earnings
confidence high
sentiment positive
materiality 0.70
ADI Q3 revenue $2.31B above midpoint, EPS $0.79; expects sequential Q4 growth
ANALOG DEVICES INC
2024-Q3 EPS reported
$2.32
revenue$6,983,952,000
- Revenue $2.31B, down 25% YoY, but above guided midpoint with sequential growth in Industrial, Consumer, Communications.
- GAAP diluted EPS $0.79 (down 55% YoY); adjusted EPS $1.58 (down 37% YoY).
- Operating cash flow $855M in Q3, $4.0B TTM; free cash flow $701M in Q3, $2.9B TTM.
- Returned $574M to shareholders: $456M dividends, $118M share repurchases in Q3.
- CEO cites improved customer inventory and order momentum, expects Q4 sequential revenue growth.