Loading...
•
May 04, 2024
Analog Devices Q2 2024 Earnings Report
ADI delivered second quarter revenue above the midpoint of our outlook, and achieved profitability and earnings per share above the high-end of our outlook.
Key Takeaways
Analog Devices reported Q2 2024 revenue of $2.16 billion, exceeding the midpoint of their outlook. The company's profitability and EPS were above the high-end of their outlook due to the strength and resiliency of their business model, coupled with disciplined cost control.
Revenue of $2.16 billion, above the midpoint of our outlook
Operating cash flow of $4.3 billion and free cash flow of $3.1 billion on a trailing twelve-month basis
Returned over $675 million to shareholders through dividends and repurchases in the second quarter
Inventory rationalization across our broad customer base is stabilizing, clearing a path for us to return to sequential growth in the third 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 2024, we are forecasting revenue of $2.27 billion, +/- $100 million. At the midpoint of this revenue outlook, we expect reported operating margin of approximately 20.1%, +/-200 bps, and adjusted operating margin of approximately 40.0%, +/-100 bps. We are planning for reported EPS to be $0.71, +/-$0.10, and adjusted EPS to be $1.50, +/-$0.10.
Revenue & Expenses
Visualization of income flow from segment revenue to net income