Analog Devices Inc
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Information Technology : Semiconductors & Semiconductor Equipment | Large Cap Blend
Company profile

Analog Devices, Inc. (Analog Devices) is a semiconductor company. The Company designs, manufactures and markets a portfolio of solutions, including integrated circuits (ICs), software and subsystems that leverage analog, mixed-signal and digital signal processing technologies. Its products include Converters, Amplifiers/Radio Frequency and Microwave, Power Management and Reference, and Digital Signal Processing and System Products (DSPs). The Company's ICs are designed to address a range of real-world signal processing applications. It sells ICs to more than 125,000 end customers worldwide. Its IC product portfolio includes both general-purpose products as well as application-specific products designed for specific target markets. The Company's analog technology portfolio is comprised of sensor and actuator products, including products based on microelectromechanical systems (MEMS) technology. The Company's DSPs are used for high-speed numeric calculations.

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-1.69 (-0.98%)
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Analog Devices tops earnings expectations

7:32 am ET May 19, 2021 (MarketWatch)

Analog Devices Inc. (ADI) topped earnings and revenue expectations for its latest quarter Wednesday morning. The company reported fiscal second-quarter net income of $423 million, or $1.14 a share, up from $268 million, or 72 cents a share, in the year-earlier period. On an adjusted basis, Analog Devices recorded earnings per share of $1.54, up from $1.08 a year prior and ahead of the FactSet consensus, which called for $1.45. Analog Devices saw revenue rise to $1.66 billion from $1.32 billion, while analysts tracked by FactSet were projecting $1.61 billion. "The economic recovery has materialized faster and stronger than initially anticipated, increasing pressure across supply chains globally," Chief Executive Vincent Roche said in a release. "Our decision to strategically invest in additional capacity ahead of this demand inflection has enabled us to move with speed and agility to better serve our customers." For the fiscal third quarter, Analog Device expects revenue of $1.7 billion at the midpoint of its outlook and adjusted EPS of $1.61 at the midpoint. Analysts tracked by FactSet were projecting $1.65 billion in revenue and $1.54 in adjusted EPS. Shares have declined 10.9% over the past three months as the S&P 500 has increased 5.5%.

-Emily Bary; 415-439-6400;


(END) Dow Jones Newswires

May 19, 2021 07:32 ET (11:32 GMT)

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