Analog Devices, Inc. - ADI STOCK NEWS

Analog Devices (Nasdaq: ADI) has partnered with the University of Limerick and Stripe to launch the Immersive Software Engineering (ISE) program. This initiative responds to the growing global demand for software engineers by transforming computer science education. The program includes a practical curriculum where students will engage in industry residencies, gaining hands-on experience. The first cohort is expected to enroll in September 2022. ADI's involvement emphasizes its commitment to advancing software solutions that address real-world challenges.

Analog Devices, Inc. (Nasdaq: ADI) and Volvo Cars announced that the electric SUV, Volvo XC40 Recharge, will use ADI’s ICs for its battery management system and Automotive Audio Bus (A2B). These technologies enhance vehicle range while reducing weight, contributing to lower ownership costs. ADI’s ICs promise industry-leading accuracy and scalability across various vehicle types. The collaboration aims for sustainable vehicle performance and improved audio experiences. The electric vehicle market is expected to grow significantly, with projections of 10 million full electric vehicles by 2025.

Analog Devices, Inc. (Nasdaq: ADI) has appointed Anelise Sacks as Senior Vice President and Chief Customer Officer, effective immediately. Sacks brings extensive experience in engineering and semiconductor sales, previously serving at Texas Instruments for over 15 years. She will oversee ADI’s sales, digital marketing, and analytics teams to enhance customer experience and expand market strategies. Martin Cotter, previously in the sales role, will now lead the Industrial, Consumer and Multi-Markets Business Group.

Analog Devices (Nasdaq: ADI) reported strong first-quarter fiscal 2021 results, achieving a 20% revenue increase year-over-year to $1.558 billion. The company noted growth across all market segments, with a record quarter in its Industrial business. Operating income rose 70% to $464 million, and diluted EPS increased 89% to $1.04. For Q2 FY2021, ADI forecasts revenue between $1.55 billion and $1.65 billion with an expected operating margin of approximately 30.6%.

Analog Devices (ADI) announced an 11% increase in its quarterly dividend, raising it from $0.62 to $0.69 per share, effective March 9, 2021. This marks the 18th increase in 17 years and a total of $7 billion returned to shareholders over 69 consecutive quarters. President and CEO Vincent Roche highlighted ADI's top 10% cash generation within the S&P 500 and expressed confidence in the company's growth due to its diverse business and alignment with significant market trends.

Analog Devices, Inc. (Nasdaq: ADI) will release its financial results for the first quarter of fiscal year 2021 on February 17, 2021, at 8 a.m. Eastern time. A conference call will follow at 10:00 a.m. the same day, featuring key executives including President Vincent Roche and CFO Prashanth Mahendra-Rajah. Investors can access the live call via the Analog Devices Investor Relations website. A replay will be available for two weeks post-call. For more information, visit www.analog.com.

Analog Devices (Nasdaq: ADI) announces that CFO Prashanth Mahendra-Rajah will present at the Goldman Sachs Technology & Internet Conference and J.P. Morgan’s 19th Annual Tech/Auto Forum on January 12, 2021, at 9:40 a.m. and 1:30 p.m. Eastern Time, respectively. Investors can access live webcasts via the Investor Relations section of the company’s website. Archived replays will be available shortly after the events. Analog Devices is recognized for its high-performance analog technology that helps customers solve complex engineering challenges.

Analog Devices (Nasdaq: ADI) announced that Chief Financial Officer Prashanth Mahendra-Rajah will speak at the Barclays Global Technology, Media and Telecommunications Conference on December 10, 2020, at 12:00 p.m. Eastern time. Investors can access the live webcast through the Investor Relations section of Analog Devices’ website. An archived replay will also be available shortly after the event. As a leading high-performance analog technology company, Analog Devices focuses on addressing complex engineering challenges.

Analog Devices, Inc. (Nasdaq: ADI) announced that Michael Lucarelli, Head of Investor Relations, will present at the Raymond James Virtual Technology Investor Conference on December 9, 2020, at 12:30 p.m. Eastern Time. Investors can access the live webcast via the Investor Relations section of the company's website at investor.analog.com. An archived replay will be available shortly after the live event. Analog Devices is known for its high-performance analog technology, addressing critical engineering challenges.