secwatch.observer — SEC 8-K summary
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Issuer:     ANALOG DEVICES INC (ADI)
CIK:        0000006281
Form:       8-K
Filed at:   2024-05-22T23:59:59+00:00
Accession:  0000006281-24-000130
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Analog Devices Q2 revenue $2.16B, -34% YoY; EPS $0.61, -68% YoY; sees sequential growth in Q3
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- Revenue $2.159B, down 34% YoY; GAAP diluted EPS $0.61, down 68% YoY.
- Adjusted gross margin 66.7%, down 700 bps YoY; adjusted operating margin 39.0%.
- Operating cash flow $808M in Q2; free cash flow $620M; trailing 12-month free cash flow $3.1B.
- Returned $675M to shareholders via dividends ($456M) and buybacks ($222M) in Q2.
- CEO cites inventory stabilization, improving orders, and expects return to sequential growth in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6281/000000628124000130/0000006281-24-000130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6281/000000628124000130/adi-20240522.htm
  HTML page:      https://secwatch.observer/filing/0000006281-24-000130

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