Analog Devices Q4 2024 Earnings Report
Key Takeaways
Analog Devices reported Q4 revenue above the midpoint of guidance with sequential growth across all end markets. While fiscal 2024 saw a revenue decline, operating margins remained above 40%. Orders picked up steadily throughout the fourth quarter, particularly in the Automotive end market.
Fourth quarter revenue of more than $2.4 billion, above the midpoint of guidance with sequential growth across all end markets
Fiscal 2024 revenue of more than $9.4 billion
Fiscal 2024 operating cash flow of $3.9 billion and free cash flow of $3.1 billion
Returned more than $2.4 billion to shareholders in fiscal 2024, including $0.6 billion of share repurchases and $1.8 billion of dividends
Analog Devices
Analog Devices
Analog Devices Revenue by Segment
Forward Guidance
For the first quarter of fiscal 2025, the company is forecasting revenue of $2.35 billion, +/- $100 million. They expect reported EPS to be $0.80, +/- $0.10, and adjusted EPS to be $1.53, +/- $0.10.
Positive Outlook
- Revenue of $2.35 billion, +/- $100 million.
- Reported operating margin of approximately 22.0%, +/- 130 bps
- Adjusted operating margin of approximately 40.0%, +/- 100 bps
- Reported EPS to be $0.80, +/- $0.10
- Adjusted EPS to be $1.53, +/- $0.10
Revenue & Expenses
Visualization of income flow from segment revenue to net income