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Aug 01, 2020
Analog Devices Q3 2020 Earnings Report
Analog Devices reported Q3 2020 earnings with revenue and EPS above the midpoint of guidance.
Key Takeaways
Analog Devices' Q3 2020 revenue was $1.46 billion, an 11% sequential increase led by growth in the communications and industrial markets. The company announced an agreement to acquire Maxim Integrated Products Inc.
Revenue of $1.46 billion increased 11% sequentially.
Growth was led by the communications and industrial markets.
Operating cash flow was $2.0 billion and free cash flow was $1.8 billion on a trailing twelve months basis.
Agreement to acquire Maxim Integrated Products Inc. was announced, strengthening ADI’s analog semiconductor leadership.
Revenue by Segment
Forward Guidance
For the fourth quarter of fiscal 2020, we are forecasting revenue of $1.44 billion, +/- $70 million. At the midpoint of this revenue outlook, we expect reported operating margins of approximately 31.0%, +/-140 bps, and adjusted operating margins of approximately 42.0%, +/-100 bps. We are planning for reported EPS to be $0.95, +/-$0.10, and adjusted EPS to be $1.32, +/-$0.10.
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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