Analog Devices Stock Price, News & Analysis

Analog Devices, Inc. (Nasdaq: ADI) has announced that Chief Financial Officer Prashanth Mahendra-Rajah will present at J.P. Morgan’s 49th Annual Global Technology, Media and Communications Conference. The event is scheduled for May 26, 2021, at 9:40 a.m. Eastern time. Investors can access the live webcast through the Investor Relations section of the Analog Devices website, with an archived replay available for thirty days post-event.

Analog Devices focuses on high-performance semiconductors, bridging physical and digital technologies.

Analog Devices, Inc. (ADI) reported a record revenue of $1.661 billion for Q2 FY2021, marking a 26% increase year-over-year. Gross and operating margins expanded, resulting in a 43% growth in earnings per share (EPS), now at $1.14. Adjusted EPS rose to $1.54, reflecting solid operational execution and increased demand for semiconductors. Looking ahead, ADI forecasts Q3 revenue between $1.7 billion and $1.77 billion, with an expected operating margin of approximately 32.9%.

Analog Devices, Inc. (Nasdaq: ADI) will release its financial results for the second quarter of fiscal year 2021 on May 19, 2021, at 7 a.m. ET. A conference call will follow at 10 a.m. ET, featuring insights from CEO Vincent Roche, CFO Prashanth Mahendra-Rajah, and Senior Director of Investor Relations Michael Lucarelli. Investors can access the call via the company's Investor Relations website or by phone. A replay will be available shortly after the call, lasting up to two weeks.

Analog Devices, Inc. (Nasdaq: ADI) has pledged $3 million over three years to launch the Ocean and Climate Innovation Accelerator (OCIA) consortium in collaboration with Woods Hole Oceanographic Institution (WHOI). This initiative aims to enhance understanding of the ocean's critical role in combating climate change and develop new solutions at the intersection of ocean health and climate. The OCIA will feature a scalable partnership approach, focusing on real-time monitoring of ocean conditions, and will introduce funding opportunities like the Climate Challenge Grant Program for innovative projects.

Analog Devices, Inc (Nasdaq: ADI) announced significant climate commitments, aiming for carbon neutrality by 2030 and net zero emissions by 2050. The company signed the United Nations’ Business Ambition for 1.5°C pledge and committed to setting science-based targets through the Science Based Targets initiative (SBTi). Key measures include a transition to 100% renewable energy by 2025 and addressing Scope 3 emissions by 2030. ADI prioritizes sustainable technology development and will report progress transparently through its annual sustainability updates.

Analog Devices (Nasdaq: ADI) has announced a collaboration with MDA to develop a beam forming integrated circuit (BFIC) for MDA’s phased array antenna, which will support the Telesat Lightspeed low earth orbit satellite constellation. This constellation, featuring 298 next-generation satellites, aims to enhance global broadband connectivity for various markets. The BFIC solution is designed for high reliability in extreme conditions and enables rapid repositioning of communication beams, ensuring uninterrupted connectivity throughout the satellites' lifespan.

Analog Devices (Nasdaq: ADI) has introduced an ASIC-based radio platform designed for O-RAN compliant 5G radio units. This innovation aims to accelerate time to market while catering to the growing demands of 5G networks. The platform incorporates a baseband ASIC, software-defined transceivers, and advanced signal processing, addressing critical challenges like power consumption and cost. The initiative enhances system performance for macro and small cell solutions and facilitates the integration of various wireless vendors within the O-RAN ecosystem.

Analog Devices, Inc. (Nasdaq: ADI) announced that its Chief Financial Officer, Prashanth Mahendra-Rajah, will present at the Raymond James Institutional Investors Conference on March 2, 2021, at 2:10 p.m. Eastern time. The live webcast can be accessed through the Investor Relations section of Analog Devices’ website at investor.analog.com, with an archived replay available shortly after the event.