- Analog Devices‘ adjusted EPS for the fourth quarter was $1.67, surpassing estimates of $1.64.
- Standard EPS came in at 96 cents.
- Total revenue reached $2.44 billion, exceeding expectations of $2.41 billion.
- Industrial revenue fell short at $1.07 billion, compared to the estimate of $1.15 billion.
- Communications revenue slightly exceeded estimates, achieving $275.6 million against a forecast of $272.3 million.
- Automotive revenue was strong at $717.0 million, significantly surpassing the expected $657.1 million.
- Consumer revenue also beat estimates, totaling $379.7 million compared to the anticipated $349.4 million.
- The adjusted gross margin was 67.9%, slightly below the estimate of 68.1%.
- Adjusted operating margin stood at 41.1%, marginally under the expected 41.4%.
- The company forecasts revenue for the first quarter of fiscal 2025 to be $2.35 billion, with a variance of plus or minus $100 million.
- Comments highlight that despite unprecedented inventory challenges in fiscal 2024, operating margins remained above 40%, showcasing business resilience.
- Analyst ratings for Analog Devices include 21 buy recommendations and 13 holds, with no sells.
Analog Devices on Smartkarma
On Smartkarma, Baptista Research provides insightful analyst coverage on Analog Devices, a company focused on high-performance solutions for various sectors. In their report, “Analog Devices Inc.: Expansion in High-Performance Solutions for Industrial Applications,” the analysts highlight the company’s strong performance in the third quarter of fiscal year 2024, where revenue exceeded $2.3 billion. Despite cyclical challenges, the industrial sector, Analog Devices‘ key market, showed resilience with a modest sequential revenue increase, indicating potential signs of recovery amidst market fluctuations.
Additionally, in another report titled “Analog Devices Inc.: Expansion in Automotive Market & AI Investments Reaping Solid Profits? – Major Drivers,” Baptista Research discusses Analog Devices‘ second quarter fiscal year 2024 earnings. With revenue hitting $2.16 billion and profitability surpassing expectations, the company sees positive improvements, especially in the industrial sector. However, economic and geopolitical uncertainties pose short-term risks, prompting the need for prudent cost and inventory management to navigate potential challenges ahead.
A look at Analog Devices Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analog Devices, Inc. has received a mix of Smart Scores across various factors, with higher rankings in Momentum compared to Value, Dividend, Growth, and Resilience. This suggests a positive outlook for the company in terms of its short-term performance and market sentiment. Despite average ratings in other areas, the strong Momentum score signals that Analog Devices may be experiencing favorable trends in stock price movement and investor interest.
Looking ahead, the company’s focus on designing and manufacturing integrated circuits for a wide range of applications bodes well for its long-term prospects. With a diversified product base serving industries such as communications, computer, automotive, and consumer electronics, Analog Devices is positioned to benefit from ongoing technological advancements and increasing demand for advanced signal processing solutions.
Summary of the company:
### Analog Devices, Inc. designs, manufactures, and markets integrated circuits used in analog and digital signal processing. The Company’s products are used in communications, computer, industrial, instrumentation, military/aerospace, automotive, and high-performance consumer electronics applications. Analog Devices sells its products worldwide. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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