Analog Devices announced record third quarter fiscal 2022 results, achieving record revenue and adjusted earnings per share. Demand continues to outpace supply, resulting in higher backlog.
Revenue of $3.1 billion with double digit year-over-year growth across all end markets
Record Industrial, Automotive and Communications revenue
Increased share repurchases to $906 million and paid $394 million in dividends, returning a total of $1.3 billion to shareholders during the third quarter
Record operating cash flow of $4.3 billion and free cash flow of $3.7 billion, or 34% of revenue, on a trailing twelve-month basis
For the fourth quarter of fiscal 2022, Analog Devices is forecasting revenue of $3.15 billion, +/- $100 million. They expect reported EPS to be $1.69, +/-$0.10, and adjusted EPS to be $2.57, +/-$0.10.
Visualization of income flow from segment revenue to net income