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. (ADI) is a leading global semiconductor company specializing in high-performance analog, mixed-signal, and digital signal processing technologies. This page serves as the definitive source for ADI-related news, providing investors and industry professionals with timely updates on corporate developments and technological advancements.
Access official press releases, earnings reports, and analysis of ADI's innovations in data conversion, power management, and Intelligent Edge solutions. Our curated collection covers strategic partnerships, product launches, and market expansions critical to understanding ADI's position in industrial, automotive, and communications sectors.
Key content includes updates on ADI's converter chip developments, embedded security architectures like ADI Assure™, and software tools such as CodeFusion Studio™. Track the company's progress in enabling next-generation technologies through its analog-digital integration expertise.
Bookmark this page for streamlined access to ADI's financial disclosures, leadership announcements, and R&D milestones. Check regularly for verified updates that matter to semiconductor industry stakeholders and technology investors.
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.
FAQ
What is the current stock price of Analog Devices (ADI)?
What is the market cap of Analog Devices (ADI)?
