Welcome to our dedicated page for Analog Devices news (Ticker: ADI), a resource for investors and traders seeking the latest updates and insights on Analog Devices stock.
Analog Devices, Inc. (NASDAQ: ADI) is a leading global semiconductor company based in Wilmington, Massachusetts, specializing in data conversion, signal processing, and power management technology. ADI serves tens of thousands of customers worldwide, with a significant portion of its revenue stemming from industrial and automotive markets. Known for its innovative converter chips that translate analog signals to digital and vice versa, ADI's technology is pivotal in various applications, including wireless infrastructure equipment, digitized factories, and digital healthcare.
In fiscal 2023, Analog Devices achieved revenue milestones, recording $12.3 billion, driven by robust performances in its Industrial and Automotive segments. The company generated an operating cash flow of $4.8 billion and a free cash flow of $3.6 billion, enabling it to return more than $4.6 billion to shareholders through share repurchases and dividends.
Despite macroeconomic challenges, ADI continues to thrive, emphasizing innovation and customer engagement. The company recently announced significant technological advancements such as the Sensinel™ Cardiopulmonary Management (CPM) System, a wearable device with FDA 510(k) clearance, and partnerships with giants like Honeywell and BMW for enhanced connectivity solutions. Furthermore, ADI's hybrid manufacturing network, bolstered by strategic collaborations with TSMC and JASM, ensures resilient and scalable production capabilities.
With a product portfolio designed to leverage secular trends and a commitment to strategic investments, ADI remains confident in its ability to drive shareholder value. The company's forward-looking approach and consistent execution excellence position it as a steadfast leader in the semiconductor industry.
Analog Devices (ADI) has announced it will release its fourth quarter fiscal year 2024 financial results on Tuesday, November 26, 2024, at 7:00 a.m. Eastern time. The company will host a conference call at 10:00 a.m. Eastern time on the same day, featuring CEO and Chair Vincent Roche, CFO Richard Puccio, and VP of Investor Relations Michael Lucarelli. The call will discuss ADI's results and business outlook, and can be accessed through the company's Investor Relations website.
Analog Devices (Nasdaq: ADI) has launched a suite of developer-centric offerings to accelerate innovations for the Intelligent Edge. The centerpiece is CodeFusion Studio™, a comprehensive embedded software development environment based on Microsoft's Visual Studio code. This is complemented by the new ADI Developer Portal and the ADI Assure™ Trusted Edge Security Architecture.
CodeFusion Studio™ leverages a modern integrated development environment (IDE) and command-line interface, incorporating open-source tools to simplify development on heterogeneous processors. The ADI Developer Portal serves as a resource hub, offering documentation, support, and community engagement. ADI Assure™ provides a universal hardware and software security foundation for Intelligent Edge devices.
These offerings aim to help customers bring products to market more quickly with enhanced security and reliability, potentially leading to better business decisions, improved customer satisfaction, and overall business growth.
Tata Group and Analog Devices, Inc. (Nasdaq: ADI) have announced a strategic alliance to explore cooperative manufacturing opportunities in India's semiconductor ecosystem. The partnership involves Tata Electronics, Tata Motors, and Tejas Networks signing an MoU with ADI to enhance cooperation, explore semiconductor manufacturing in India, and utilize ADI's products in Tata applications like electric vehicles and network infrastructure.
Tata Electronics is investing $11 billion in India's first fab in Dholera, Gujarat, and $3 billion in an OSAT facility in Jagiroad, Assam. The alliance aims to manufacture ADI products in these facilities, collaborate on electronics components for Tata Motors' energy storage and power electronics, and explore opportunities in Tejas Networks' network infrastructure.
Analog Devices (Nasdaq: ADI) has announced that its Executive Vice President & Chief Financial Officer, Richard Puccio, will participate in the J.P. Morgan 15th Annual U.S. All Stars Conference in London, England. The event is scheduled for Tuesday, September 17, 2024, at 10:00 a.m. BST.
Puccio will discuss business topics and trends relevant to Analog Devices. Investors and interested parties can access the live webcast through the Investor Relations section of the company's website at investor.analog.com. An archived replay of the webcast will be available for at least 30 days following the conference.
Analog Devices (Nasdaq: ADI) has announced that Vivek Jain, Executive VP of Global Operations and Technology, will participate in Citi's 2024 Global Technology Conference. The event is scheduled for September 04, 2024, at 1:20 p.m. EST at the Lotte New York Palace Hotel in New York City.
Jain will discuss business topics and trends relevant to Analog Devices. Interested parties can access the live webcast through the Investor Relations section of ADI's website at investor.analog.com. An archived replay of the webcast will be available for at least 30 days following the conference.
Analog Devices (ADI) reported its fiscal third quarter 2024 financial results, with revenue of $2.31 billion, above the midpoint of their outlook. The company saw sequential growth in Industrial, Consumer, and Communications sectors. ADI generated $4.0 billion in operating cash flow and $2.9 billion in free cash flow on a trailing twelve-month basis. They returned $574 million to shareholders through dividends and repurchases in Q3.
Despite a 25% year-over-year revenue decline, ADI's CEO Vincent Roche expressed confidence in the company's position to capitalize on secular trends. CFO Richard Puccio noted improved customer inventory levels and order momentum, signaling a potential recovery. For Q4 FY2024, ADI forecasts revenue of $2.40 billion ±$100 million, with adjusted EPS expected at $1.63 ±$0.10.
Analog Devices, Inc. (Nasdaq: ADI) has announced it will release its third quarter fiscal year 2024 financial results on Wednesday, August 21, 2024 at 7:00 a.m. Eastern time. Following the press release, the company will host a conference call at 10:00 a.m. Eastern time on the same day. Vincent Roche (CEO and Chair), Richard Puccio (Executive VP and CFO), and Michael Lucarelli (VP of Investor Relations and FP&A) will discuss ADI's results and business outlook.
Interested parties can listen to the live conference call on ADI's Investor Relations website at investor.analog.com. To participate in the live call, pre-registration is required at the provided link. Both the press release and archived webcast will be available after the call on the company's investor relations website.
Analog Devices (Nasdaq: ADI) has announced that its Executive Vice President & Chief Financial Officer, Richard Puccio, will present at the Bernstein 40th Annual Strategic Decisions Conference. This event will be held at the New York Hilton Midtown Hotel on May 29, 2024, at 10:00 a.m. EST. The presentation will cover various business topics and trends. Interested parties can access a live webcast of the event via the Investor Relations section of Analog Devices' website. An archived replay will also be available for at least 30 days post-event.
Analog Devices (ADI) reported fiscal Q2 2024 revenue of $2.16 billion, exceeding the midpoint of their outlook. Operating cash flow was $4.3 billion and free cash flow was $3.1 billion on a trailing twelve-month basis. The company returned over $675 million to shareholders through dividends and repurchases during the quarter.
Despite macroeconomic and inventory challenges, ADI achieved earnings per share (EPS) above their high-end outlook due to disciplined cost control. CEO Vincent Roche highlighted the stabilization of inventory rationalization and optimism for sequential growth in Q3 2024, along with new opportunities driven by the proliferation of the Intelligent Edge and AI investments.
However, compared to the same quarter last year, revenue dropped by 34%, gross margin fell by 1,100 basis points, and operating income decreased by 66%. Adjusted EPS also declined by 51%. The company forecasts Q3 2024 revenue at approximately $2.27 billion, with a reported EPS of $0.71 and adjusted EPS of $1.50.
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