secwatch.observer — SEC 8-K summary
======================================

Issuer:     ANALOG DEVICES INC (ADI)
CIK:        0000006281
Form:       8-K
Filed at:   2023-11-21T23:59:59+00:00
Accession:  0000006281-23-000200
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6281/000000628123000200/0000006281-23-000200-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6281/000000628123000200/adi-20231121.htm
  HTML page:      https://secwatch.observer/filing/0000006281-23-000200

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer