Analog Devices Q4 2020 Earnings Report
Key Takeaways
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.
Analog Devices
Analog Devices
Analog Devices Revenue by Segment
Forward Guidance
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income