ADI reports record Q2 revenue $3.26B (+10% YoY); adj. EPS $2.83 (+18%); guides Q3 revenue ~$3.1B

ANALOG DEVICES INC

2023-Q2 EPS reported $3.80 revenue$6,512,560,000

Revenue $3.263B, +10% YoY; GAAP gross margin 65.7%, operating margin 34.6%, diluted EPS $1.92.
Adjusted gross margin 73.7%, adj. operating margin 51.2%, adj. diluted EPS $2.83 (up 18% YoY).
Operating cash flow $1.08B in Q2, $4.885B TTM; free cash flow $797M Q2, $3.955B TTM; returned $1.588B to shareholders in Q2.
Q3 FY2023 guidance: revenue $3.10B +/- $100M; adj. operating margin ~48.5%; adj. EPS $2.52 +/- $0.10.
CEO Roche cites 13th consecutive quarter of revenue growth; expects moderation in H2 due to economic uncertainty.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ANALOG DEVICES INC reported financial results for its second quarter fiscal year 2023, which ended April 29, 2023.

Period: its second quarter fiscal year 2023, which ended April 29, 2023
Result: reported results

Exact text from the filing

On May 24, 2023, Analog Devices, Inc. (the "Registrant") announced its financial results for its fiscal second quarter ended April 29, 2023. The full text of the press release issued by the Registrant concerning the foregoing results is furnished herewith as Exhibit 99.1.

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ANALOG DEVICES INC filing history →

Source: SEC EDGAR

accession 0000006281-23-000151

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