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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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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