LG Energy Solution signs MoU with Analog Devices, Inc. (ADI), a global semiconductor leader with Innovative Intelligence at the Edge technologies in the field of battery management.The companies are working towards co-development of a technology that will enable precise measurement of battery cells' internal temperature. This has potential to enhance safety and charging speed, thus further advancing the clean energy ecosystem.LG Energy Solution aims to provide differentiated customer value through its advan ...

Analog Devices, Inc. (NASDAQ:ADI) Bernstein 40th Annual Strategic Decisions Conference May 29, 2024 10:00 AM ET Company Participants Michael Lucarelli - VP, IR & FP&A Richard Puccio - Executive VP & CFO Conference Call Participants Stacy Rasgon - Bernstein Stacy Rasgon I guess, we'll get started. Good morning, everyone. Thank you for coming. I'm Stacy Rasgon. I cover the U.S. semiconductor sector here at Bernstein. And it's my honor today to introduce our guests, Rich Puccio, the CFO of Analog Devices; and ...

Certain technology companies get all the attention and generate all the media headlines. This fact leaves many companies lurking in the shadows and off the radar screens of investors. This is a sorry state of affairs as it means that investors are missing out on great stocks, a lot of which can be purchased now at bargain prices even as they begin to rise again and post solid returns.Little-known stocks in the semiconductor, e-commerce, financial technology and cryptocurrency sectors are flying out of most ...

WILMINGTON, Mass., May 23, 2024 /PRNewswire/ -- Analog Devices, Inc. (Nasdaq: ADI) today announced that the Company's Executive Vice President & Chief Financial Officer, Richard Puccio, will discuss business topics and trends at the Bernstein 40th Annual Strategic Decisions Conference taking place at the New York Hilton Midtown Hotel, located in New York, New York, on Wednesday, May 29, 2024, at 10:00 a.m. EST.The webcast for the conference may be accessed live via the Investor Relations section of Analog D ...

Key PointsAnalog Devices has a better-than-feared quarter and indicates the start of a cyclical recovery. Cash flow and capital returns are robust and will continue this year. Analysts are leading this market to new highs: a 10% to 20% upside is still possible. 5 stocks we like better than Analog DevicesAnalog Devices NASDAQ: ADI share prices are surging because a trough is in place, and the outlook is robust. The FQ2 results and guidance for FQ3 aren't robust but show markets stronger than expected, and AI ...

Financial Data and Key Metrics Changes - Revenue for Q2 2024 was $2.16 billion, down 34% year-over-year, but above the midpoint of the company's outlook [6][17] - Gross margin was 66.7%, down sequentially and year-over-year, driven by unfavorable mix and lower revenue [18] - Operating margin was 39%, exceeding the high end of the outlook, with EPS of $1.40, also above expectations [18][19] - The company ended Q2 with over $2.3 billion in cash and short-term investments, and a net leverage ratio of 1.1 [19] Business Line Data and Key Metrics Changes - Industrial segment represented 47% of revenue, down 44% year-over-year, impacted by inventory digestion [17] - Automotive segment accounted for 30% of revenue, down 10% year-over-year, with growth in connectivity and functionally safe power franchises [17] - Communications segment represented 11% of revenue, down 45% year-over-year, affected by inventory digestion and weaker demand [17] - Consumer segment also represented 11% of revenue, down 9% year-over-year, with growth in portable applications partially offsetting declines [17] Market Data and Key Metrics Changes - Global manufacturing PMIs are improving, correlating positively with the company's core business [6] - Book-to-bill ratio was above parity for the first time in over a year, indicating a recovery in bookings [21] Company Strategy and Development Direction - The company is focusing on long-term strategic priorities while managing short-term economic uncertainties [7] - Growth opportunities are identified in healthcare, industrial automation, and automotive sectors, particularly with AI integration [8][9][10] - The company is leveraging AI to enhance product offerings and operational efficiency, with a focus on infrastructure and high-performance computing [11][12][14] Management's Comments on Operating Environment and Future Outlook - Management believes the company has passed the low point of the cycle and anticipates a cyclical recovery [6][21] - There is cautious optimism due to ongoing economic and geopolitical uncertainties, but strong demand signals are noted [7][39] - The company expects revenue for Q3 to be $2.27 billion, with all B2B markets anticipated to grow sequentially [20] Other Important Information - The company generated $3.1 billion of free cash flow over the last 12 months, returning approximately 110% of free cash flow via dividends and share repurchases [20] - Capital expenditures for fiscal 2024 are expected to be around $700 million, a reduction of approximately 45% compared to 2023 [19] Q&A Session Summary Question: Outlook for Q3 in Industrial - Management expects industrial to be the strongest performer in Q3, driven by diversified demand and inventory replenishment [24][25] Question: Book-to-bill ratio across segments - The book-to-bill ratio is above one in all end markets, with broad-based improvement in bookings [29][30] Question: Shape of the recovery in the back half of the year - Management believes the bottom of the cycle has been reached, with strong PMIs supporting continued growth [33][34] Question: Understanding true change in end demand - It is challenging to quantify end demand due to inventory fluctuations, but signals indicate healthier customer inventories [36][40] Question: Gross margin drivers and pricing - Gross margin is expected to improve modestly in the second half, with stable pricing across the portfolio [45][49] Question: M&A environment and future acquisitions - The company is focused on capturing synergies from past acquisitions and is always looking for new assets to enhance capabilities [52][54] Question: Risk of tight supply environment - The company has significant internal inventory and capacity to meet surging demand, mitigating risks of supply shortages [56][59] Question: Growth driven by direct customer orders - Growth is being driven by real demand at the end market level, not just channel refilling [60][61] Question: Structural improvement in margin profile - The company has demonstrated strong operational control over expenses and expects margin expansion as revenue grows [64][67]

Analog Devices Inc. (ADI) has reported second-quarter fiscal 2024 adjusted earnings of $1.40 per share, which surpassed the Zacks Consensus Estimate by 11.1%. The bottom line declined 51% from the year-ago quarter.Revenues of $2.16 billion beat the Zacks Consensus Estimate of $2.10 billion. The top line fell 34% from the year-ago quarter.Softness in the communications, consumer, automotive and industrial end-markets was a major negative.Revenues by End MarketsIndustrial: The market generated revenues of $1. ...

Key TakeawaysAnalog Devices beat profit and sales estimates as the semiconductor manufacturer sees a "cyclical recovery" ahead.The company also posted current-quarter guidance that exceeded forecasts.Analog Devices said customer inventories are stabilizing, and new orders are rising. Analog Devices (ADI) shares soared to a record high Wednesday after the semiconductor maker posted better-than-expected results and guidance as inventory backlogs eased. The company reported fiscal second-quarter adjusted earni ...

For the quarter ended April 2024, Analog Devices (ADI) reported revenue of $2.16 billion, down 33.8% over the same period last year. EPS came in at $1.40, compared to $2.83 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.1 billion, representing a surprise of +2.60%. The company delivered an EPS surprise of +11.11%, with the consensus EPS estimate being $1.26.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 4, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-7819 Analog Devices, Inc. (Exact name of registrant as specified in its charter) Massachusetts 04-2348234 (State or other jurisdiction o ...