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Analog Devices
🇺🇸 NASDAQ:ADI
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•
May 01, 2021

Analog Devices Q2 2021 Earnings Report

Reported record quarterly results exceeding outlook, reflecting high product demand and disciplined execution.

Key Takeaways

Analog Devices reported record revenue of $1.66 billion for Q2 2021, a 26% increase year-over-year, driven by strong demand in the Industrial and Automotive markets. Earnings per share grew by 43%.

Revenue increased 26% year-over-year with record revenue in the Industrial and Automotive markets.

Gross and operating margins continued to expand, leading to earnings growth of 43%.

Operating cash flow was $2.4 billion and free cash flow was $2.2 billion on a trailing twelve months basis.

Returned over $440 million to shareholders through dividends and share repurchases in the quarter.

Total Revenue
$1.66B
Previous year: $1.32B
+26.1%
EPS
$1.54
Previous year: $1.08
+42.6%
Gross Margin
68.4%
Previous year: 64.3%
+6.4%
Operating Margin
31.3%
Previous year: 26.1%
+19.9%
Gross Profit
$1.14B
Previous year: $847M
+34.2%
Cash and Equivalents
$1.31B
Previous year: $785M
+66.3%
Free Cash Flow
$677M
Previous year: $369M
+83.6%
Total Assets
$21.6B
Previous year: $21.4B
+1.1%

Analog Devices

Analog Devices

Analog Devices Revenue by Segment

Forward Guidance

For the third quarter of fiscal 2021, the company is forecasting revenue of $1.7 billion, +/- $70 million. They expect reported EPS to be $1.23, +/-$0.11, and adjusted EPS to be $1.61, +/-$0.11.

Positive Outlook

  • Revenue of $1.7 billion, +/- $70 million
  • Reported operating margin of approximately 32.9%, +/-140 bps
  • Adjusted operating margin of approximately 42.5%, +/-100 bps
  • Reported EPS to be $1.23, +/-$0.11
  • Adjusted EPS to be $1.61, +/-$0.11

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Analog Devices