Analog Devices Results Boosted by Higher Demand for Automotive Chips

Core Insights - Analog Devices exceeded profit and sales estimates due to increased demand for automotive chips [1] - The company reported adjusted EPS of $1.67, surpassing the expected $1.64, while revenue decreased by 10% year-over-year to $2.44 billion, which was still above estimates [1] - CFO Richard Puccio acknowledged ongoing macroeconomic uncertainty but noted a steady increase in orders, particularly in the automotive sector [2] Group 1 - Demand for semiconductors in the automotive sector significantly contributed to the company's performance [1] - The company experienced a historic revenue decline in fiscal 2024 due to unprecedented customer inventory challenges, but remains cautiously optimistic for fiscal 2025 [2] - For the first quarter of 2025, Analog Devices anticipates adjusted EPS of $1.53, slightly below forecasts, and predicts revenue of $2.35 billion, aligning with expectations [2] Group 2 - Shares of Analog Devices rose by 3% following the announcement of better-than-expected results, contributing to a 16% increase in value for the year [2]