Investing.com — Analog Devices, Inc. saw its stock surge 4.8% after reporting fourth-quarter earnings that exceeded analyst expectations and providing an optimistic outlook for the upcoming quarter.
The semiconductor company posted adjusted earnings per share of $1.67, surpassing the analyst consensus of $1.64. Revenue for the quarter reached $2.44 billion, topping estimates of $2.4 billion and falling within the company's guidance range. Compared to the same quarter last year, revenue declined 10% YoY.
For the first quarter of fiscal 2025, Analog Devices (NASDAQ:ADI) forecasts revenue between $2.25 billion and $2.45 billion, with the midpoint of $2.35 billion slightly above the analyst consensus of $2.34 billion. The company expects adjusted EPS in the range of $1.53, plus or minus $0.10, compared to analyst estimates of $1.57.
CEO Vincent Roche commented on the results, stating, "ADI's revenue, profitability, and earnings per share all finished above our guided midpoint, underscoring continued business momentum and solid execution."
Despite facing "unprecedented customer inventory headwinds" that led to a 23% YoY revenue decline for the full fiscal year 2024, Analog Devices maintained operating margins above 40%. The company reported full-year revenue of $9.43 billion and adjusted EPS of $6.38.
CFO Richard Puccio noted that orders picked up steadily throughout the fourth quarter, particularly in the Automotive end market. He expressed cautious optimism for strong growth in fiscal 2025, despite ongoing macroeconomic uncertainty.
Analog Devices also declared a quarterly cash dividend of $0.92 per share, payable on December 20, 2024, to shareholders of record as of December 9, 2024.
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