Analog Devices reported Q4 2020 results above the high-end of its outlook, with revenue of $1.53 billion. The company saw revenue growth across all B2B markets, expanded operating margins, and increased EPS by double-digits year-over-year. The pending acquisition of Maxim Integrated is expected to increase scale and scope for disruptive innovation and profitable growth.
Revenue of $1.53 billion for the fourth quarter and $5.60 billion for fiscal 2020.
B2B revenue for the fourth quarter increased 4% sequentially and 10% year-over-year.
Operating cash flow of $2.0 billion and free cash flow of $1.8 billion for fiscal 2020.
Returned over $1.1 billion to shareholders in fiscal 2020 and recently reinstated the buyback program.
For the first quarter of fiscal 2021, the company is forecasting revenue of $1.50 billion, +/- $70 million. At the midpoint of this revenue outlook, reported operating margin is expected to be approximately 29.1%, +/- 150 bps, and adjusted operating margin of approximately 40.0%, +/- 100 bps. Reported EPS is planned to be $0.92, +/- $0.10, and adjusted EPS to be $1.30, +/- $0.10.
Visualization of income flow from segment revenue to net income