尔街普遍预期，亚德诺最新公布的财报可谓释 放出模拟芯片需求踏入强劲复苏周期的重磅信号，尤其是汽车和工业领域对其模拟芯片产品的需求趋于 旺盛。生成式人工智能逐渐与消费电子端、电动汽车以及工业应用端融合也是推动亚德诺等模拟芯片厂 商业绩迈入上行轨迹的重要驱动力，自2024年下半年以来AI可谓带动模拟芯片需求持续增长。 在该公司重点聚焦的工业领域，ADI提供多种解决方案，包括传感器、数据转换器、放大器和电源管理 器件，满足自动化、过程控制和能源管理等应用的需求，第二财季亚德诺工业部门的营收同比增长 17%，达到11.6 亿美元，汽车部门营收则增长 24%，达到 8.495 亿美元。;在该公司近年来持续加码布局 的电动汽车方面，ADI的产品涵盖电池管理系统、车载信息娱乐系统和高级驾驶辅助系统(ADAS)等关 键组件，支持车辆的电气化和智能化发展。 随着汽车和工业等关键终端市场的模拟芯片需求逐步复苏，以及人工智能大模型更新迭代带动嵌入AI 功能的消费电子终端订单规模增 ...

Financial Performance - Revenue for the three months ended May 3, 2025, increased by 22% to $2,640,068, compared to $2,159,039 for the same period in the prior year[62] - Net income for the three months ended May 3, 2025, rose by 89% to $569,770, up from $302,242 in the same period last year[62] - Total revenue for the six months ended May 3, 2025, was $5,063,242, an 8% increase from $4,671,743 in the same period last year[62] - Net income increased by $267.5 million (89%) in the three months ended May 3, 2025, and by $196.1 million (26%) in the six months ended May 3, 2025, driven by increased operating income[80][81] Margins and Expenses - Gross margin percentage improved to 61.0% for the three months ended May 3, 2025, compared to 54.7% for the same period in the prior year[72] - Gross margin for the six months ended May 3, 2025, was 60.1%, up from 56.8% in the same period last year[72] - Research and Development (R&D) expenses increased by 25% to $441,837 for the three months ended May 3, 2025, compared to $354,862 in the same period last year[73] - Selling, Marketing, General and Administrative (SMG&A) expenses rose by 24% to $302,669 for the three months ended May 3, 2025, compared to $244,129 in the same period last year[74] - Amortization expenses decreased by $1.5 million (1%) in the three months ended May 3, 2025, compared to the same period in the prior year, and by $4.4 million (1%) in the six months ended May 3, 2025[75] - Special charges, net decreased by $4.2 million (71%) in the three months ended May 3, 2025, but increased by $43.5 million (197%) in the six months ended May 3, 2025, primarily due to Global Repositioning Actions[76] - Total nonoperating expense decreased by $9.5 million in the three months ended May 3, 2025, and by $26.3 million in the six months ended May 3, 2025, mainly due to higher interest income and lower interest expense[77] Cash and Debt - Cash and cash equivalents totaled $2.4 billion as of May 3, 2025, with approximately $1.1 billion held in the United States[82] - Net cash provided by operating activities was $1.9 billion for the six months ended May 3, 2025, representing 38% of revenue[84] - Total debt amounted to $7.3 billion as of May 3, 2025, with various notes maturing between 2026 and 2054[94] - The company has $11.4 billion remaining available for stock repurchases under its authorized program of $26.7 billion as of May 3, 2025[98] Assets and Liabilities - Accounts receivable increased by $46.0 million (3%) to $1.4 billion, and inventory increased by $77.2 million (5%) to $1.5 billion as of May 3, 2025[89][90] - Current liabilities decreased to $2.7 billion as of May 3, 2025, primarily due to the repayment of approximately $400.0 million of debt[91] Future Outlook and Management - The company expects to continue developing innovative technologies and processes for new products to maintain product leadership[73] - Capital expenditures for fiscal 2025 are expected to be between approximately 4% and 6% of fiscal 2025 revenue, with net additions to property, plant, and equipment at $239.2 million in the first six months[99] - A cash dividend of $0.99 per outstanding share was declared, totaling approximately $491.3 million, to be paid on June 18, 2025[100] - Management believes that the impact of recently issued accounting standards will not have a material impact on future financial condition and results of operations[101] - There were no material changes in market risks related to financial instruments during the six-month period ended May 3, 2025, compared to the previous annual report[103]

Financial Performance - Revenue for the second quarter of fiscal 2025 was $2.64 billion, representing a 22% year-over-year increase[4] - Gross margin increased to $1.61 billion with a gross margin percentage of 61.0%, up 630 basis points from the previous year[4] - Operating income rose to $678 million, reflecting a 76% increase year-over-year, with an operating margin of 25.7%, up 780 basis points[4] - Diluted earnings per share (EPS) for the quarter was $1.14, an 87% increase compared to $0.61 in the same quarter last year[4] - Net income for the six months ended May 3, 2025, was $961,086, up from $764,969 in the same period last year, reflecting a 26% increase[27] - Operating income for the six months ended May 3, 2025, was $1,169,257, compared to $972,087 for the same period in 2024, representing a 20% increase[30] - Adjusted diluted EPS for the six months ended May 3, 2025, was $3.48, compared to $3.13 in the same period last year[32] Cash Flow and Shareholder Returns - The company generated operating cash flow of $3.9 billion and free cash flow of $3.3 billion over the trailing twelve months, representing 39% and 34% of revenue, respectively[3] - The company returned $0.7 billion to shareholders through dividends and stock repurchases during the second quarter[3] - Free cash flow for the trailing twelve months was $3,293,589, which is 34% of revenue, indicating strong cash generation capabilities[33] Future Projections - For the third quarter of fiscal 2025, the company forecasts revenue of $2.75 billion, with an expected operating margin of approximately 27.2%[6] - The adjusted diluted EPS is projected to be $1.92 for the third quarter, reflecting a strong outlook for continued growth[6] - The company projects revenue of $2.75 billion for the three months ending August 2, 2025, with an operating margin of 27.2%[35] Market Demand and Growth - Bookings accelerated across all end markets and regions, indicating a cyclical recovery and strong demand signals[2] - The automotive segment revenue grew by 24% year-over-year to $849,505 for the three months ended May 3, 2025, indicating strong demand in this market[30] Expenses and Investments - Research and development expenses increased to $441,837 for the three months ended May 3, 2025, up from $354,862 in the same period last year, highlighting the company's commitment to innovation[30] - Capital expenditures for the three months ended May 3, 2025, were $90,268, indicating ongoing investment in growth initiatives[33] - The company reported acquisition-related expenses of $220,277 for the three months ended May 3, 2025[32] Asset Management - Total current assets as of May 3, 2025, were $5,588,537, compared to $5,484,654 as of November 2, 2024, showing a slight increase in liquidity[25] - The company’s total assets decreased to $47,344,487 as of May 3, 2025, from $48,228,277 as of November 2, 2024, indicating a reduction in overall asset base[25] - Cash and cash equivalents at the end of the period were $2,376,235, an increase from $1,991,342 at the end of the previous year[27] Taxation - The effective income tax rate for the six months ended May 3, 2025, was 9.5%, slightly higher than 8.7% in the previous year[32] - The projected tax rate for the upcoming quarter is estimated to be between 11% and 13%[35]

Financial Performance - Analog Devices, Inc. reported revenue of $2.64 billion for the second quarter of fiscal 2025, representing a 22% increase year-over-year from $2.16 billion in the same quarter of the previous year [3][31] - The gross margin for the quarter was $1.61 billion, with a gross margin percentage of 61.0%, up from 54.7% a year ago, reflecting a 630 basis points improvement [3][33] - Operating income increased by 76% to $678 million, with an operating margin of 25.7%, compared to 17.9% in the prior year [3][33] - Diluted earnings per share (EPS) rose 87% to $1.14, compared to $0.61 in the same quarter last year [3][33] Adjusted Results - Adjusted gross margin was $1.83 billion, with an adjusted gross margin percentage of 69.4%, up from 66.7% year-over-year [3][33] - Adjusted operating income was $1.09 billion, with an adjusted operating margin of 41.2%, compared to 39.0% in the previous year [3][33] - Adjusted diluted EPS for the quarter was $1.85, a 32% increase from $1.40 in the same quarter last year [3][34] Cash Flow and Shareholder Returns - The company generated $819 million in net cash from operating activities, representing 31% of revenue, and $729 million in free cash flow, or 28% of revenue [3][29] - Analog Devices returned $740 million to shareholders through dividends and stock repurchases during the second quarter [7][29] - A quarterly cash dividend of $0.99 per share was declared, payable on June 18, 2025 [9] Market Outlook - For the third quarter of fiscal 2025, the company forecasts revenue of $2.75 billion, with an expected operating margin of approximately 27.2% and adjusted operating margin of approximately 41.5% [5][36] - Reported EPS is anticipated to be $1.23, with adjusted EPS expected to be $1.92 [5][36] Revenue Trends by End Market - Revenue growth was observed across all end markets, with industrial revenue at $1.16 billion (44% of total revenue), automotive at $849 million (32%), consumer at $318 million (12%), and communications at $315 million (12%) [31][32] - Year-over-year growth rates for these segments were 17% for industrial, 32% for automotive, 12% for consumer, and 32% for communications [31][32]

Earnings Report - Analog Devices, Inc. is set to release its second-quarter earnings results on May 22, with analysts expecting earnings of $1.70 per share, an increase from $1.40 per share in the same period last year [1] - The company is projected to report quarterly revenue of $2.51 billion, compared to $2.16 billion a year earlier [1] Stock Performance - Analog Devices shares fell 1% to close at $222.22 on Wednesday [2] Analyst Ratings - Stifel analyst Tore Svanberg maintained a Buy rating and raised the price target from $225 to $248 [8] - Citigroup analyst Christopher Danely maintained a Buy rating and increased the price target from $235 to $260 [8] - Cantor Fitzgerald analyst C J Muse maintained a Neutral rating and raised the price target from $230 to $250 [8] - Oppenheimer analyst Rick Schafer maintained an Outperform rating and boosted the price target from $225 to $265 [8] - UBS analyst Timothy Arcuri maintained a Buy rating but reduced the price target from $300 to $295 [8]

The Analog Devices, Inc. (ADI) logo appears on a smartphone screen in this illustration photo in ... More Reno, United States, on December 17, 2024. (Photo by Jaque Silva/NurPhoto via Getty Images)NurPhoto via Getty ImagesAnalog Devices (NASDAQ:ADI) is scheduled to announce its Q2 FY’25 (April 2025) earnings on Thursday, May 22. The consensus estimates revenues of $2.51 billion for the quarter, reflecting a 16% increase year-over-year, while earnings are anticipated to be approximately $1.70 per share, up f ...

智通财经APP获悉，亚德诺(ADI.US)将于5月22日美股盘前公布第二财季业绩，市场普遍预计，该公司 营收将同比增长16.3%，达到25.1亿美元，与上年同期下降33.8%的情况相反。调整后每股收益为1.70美 元。 不过，与同行德州仪器相比，亚德诺对工业市场的展望可能更为保守。尽管亚德诺在工业市场的敞口较 高(占收入的45%，高于德州仪器的34%)，但受关税不确定性影响，公司可能选择谨慎的财务指引。摩 根士丹利认为，在当前环境下，保守的预期更有利于投资者信心。 该行还强调，尽管模拟芯片行业正处于复苏周期，但受半导体关税和出口管制的不确定性影响，复苏更 可能呈现"U型"而非"V型"。亚德诺凭借其高质量的业务组合和稳健的利润率，成为摩根士丹利覆盖范 围内最具防御性的模拟芯片公司。 花旗同样特别看好亚德诺，这主要源于模拟芯片市场(尤其是占公司近半营收的工业领域)呈现的强劲订 单增长趋势。为此，花旗分析师Christopher Danely将目标价从235美元上调至260美元，重申"买入"评 级，并将其列为花旗首选推荐标的。 上一季度，亚德诺业绩超出分析师预期，实现营收24.2亿美元，同比下降3.6%。对于该公司 ...

Core Viewpoint - Analog Devices, Inc. (ADI) is expected to report strong second-quarter fiscal 2025 results, with projected revenues of $2.50 billion, reflecting a 15.9% increase year-over-year, and adjusted earnings per share of $1.68, indicating a 20.7% rise from the previous year [1][2]. Group 1: Financial Expectations - ADI anticipates revenues of $2.50 billion (+/- $100 million), aligning with the Zacks Consensus Estimate, which also stands at $2.50 billion [1]. - The consensus estimate for adjusted earnings per share is $1.69, with ADI projecting $1.68 (+/- 10 cents), showing a consistent outlook over the past 60 days [2]. Group 2: Performance Drivers - The second-quarter performance is likely to benefit from inventory normalization across direct and distribution channels, alongside improved bookings and lean inventory levels following the semiconductor industry's cyclical downturn [3]. - Recent U.S. tariff reductions on the Chinese market are expected to positively impact ADI's revenues, along with strong design wins in sectors such as industrial automation, healthcare, automotive, and communications [4]. - Secular growth trends in industrial automation, healthcare and surgical robotics, automotive, AI infrastructure, and high-end consumer devices are anticipated to drive ADI's top line [5]. Group 3: Challenges - Despite positive growth factors, macroeconomic challenges such as prolonged inflation and high interest rates may pose risks to ADI's performance in the upcoming quarter [5]. Group 4: Earnings Prediction Model - The current earnings prediction model indicates that ADI does not conclusively predict an earnings beat, with an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold) [6].

Analysts on Wall Street project that Analog Devices (ADI) will announce quarterly earnings of $1.69 per share in its forthcoming report, representing an increase of 20.7% year over year. Revenues are projected to reach $2.5 billion, increasing 15.9% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a compan ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Analog Devices (ADI) .Analog Devices currently has an average brokerage recommendation (ABR) of ...