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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.
Analog Devices
Analog Devices
Analog Devices Revenue by Segment
Revenue by Segment
Industrial Revenue
CapyFin.comAutomotive Revenue
CapyFin.comConsumer Revenue
CapyFin.comCommunications Revenue
CapyFin.com 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