{"schema_version":"secwatch.filing_event.v1","accession":"0000006281-23-000177","form_type":"8-K","ticker":"ADI","cik":"0000006281","company_name":"ANALOG DEVICES INC","filed_at":"2023-08-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.405096+00:00","generated_at":"2026-06-11T05:06:31.860837+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"ADI Q3 revenue $3.08B (-1% YoY); guides Q4 revenue $2.7B midpoint, inventory headwind continues","bullets":["Revenue $3.076B, down 1% YoY; GAAP EPS $1.74 (+21% YoY), adjusted EPS $2.49 (-1% YoY).","Q3 adjusted operating margin 47.8% vs 50.1% a year ago; gross margin 63.8% (down 190 bps).","Customer inventory adjustments accelerated due to deteriorating economic conditions (CEO comment).","Q4 guidance: revenue $2.7B midpoint, adjusted EPS $2.00, adjusted operating margin ~44.0%.","Free cash flow $818M in Q3, trailing 12 mo $3.69B; returned $1.12B to shareholders in Q3."],"urls":{"canonical":"https://secwatch.observer/filing/0000006281-23-000177","json":"https://secwatch.observer/filing/0000006281-23-000177.json","markdown":"https://secwatch.observer/filing/0000006281-23-000177.md","text":"https://secwatch.observer/filing/0000006281-23-000177.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/6281/000000628123000177/0000006281-23-000177-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/6281/000000628123000177/adi-20230823.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T05:06:31.860837+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7dfd22eaf68285566f68a41ca6f273d9d5c654dd","claim":"ANALOG DEVICES INC reported fiscal third quarter ended July 29, 2023 results: revenue $3.08 billion, EPS $1.74.","evidence_excerpt":"Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. --- EX-99.1 (EX-99.1) --- Analog Devices Reports Third Quarter Fiscal 2023 Financial Results • Revenue of $3.08 billion with continued year-over-year growth in Industrial & Automotive • Operating cash flow of $4.8 billion and free cash flow of $3.7 billion on a trailing twelve-month basis •","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/6281/000000628123000177/0000006281-23-000177-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal third quarter ended July 29, 2023"},{"label":"Revenue","value":"$3.08 billion"},{"label":"EPS","value":"$1.74"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e8b54995129882ce73b06d27613bbc57a0ad608b","claim":"ANALOG DEVICES INC reported fourth quarter of fiscal 2023 results: revenue $2.70 billion, +/- $100 million, EPS $1.19, +/-$0.10. Guidance initiated.","evidence_excerpt":"For the fourth quarter of fiscal 2023, we are forecasting revenue of $2.70 billion, +/- $100 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/6281/000000628123000177/0000006281-23-000177-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter of fiscal 2023"},{"label":"Revenue","value":"$2.70 billion, +/- $100 million"},{"label":"EPS","value":"$1.19, +/-$0.10"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}