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Analog Devices, Inc. - ADI STOCK NEWS

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.

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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.

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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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Analog Devices, Inc. (ADI) is set to report its second-quarter fiscal year 2024 financial results on May 22, 2024. The company will release the results at 7:00 a.m. Eastern time, followed by a conference call at 10:00 a.m. Eastern time on the same day. Key executives including CEO Vincent Roche and CFO Richard Puccio will discuss ADI's results and business outlook. Investors can listen to the conference call live on Analog Devices' Investor Relations website. Pre-registration is required to participate.
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Analog Devices, Inc. and BMW Group announced the early adoption of ADI's E²B™ technology in automotive Ethernet connectivity. BMW will implement the technology for ambient lighting systems, simplifying edge node design and software development. The collaboration aims to accelerate market entry for software-defined vehicles and improve in-cabin experience through innovative lighting solutions.
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Analog Devices, Inc. announces FDA clearance and launch of Sensinel™ Cardiopulmonary Management System, a compact wearable device for remote patient monitoring. The system aims to improve heart failure management, reduce healthcare costs, and open new market opportunities.
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ADI secures long-term chip supply through special arrangement with TSMC's JASM subsidiary, focusing on fine-pitch technology nodes for critical platforms like wBMS and GMSL applications.
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Analog Devices, Inc. (ADI) reported revenue of over $2.5 billion for the first quarter of fiscal 2024, with strong cash flow and returns to shareholders. Despite challenges, the company remains optimistic about future growth opportunities in the Intelligent Edge era.
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Analog Devices, Inc. (ADI) announces a 7% increase in its quarterly dividend, from $0.86 to $0.92 per share, marking the 20th consecutive year of dividend growth. This move reflects ADI's strong financial performance, with 27 years of positive free cash flow generation. The company's capital return strategy aims to return 100% of free cash flow to shareholders, totaling over $15 billion in the last 5 years. ADI has a solid track record of dividend payments, having returned more than $11 billion to shareholders over 80 consecutive quarters.
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Analog Devices, Inc. (ADI) will release financial results for the first quarter fiscal year 2024 on February 21, 2024. The company will host a conference call at 10:00 a.m. Eastern time the same day, where CEO Vincent Roche and VP Michael Lucarelli will discuss ADI’s results and business outlook. The conference call can be listened to live on the internet on Analog Devices’ Investor Relations website at investor.analog.com.
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Analog Devices, Inc. (ADI) announced Richard C. Puccio, Jr. as the new Executive Vice President and Chief Financial Officer. Puccio brings over three decades of experience from Amazon Web Services and PricewaterhouseCoopers. ADI's CEO, Vincent Roche, expressed confidence in Puccio's ability to accelerate the company's operations and drive shareholder value.
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FAQ

What does Analog Devices, Inc. specialize in?

Analog Devices, Inc. specializes in data conversion, signal processing, and power management technology.

Where is Analog Devices, Inc. headquartered?

Analog Devices, Inc. is headquartered in Wilmington, Massachusetts.

What were Analog Devices' recent financial highlights?

In fiscal 2023, Analog Devices recorded revenue of $12.3 billion, an operating cash flow of $4.8 billion, and a free cash flow of $3.6 billion.

What are some of the key markets for Analog Devices?

Key markets for Analog Devices include industrial, automotive, and wireless infrastructure equipment.

Can you tell me about ADI’s Sensinel CPM System?

The Sensinel CPM System is a compact wearable device for remote management of cardiopulmonary health, recently receiving FDA 510(k) clearance.

What strategic partnerships has ADI recently announced?

ADI has announced partnerships with Honeywell and BMW for advanced connectivity technologies and building management systems.

How does ADI ensure resilient manufacturing capabilities?

ADI ensures resilient manufacturing through its hybrid manufacturing network and strategic collaborations with TSMC and JASM.

What is ADI’s approach to shareholder value?

ADI focuses on returning value to shareholders through share repurchases and dividends, supported by robust free cash flow generation.

How does ADI support sustainability and innovation?

ADI is dedicated to driving advancements in digitized factories, mobility, digital healthcare, and combating climate change through its innovative solutions.

What are ADI's future growth prospects?

ADI is well-positioned to capitalize on growth opportunities in the Intelligent Edge era, with investments in AI and customer-centric innovations.

Analog Devices, Inc.

Nasdaq:ADI

ADI Rankings

ADI Stock Data

119.11B
495.91M
0.25%
92.02%
1.78%
Semiconductor and Related Device Manufacturing
Manufacturing
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United States of America
WILMINGTON