Analog Devices Stock Price, News & Analysis

Analog Devices, Inc. (NASDAQ: ADI) announced that Prashanth Mahendra-Rajah, Executive Vice President and CFO, will speak at the 50th Annual J.P. Morgan Global Technology, Media, and Communications Conference. The event is scheduled for Monday, May 23, 2022, at 3:10 p.m. Eastern time in Boston, Massachusetts. Investors can access the live webcast through the Investor Relations section of Analog Devices’ website, with an archived replay available afterwards.

Analog Devices, Inc. (Nasdaq: ADI) reported Q2 2022 revenue of $2.97 billion, marking a 79% year-over-year increase. The company achieved a new high in diluted EPS at $1.49, up 31% from the prior year. Strong operational performance was underscored by an operating cash flow of $3.65 billion and a free cash flow of $3.20 billion, representing 33% of revenue. Looking ahead, ADI forecasts Q3 2022 revenue of $3.05 billion, indicating continued growth despite current supply chain challenges.

Analog Devices, Inc. (NASDAQ: ADI) will release its financial results for Q2 FY 2022 on May 18, 2022, at 7:00 a.m. Eastern time. A conference call will follow at 10:00 a.m. Eastern time, featuring CEO Vincent Roche and CFO Prashanth Mahendra-Rajah discussing results and business outlook. The call can be accessed live via investor.analog.com. A replay will be available for two weeks post-call. Analog Devices serves 125,000 customers globally with a broad product range across various sectors.

Analog Devices, Inc. (ADI) held its 2022 Investor Day, announcing a new financial model that targets a revenue growth rate of 7-10% CAGR and adjusted operating margins of 42-50%. The company highlighted its commitment to leveraging its high-performance analog technology to capitalize on trends in electrification, digitization, and automation. ADI expects to achieve $15 adjusted earnings per share and a free cash flow margin of 40%. Additionally, ADI updated its synergy targets from the acquisition of Maxim Integrated, expecting to capture $400 million in cost synergies by fiscal 2023.

Analog Devices, Inc. (NASDAQ: ADI) has achieved certification for its Wireless Battery Management System (wBMS) to the ISO/SAE 21434 standard, the highest automotive cybersecurity engineering benchmark. TÜV NORD confirmed ADI's wBMS as the first system to meet these standards, ensuring robust cybersecurity measures throughout vehicle lifecycle stages. This certification facilitates the transition to wireless battery solutions for electric vehicles, increasing scalability and promoting EV adoption, which is crucial for reducing emissions and attaining a sustainable future.

Analog Devices, Inc. (NASDAQ: ADI) has partnered with Gridspertise, a subsidiary of the Enel Group, to enhance smart grid resiliency and quality globally. This collaboration will develop innovative hardware and software solutions, enabling grid self-healing and efficient energy management as renewable resources are integrated. Building on a 15-year partnership, the project aims to boost grid reliability and operational efficiency, supporting a transition to clean energy without costly infrastructure overhauls and minimizing environmental impact.

Analog Devices, Inc. (Nasdaq: ADI) will host its Investor Day on April 5, 2022, at 8:30 a.m. ET from its Wilmington headquarters. The event will showcase the company's long-term vision and growth strategy, including opportunities in the current business environment.

Members of ADI leadership will present, followed by live Q&A sessions. Due to space limitations, in-person attendance is by invitation only, and advance registration is necessary. Interested parties can access the event live via the Investor Relations section of ADI's website, with an archived replay available after.

Analog Devices and EPC have introduced the EPC9160, a new reference design featuring the LTC7890 synchronous GaN buck controller, optimized for driving EPC's eGaN FETs. This innovative design supports switching frequencies up to 2 MHz, allowing for high power density and cost-effective DC-DC conversion. The EPC9160 handles input voltages from 9 V to 24 V, providing outputs of 3.3 V or 5 V at 15 A continuous current. With its compact dimensions of 23 mm x 22 mm, it is aimed at automotive, computing, industrial, consumer, and telecom applications, emphasizing efficiency with over 93% performance.

Analog Devices Inc. (Nasdaq: ADI) has appointed Gregory Bryant as Executive Vice President and President of Business Units, effective March 14. He will oversee Industrial, Automotive, Communications, Digital Healthcare, and Consumer units, aiming to enhance ADI's growth strategy. Gregory brings 30 years of semiconductor experience, previously serving as EVP at Intel. His leadership is expected to strengthen ADI's market position following its acquisition of Maxim Integrated. CEO Vincent Roche expressed confidence in Gregory's ability to scale operations and deliver integrated solutions to customers.