Analog Devices Inc. (ADI) has reported third-quarter fiscal 2024 adjusted earnings of $1.58 per share, which surpassed the Zacks Consensus Estimate by 5.3%. The bottom line declined 37% from the year-ago quarter.Revenues of $2.31 billion beat the Zacks Consensus Estimate of $2.27 billion. However, the top line fell 25% from the year-ago quarter.Softness in the industrial, communications and automotive end-markets led to the year-over-year decline in the top line.Revenues by End MarketsIndustrial: The market ...

Analog Devices, Inc. (NASDAQ:ADI) Q3 2024 Earnings Conference Call August 21, 2024 10:00 AM ET Company Participants Michael Lucarelli - Vice President, Investor Relations and FP&A Vincent Roche - Chief Executive Officer and Chair of the Board of Directors Richard Puccio - Executive Vice President and Chief Financial Officer Conference Call Participants Tore Svanberg - Stifel Joseph Moore - Morgan Stanley Vivek Arya - Bank of America Securities Timothy Arcuri - UBS Toshiya Hari - Goldman Sachs Stacy Rasgon - ...

Analog Devices (NASDAQ:ADI) just reported results for the third quarter of 2024.Analog Devices reported earnings per share of $1.58. This was above the analyst estimate for EPS of $1.50.The company reported revenue of $2.31 billion.This was 1.85% better than the analyst estimate for revenue of $2.27 billion.InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and ...

Key TakeawaysAnalog Devices beat third-quarter profit and sales estimates as it sees the slump in the chip sector ending.The company posted sequential gains in revenue from its Industrial, Consumer, and Communications units.CFO Richard Puccio said better customer inventory levels and gains in orders point to a recovery. Analog Devices (ADI) shares advanced in intraday trading Wednesday after the semiconductor maker posted better-than-expected results as it benefited from a rebound in the industry. The compa ...

Analog Devices (ADI) reported $2.31 billion in revenue for the quarter ended July 2024, representing a year-over-year decline of 24.8%. EPS of $1.58 for the same period compares to $2.49 a year ago.The reported revenue represents a surprise of +1.69% over the Zacks Consensus Estimate of $2.27 billion. With the consensus EPS estimate being $1.50, the EPS surprise was +5.33%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine t ...

Analog Devices (ADI) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.50 per share. This compares to earnings of $2.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.33%. A quarter ago, it was expected that this semiconductor maker would post earnings of $1.26 per share when it actually produced earnings of $1.40, delivering a surprise of 11.11%.Over the last four quarters, the ...

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 August 3, 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 jurisdictio ...

Exhibit 99.1 Analog Devices Reports Fiscal Third Quarter 2024 Financial Results • Revenue of $2.31 billion, above the midpoint of our outlook with sequential growth in Industrial, Consumer, and Communications • Operating cash flow of $4.0 billion and free cash flow of $2.9 billion on a trailing twelve-month basis • Returned $574 million to shareholders through dividends and repurchases in the third quarter WILMINGTON, Mass.--August 21, 2024--Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, ...

Revenue of $2.31 billion, above the midpoint of our outlook with sequential growth in Industrial, Consumer, and CommunicationsOperating cash flow of $4.0 billion and free cash flow of $2.9 billion on a trailing twelve-month basisReturned $574 million to shareholders through dividends and repurchases in the third quarterWILMINGTON, Mass., Aug. 21, 2024 /PRNewswire/ -- Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, today announced financial results for its fiscal third quarter 2024, which ...

Analog Devices, Inc. (ADI) is scheduled to report third-quarter fiscal 2024 results on Aug 21.ADI expects revenues of $2.27 billion (+/- $100 million). The Zacks Consensus Estimate is pegged at $2.27 billion, indicating a decline of 26.1% from the year-ago quarter’s figure.Analog Devices anticipates adjusted earnings per share of $1.50 (+/- $0.10). The consensus mark for earnings is pinned at $1.50 per share, indicating a 39.8% fall from the prior-year quarter’s figure. The estimate has remained unchanged o ...