Analog Devices Q3 2024 Financial Highlights
Here is a concise financial update based on Analog Devices' (ADI) fiscal third-quarter 2024 results:
Revenue: $2.31 billion, with growth in Industrial, Consumer, and Communications sectors.
Gross Margin: $1.31 billion (56.7% margin), a decrease from $1.96 billion (63.8% margin) in the same period last year.
Operating Income: $491 million, with a 21.2% margin, down from $929 million and 30.2% last year.
Earnings: Diluted earnings per share of $0.79, a 55% decrease year-over-year.
Free Cash Flow: $701 million, maintaining a 30% revenue ratio.
Shareholder Returns: $574 million returned through dividends and stock repurchases.
Outlook: Forecasts Q4 2024 revenue of $2.4 billion, with an expected operating margin of 22.3%, and adjusted EPS of $1.63.
These figures show a challenging quarter for ADI, with declines in revenue and profitability but a stable cash flow and commitment to returning capital to shareholders.
Warm reminder: The above information is for reference only and not as market entry advice; investment is risky and caution is required when entering the market.