ADI Q1 revenue $2.51B (-23% YoY), EPS $0.93 (-51%); dividend raised 7% to $0.92

ANALOG DEVICES INC

2024-Q1 EPS reported $0.93 revenue$2,512,704,000

Revenue $2,513M, down 23% YoY; GAAP diluted EPS $0.93, down 51%; adjusted EPS $1.73, down 37%.
Gross margin 58.7% (down 670 bps); adjusted gross margin 69.0% (down 460 bps).
Operating cash flow $1,139M in Q1; free cash flow $916M; trailing 12-month free cash flow $3,242M.
Quarterly dividend increased 7% to $0.92 per share, payable March 15 to record March 5, marking 20th consecutive annual increase.
Appointed Richard C. Puccio as EVP and Chief Financial Officer.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ANALOG DEVICES INC reported 14-week fiscal first quarter 2024 ended February 3, 2024 results: revenue $2,513, EPS $0.93.

Period: 14-week fiscal first quarter 2024 ended February 3, 2024
Revenue: $2,513
EPS: $0.93
Result: reported results

Exact text from the filing

14 Week First Quarter of Fiscal 2024 Results Summary (1) (in millions, except per-share amounts and percentages) Three Months Ended Feb. 3, 2024 Jan. 28, 2023 Change Revenue $ 2,513 $ 3,250 (23) % Gross margin $ 1,474 $ 2,124 (31) % Gross margin percentage 58.7 % 65.4 % (670 bps) Operating income $ 586 $ 1,131 (48) % Operating margin 23.3 % 34.8 % (1,150 bps)

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

ANALOG DEVICES INC filing history →

Source: SEC EDGAR

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