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Oct 30, 2021

Analog Devices Q4 2021 Earnings Report

ADI delivered record revenue and profits, marking a strong end to the fiscal year.

Key Takeaways

Analog Devices reported record fourth-quarter revenue of $2.34 billion, exceeding guidance, and fiscal 2021 revenue of $7.32 billion. The company's Industrial and Automotive markets reached all-time highs, and the Consumer business returned to solid growth.

Fourth quarter revenue of $2.34 billion, exceeded the midpoint of guidance.

Fiscal 2021 revenue of $7.32 billion was led by strength in the Industrial and Automotive markets

Completed the acquisition of Maxim Integrated, further strengthening ADI’s position as a high-performance semiconductor leader

ADI delivered another quarter of record revenue and profits, marking a strong end to the fiscal year.

Total Revenue
$2.34B
Previous year: $1.53B
+53.3%
EPS
$1.73
Previous year: $1.44
+20.1%
Gross Margin
47.9%
Previous year: 67%
-28.5%
Operating Margin
4.2%
Previous year: 30.2%
-86.1%
Gross Profit
$1.12B
Previous year: $1.02B
+9.7%
Cash and Equivalents
$1.98B
Previous year: $1.06B
+87.3%
Free Cash Flow
$810M
Previous year: $643M
+26.0%
Total Assets
$52.3B
Previous year: $21.5B
+143.7%

Analog Devices

Analog Devices

Analog Devices Revenue by Segment

Forward Guidance

For the first quarter of fiscal year 2022, we are forecasting revenue of $2.60 Billion , +/- $100 Million. At the midpoint of this revenue outlook, we expect reported operating margin of approximately 12.0%, +/- 200 bps, and adjusted operating margin of approximately 43.3%, +/- 70 bps. We are planning for reported EPS to be $0.43, +/- $0.10, and adjusted EPS to be $1.78, +/- $0.10.

Revenue & Expenses

Visualization of income flow from segment revenue to net income