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 ...

Exhibit 99.1 Analog Devices Reports Fiscal Second Quarter 2024 Financial Results • Revenue of $2.16 billion, above the midpoint of our outlook • Operating cash flow of $4.3 billion and free cash flow of $3.1 billion on a trailing twelve-month basis • Returned over $675 million to shareholders through dividends and repurchases in the second quarter WILMINGTON, Mass.--(BUSINESS WIRE)--May 22, 2024--Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, today announced financial results for its fis ...

Revenue of $2.16 billion, above the midpoint of our outlookOperating cash flow of $4.3 billion and free cash flow of $3.1 billion on a trailing twelve-month basisReturned over $675 million to shareholders through dividends and repurchases in the second quarterWILMINGTON, Mass., May 22, 2024 /PRNewswire/ -- Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, today announced financial results for its fiscal second quarter 2024, which ended May 4, 2024."ADI delivered second quarter revenue above ...

When considering the best stocks for the next decade of investing, it’s important to remember one thing: no one has a crystal ball. While past performance can help characterize a company up until its present-day trading price, nothing or no one can perfectly predict what a company’s future performance will be. Moreover, it’s not just the financials that make up a company. Public perception, legal battles and the overall market impact can rapidly sway the investor hive mind from one direction to the next.To ...

Analog Devices, Inc. (ADI) is scheduled to report second-quarter fiscal 2024 results on May 22.For the fiscal second quarter, ADI expects revenues of $2.10 billion (+/- $100 million). The Zacks Consensus Estimate for ADI’s revenues is pegged at $2.10 billion, indicating a decline of 35.5% from the year-ago quarter’s reported figure.Analog Devices anticipates adjusted earnings per share of $1.26 (+/- $0.10). The consensus mark for fiscal second-quarter earnings is pinned at $1.26 per share, indicating a 55.5 ...

In its upcoming report, Analog Devices (ADI) is predicted by Wall Street analysts to post quarterly earnings of $1.26 per share, reflecting a decline of 55.5% compared to the same period last year. Revenues are forecasted to be $2.1 billion, representing a year-over-year decrease of 35.5%.Over the last 30 days, there has been a downward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initi ...

The market expects Analog Devices (ADI) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 22, 2024, might help the stock move higher if these key numbers are bet ...