Analog Devices reported record revenue of $1.76 billion, a 21% year-over-year increase, and record earnings for the third quarter of fiscal 2021. All end markets grew sequentially, with Industrial and Automotive segments achieving record revenue. The company returned over $400 million to shareholders through dividends and share repurchases.
Revenue reached a new all-time high of $1.76 billion, reflecting a 21% year-over-year growth.
Record revenue was achieved in both the Industrial and Automotive segments.
Operating cash flow was $2.5 billion and free cash flow was $2.2 billion, representing 34% of revenue on a trailing twelve months basis.
Over $400 million was returned to shareholders through dividends and share repurchases during the quarter.
For the fourth quarter of fiscal 2021, the company forecasts revenue of $1.78 billion, +/- $70 million. They expect reported EPS to be $1.33, +/-$0.11, and adjusted EPS to be $1.72, +/-$0.11.
Visualization of income flow from segment revenue to net income