Analog Devices reported Q3 2024 financial results with revenue of $2.31 billion, above the midpoint of the outlook. Stronger profitability drove earnings per share near the high end of the outlook. The company returned $574 million to shareholders through dividends and repurchases.
Revenue of $2.31 billion, above the midpoint of the outlook.
Sequential growth in Industrial, Consumer, and Communications.
Operating cash flow of $4.0 billion and free cash flow of $2.9 billion on a trailing twelve-month basis.
Returned $574 million to shareholders through dividends and repurchases in the third quarter.
For the fourth quarter of fiscal 2024, the company is forecasting revenue of $2.40 billion, +/- $100 million. The company expects reported EPS to be $0.85, +/-$0.10, and adjusted EPS to be $1.63, +/-$0.10.
Visualization of income flow from segment revenue to net income