Revenue and Income - Revenue for the three months ended February 1, 2025, was $2,423,174, a decrease of 4% compared to $2,512,704 for the same period in the prior fiscal year[56]. - Net income decreased by 15% to $391,316 for the three months ended February 1, 2025, down from $462,727 in the same period last year[73]. - Revenue from the Industrial end market decreased by 10% year-over-year, while Consumer revenue increased by 19%[59][60]. Margins and Expenses - Gross margin percentage increased to 59.0% for the three months ended February 1, 2025, compared to 58.7% for the same period in the prior year[64]. - Research and Development (R&D) expenses were $391,427, a decrease of 3% from $402,892 in the prior year, representing 17% of revenue[65]. - Special charges, net increased significantly by 296% to $63,887 for the three months ended February 1, 2025, compared to $16,140 in the same period last year[69]. - Nonoperating expense decreased to $55,737 for the three months ended February 1, 2025, compared to $72,546 in the same period last year[71]. - Diluted EPS decreased to $0.78 for the three months ended February 1, 2025, down from $0.93 in the same period last year, reflecting a 16% decline[73]. Cash Flow and Investments - Net cash provided by operating activities for the three months ended February 1, 2025, was $1,126.8 million, representing 47% of revenue, compared to $1,138.8 million and 45% of revenue for the same period in fiscal 2024[76]. - Cash used for investing activities decreased to $194.3 million for the three months ended February 1, 2025, down from $219.1 million in the same period of the prior fiscal year, primarily due to reduced capital expenditures[76][79]. - Capital expenditures for the first three months of fiscal 2025 were $149.0 million, with expectations for annual capital expenditures to be between 4% and 6% of fiscal 2025 revenue[91]. Balance Sheet and Liabilities - As of February 1, 2025, the company had $2.7 billion in cash, cash equivalents, and short-term investments, with approximately $1.4 billion held in the United States[74]. - Total debt obligations as of February 1, 2025, amounted to $7.67 billion, with various notes maturing between 2025 and 2054[85]. - Current liabilities decreased to $2,971.0 million as of February 1, 2025, compared to $2,988.3 million at the end of fiscal 2024[83]. Shareholder Returns and Stock Repurchase - The company declared a cash dividend of $0.99 per share, expected to total approximately $491.0 million, payable on March 17, 2025[92]. - The company has $1.5 billion remaining available for stock repurchases under its authorized program, with an additional $10.0 billion authorized on February 18, 2025[89][90]. Inventory and Receivables - Accounts receivable decreased by $143.9 million to $1,192.4 million, reflecting variations in the timing of collections and decreased revenue levels[81][82]. - Inventory increased by 2% to $1,474.7 million, driven by efforts to balance manufacturing production and demand[81][82]. Taxation - The effective income tax rate for the three months ended February 1, 2025, was 10.2%, slightly higher than 9.9% for the same period in the prior year[72]. - The percentage of total revenue from distributors decreased to 57% in the three months ended February 1, 2025, down from 61% in the prior year[62].

Revenue Performance - Revenue for the first quarter of fiscal 2025 was $2.423 billion, a decrease of 4% year-over-year from $2.513 billion[5] - Revenue for the three months ended February 1, 2025, was $2,423,174, a decrease of 4% compared to $2,512,704 for the same period in 2024[24] - Reported revenue for the three months ending May 3, 2025, was $2.5 billion, with an adjustment range of +/- $100 million[36] Profitability Metrics - Gross margin was $1.430 billion, with a gross margin percentage of 59.0%, up 30 basis points from 58.7% in the prior year[5] - Operating income decreased by 16% to $491 million, resulting in an operating margin of 20.3%, down 300 basis points year-over-year[5] - Net income decreased to $391,316, resulting in diluted earnings per share of $0.78, down from $0.93 in the previous year[24] - Operating margin reported at 24.2%, with an adjusted margin of 40.5%, including $406 million of acquisition-related expenses[36] Earnings Per Share - Diluted earnings per share (EPS) for the quarter was $0.78, a decline of 16% compared to $0.93 in the same quarter last year[5] - Adjusted diluted EPS for the second quarter is projected to be $1.68, with a margin of error of +/- $0.10[7] - Earnings per share reported at $0.97, with an adjusted EPS of $1.68, reflecting $0.71 from acquisition-related adjustments[36][37] Cash Flow and Dividends - Operating cash flow for the trailing twelve months was $3.8 billion, with free cash flow of $3.2 billion[4] - Free cash flow for the three months ended February 1, 2025, was $977,831, representing 40% of revenue[34] - The company raised its quarterly dividend by 8% to $0.99, marking the 21st consecutive year of increases[4] Shareholder Returns - The company increased its share repurchase authorization by $10 billion, bringing the total remaining authorization to approximately $11.5 billion[4] Sector Performance - Bookings showed gradual improvement, particularly in the Industrial and Automotive sectors, positioning the company for sequential and year-over-year growth[3] - The company reported a 10% decline in revenue from the industrial sector, which accounted for 44% of total revenue[31] - The automotive sector revenue decreased by 2%, maintaining a 30% share of total revenue[31] Expenses and Assets - Operating expenses totaled $938,990, which is 38.8% of revenue, up from 35.3% in the same period last year[33] - Cash and cash equivalents increased to $2,349,994 from $1,991,342 at the end of the previous quarter[28] - Total current assets rose to $5,733,076, compared to $5,484,654 in the prior quarter[26] - The company made payments for acquisitions totaling $45,652 during the quarter[28] Tax and Nonoperating Expenses - Nonoperating expenses were approximately $60 million, consistent across reported and adjusted figures[36] - Tax rate maintained between 11% and 13%, including $53 million of tax effects from acquisition-related adjustments[37]

Revenue of more than $2.4 billion, with sequential growth in Industrial, Automotive, and Communications, and double-digit year-over-year growth in Consumer Operating cash flow of $3.8 billion and free cash flow of $3.2 billion on a trailing twelve-month basis Raised quarterly dividend 8% to $0.99, marking twenty-one consecutive years of increases Increased share repurchase authorization by $10.0 billion, bringing total remaining authorization to approximately $11.5 billionWILMINGTON, Mass., Feb. 19, 2025 / ...

WILMINGTON, Mass., Feb. 18, 2025 /PRNewswire/ -- Analog Devices, Inc. (NASDAQ: ADI), a global semiconductor leader, today announced that its Board of Directors voted to increase its quarterly dividend by 8% to $0.99 per outstanding share of common stock, marking twenty-one consecutive years of higher dividends. Additionally, the Board of Directors authorized the company to repurchase an additional $10.0 billion of its common stock, bringing the total remaining share repurchase authorization to approximately ...

Analog Devices, Inc. (ADI) is set to report first-quarter fiscal 2025 results on Feb. 19.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Analog Devices expects revenues of $2.35 billion (+/- $100 million). The Zacks Consensus Estimate is pegged at $2.36 billion, indicating a decline of 6.8% from the year-ago quarter’s figure.ADI anticipates adjusted earnings per share of $1.53 (+/- $0.10). The consensus mark for earnings is pinned at $1.54 per share, indicating an 11% fall from the ...

Wall Street analysts expect Analog Devices (ADI) to post quarterly earnings of $1.54 per share in its upcoming report, which indicates a year-over-year decline of 11%. Revenues are expected to be $2.36 billion, down 6.2% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company's earnings announcement, it is ...

Analog Devices (ADI) closed at $204.86 in the latest trading session, marking a -0.17% move from the prior day. This change lagged the S&P 500's 0.67% gain on the day. Elsewhere, the Dow gained 0.38%, while the tech-heavy Nasdaq added 0.98%.Coming into today, shares of the semiconductor maker had lost 3.37% in the past month. In that same time, the Computer and Technology sector lost 0.79%, while the S&P 500 gained 2.07%.Market participants will be closely following the financial results of Analog Devices i ...

Analog Devices (ADI) closed the latest trading day at $206.01, indicating a +0.38% change from the previous session's end. The stock lagged the S&P 500's daily gain of 0.72%. Elsewhere, the Dow saw an upswing of 0.3%, while the tech-heavy Nasdaq appreciated by 1.35%.Shares of the semiconductor maker witnessed a loss of 5.85% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 1.35% and the S&P 500's gain of 1.02%.Market participants will be closely follow ...

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Analog Devices (ADI), and highlights the potential misalignment of interests between brokerage analysts and retail investors [1][4]. Group 1: Brokerage Recommendations for Analog Devices - Analog Devices has an average brokerage recommendation (ABR) of 1.61, indicating a position between Strong Buy and Buy, based on recommendations from 28 brokerage firms [2]. - Out of the 28 recommendations, 19 are classified as Strong Buy, accounting for 67.9%, while only one is classified as Buy, representing 3.6% [2]. Group 2: Limitations of Brokerage Recommendations - The article suggests that relying solely on brokerage recommendations may not be advisable, as studies indicate these recommendations often do not effectively guide investors towards stocks with high price appreciation potential [4]. - Brokerage analysts tend to exhibit a positive bias in their ratings due to vested interests, leading to a disproportionate number of favorable ratings compared to negative ones [5][9]. Group 3: Zacks Rank as an Alternative - Zacks Rank is presented as a more reliable tool for stock evaluation, categorizing stocks from Strong Buy to Strong Sell based on earnings estimate revisions, which have shown a strong correlation with near-term stock price movements [7][10]. - The Zacks Rank is updated more frequently than the ABR, as it reflects real-time changes in earnings estimates, making it a timely indicator for predicting future stock prices [11]. Group 4: Current Outlook for Analog Devices - The Zacks Consensus Estimate for Analog Devices has decreased by 0.3% over the past month to $7.09, indicating growing pessimism among analysts regarding the company's earnings prospects [12]. - This decline in earnings estimates has resulted in a Zacks Rank of 4 (Sell) for Analog Devices, suggesting caution despite the favorable ABR [13].

Core Viewpoint - Analog Devices (ADI) has demonstrated strong performance in the semiconductor sector, with a 15.7% increase in shares over the past year, outperforming the industry average [1] Group 1: Company Performance and Strategy - ADI's resilience is highlighted by its advancements in integrating artificial intelligence (AI) technology into its products, enhancing customer experience and increasing design wins [2] - The company is well-positioned in growth markets, particularly in AI-related applications and data centers, which are expected to drive future performance [3] - The industrial segment has shown strong demand in AI applications and Aerospace & Defense, while the communications segment benefits from increased demand for AI-driven data centers [4] Group 2: Recent Developments - ADI's strategic acquisition of Flex Logix, a leader in embedded FPGA and AI technology, enhances its ability to provide innovative solutions in high-performance markets [5] - A partnership with Teradyne Robotics aims to develop advanced robotics, integrating ADI's technologies with edge-based AI and machine learning to improve manufacturing efficiency [6] Group 3: Financial Performance - ADI has consistently reported strong quarterly performance, surpassing earnings estimates in the last four quarters with an average surprise of 4.9% [7] - Analysts project ADI's earnings for 2025 to be $7.09 per share, reflecting an 11.1% year-over-year growth [7] Group 4: Challenges and Competition - ADI faces challenges from post-pandemic inventory corrections, macroeconomic uncertainties, and a cyclical downturn in the semiconductor industry [8] - Intense competition from companies like Texas Instruments and NXP Semiconductors in various segments, including industrial IoT and automotive applications, poses additional challenges [9][10]