Richard

Better

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<p class="has-drop-cap">Analog Devices, Inc. (NASDAQ: ADI) reported <a href="https://investor.analog.com/news-releases/news-release-details/analog-devices-reports-fourth-quarter-and-fiscal-2024-financial" target="_blank" aria-label="robust financial results for the fourth quarter of fiscal year 2024 (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">robust financial results for the fourth quarter of fiscal year 2024</a>, demonstrating resilience in a challenging market environment. The company achieved a revenue of $2.443 billion, marking a sequential improvement and surpassing the midpoint of its guidance.</p>
<p>Despite a 10% year-over-year decline from $2.716 billion in the previous year, the company maintained a stable gross margin of 58.0%, reflecting its strong operational efficiency. The CEO, Vincent Roche, emphasized that the company’s ability to sustain operating margins above 40% during a period of significant customer inventory headwinds showcased the strength of ADI’s business model.</p>
<p>The company’s adjusted results further highlight its solid performance. Adjusted gross margin stood at 67.9%, while adjusted operating income reached $1.005 billion, resulting in an adjusted operating margin of 41.1%. Although these figures represent a decrease from the previous year’s adjusted gross margin of 70.2% and adjusted operating margin of 44.7%, they underline ADI’s capacity to navigate through market uncertainties. <a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="noopener noreferrer nofollow" class="deco-link">Diluted earnings per share (EPS)</a> for the quarter were $0.96, with adjusted EPS at $1.67, both reflecting a year-over-year decline of 4% and 17%, respectively.</p>
<h3 id="analog-devices-outperform-expectations-in-fourth-quarter-fy-2024">Analog Devices Outperform Expectations in Fourth Quarter FY’2024</h3>
<p>Analog Devices’ fourth-quarter results outperformed market expectations, which had projected an EPS of $1.64 and revenue of $2.4 billion. The reported revenue of $2.443 billion exceeded these expectations, and the adjusted EPS of $1.67 also surpassed the anticipated $1.64, highlighting the company’s effective management and strategic initiatives. <br><br>This performance is particularly noteworthy given the 10% year-over-year revenue decline, showcasing ADI’s ability to mitigate the impact of broader economic challenges.</p>
<p>The company’s strategic focus on the automotive end market played a pivotal role in its fourth-quarter success. Orders in this sector surged, offsetting declines in other markets such as industrial and communications. The automotive segment contributed significantly to the sequential growth, despite a slight 2% year-over-year revenue decrease.</p>
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<h3 id="analog-devices-expects-revenue-of-2-35b-100m-for-q1-fy-25">Analog Devices Expects Revenue of $2.35B +/- $100M for Q1 FY’25</h3>
<p>Analog Devices has provided guidance for the first quarter of fiscal year 2025, forecasting revenue of $2.35 billion, plus or minus $100 million. The company anticipates a reported operating margin of approximately 22.0%, with an adjusted operating margin of around 40.0%. The projected EPS is expected to be $0.80, with adjusted EPS forecasted at $1.53.</p>
<p>The company’s strategic investments in engineering, manufacturing, and customer experience are expected to bolster its performance in fiscal year 2025. CFO Richard Puccio expressed cautious optimism for a strong growth year, emphasizing the company’s commitment to navigating macroeconomic uncertainties and capitalizing on emerging opportunities. <br><br>ADI’s strategic focus on long-term investments and its strong cash flow position, with an operating cash flow of $3.9 billion and free cash flow of $3.1 billion for fiscal 2024, provide a solid foundation for future growth.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/analog-devices-inc-reports-better-than-expected-results-for-q4/">Analog Devices, Inc. Reports Better than Expected Results for Q4</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Analog Devices, Inc. Reports Better than Expected Results for Q4

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