---
schema_version: "secwatch.filing_event.v1"
accession: "0000006281-23-000200"
form_type: "8-K"
ticker: "ADI"
cik: "0000006281"
company_name: "ANALOG DEVICES INC"
filed_at: "2023-11-21T23:59:59+00:00"
generated_at: "2026-06-07T23:00:14.565475+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ADI Q4 revenue down 16% YoY to $2.7B; record FY revenue $12.3B; expects H1 inventory digestion

## Summary
- Q4 revenue $2.7B (-16% YoY); diluted EPS $1.00 (-45%); adjusted EPS $2.01 (-26%).
- FY2023 revenue $12.3B (record, +2% YoY); diluted EPS $6.55 (+25%); adjusted EPS $10.09 (+5%).
- Record revenue driven by Industrial & Automotive segments; Q4 Automotive double-digit growth.
- Operating cash flow $4.8B; free cash flow $3.6B; returned $4.6B to shareholders ($3B buybacks, $1.7B dividends).
- CEO expects customer inventory digestion to persist into first half of fiscal 2024.

## SEC filing metadata
- accession: 0000006281-23-000200
- form_type: 8-K
- ticker: ADI
- cik: 0000006281
- company_name: ANALOG DEVICES INC
- filed_at: 2023-11-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/6281/000000628123000200/0000006281-23-000200-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/6281/000000628123000200/adi-20231121.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000006281-23-000200
- JSON: https://secwatch.observer/filing/0000006281-23-000200.json
- Plain text: https://secwatch.observer/filing/0000006281-23-000200.txt

## Key facts
- Earnings Releases
  ANALOG DEVICES INC reported its fourth quarter and fiscal year ended October 28, 2023 results: revenue $ 2,716.
  - Period: its fourth quarter and fiscal year ended October 28, 2023
  - Revenue: $ 2,716
  - Result: reported results
  source text: (1) (in millions, except per-share amounts and percentages) Three Months Ended Twelve Months Ended Oct. 28, 2023 Oct. 29, 2022 Change Oct. 28, 2023 Oct. 29, 2022 Change Revenue $ 2,716 $ 3,248 (16) % $ 12,306 $ 12,014 2 % Gross margin $ 1,647 $ 2,143 (23) % $ 7,877 $ 7,532 5 % Gross margin percentage 60.6 % 66.0 % (540 bps) 64.0 % 62.7 % 130 bps Operating income
  evidence_url: https://www.sec.gov/Archives/edgar/data/6281/000000628123000200/0000006281-23-000200-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.