Analog Devices - ADI STOCK NEWS

Analog Devices, Inc. (ADI) has appointed Alan Lee as the new Chief Technology Officer (CTO). In this role, he will focus on advancing next-generation technologies in the semiconductor industry.

Alan brings extensive experience from his previous role at AMD, where he led innovative projects in hardware, software, and artificial intelligence. He will collaborate with customers, universities, and research organizations to develop ecosystems for new technologies.

CEO Vincent Roche highlighted Alan's expertise as key to ADI's leadership in the Intelligent Edge. Alan replaces former CTO Dan Leibholz, who transitions to Senior Vice President of the Digital Business Unit.

Analog Devices (ADI) has partnered with Envision Energy to integrate MEMS sensor technology into the next generation of smart wind turbines. This collaboration aims to enhance safety through real-time monitoring of critical parameters like vibration and tilt, addressing challenges posed by larger turbine components in the growing wind power sector. By employing advanced MEMS sensors, the initiative seeks to promote predictive maintenance and improve operational reliability. As of the end of 2022, China has seen rapid growth in wind power, with a total installed capacity reaching approximately 370 million kilowatts.

Analog Devices, Inc. (NASDAQ: ADI) has launched a comprehensive open radio unit (O-RU) reference design platform that aims to decrease the risk and time involved in radio unit development. This platform supports advanced 4G and 5G requirements, with capabilities for customization across macro and small cell radio units. The solution incorporates ADI's fifth generation 8T8R RadioVerse SoC and is built on Intel’s Agilex 7 FPGA. By enhancing design resources for radio developers, the platform facilitates innovation and competition in the O-RAN ecosystem, showcased at Mobile World Congress.

Analog Devices (ADI) and Marvell Technology (MRVL) announced a collaboration to launch a next-generation 5G massive MIMO reference design platform, optimizing energy consumption and size. This platform integrates ADI’s RadioVerse Transceiver SoC with Marvell's OCTEON 10 Fusion processor, achieving a 40% reduction in energy use compared to previous models. The design supports O-RAN with 32 transmit and receive antennas, delivering 400 MHz operational bandwidth. The product aims to enhance performance and efficiency in the growing domain of 5G networks and is currently showcased at the Mobile World Congress 2023.

Analog Devices, Inc. (ADI) is showcasing innovative solutions at the Mobile World Congress (MWC) 2023 in Barcelona, focusing on connectivity and sustainability. ADI's booth will exhibit technologies that aim to reduce energy consumption and enhance customer experiences. Highlighted products include a next-generation massive MIMO reference design offering 40% power savings and advanced micro-sleep modes to decrease network energy usage. The company aims to support advancements in areas like mixed reality and audible wearables, emphasizing the integration of 5G technologies. ADI reported over $12 billion in revenue for FY22, engaging 125,000 customers globally.

Analog Devices, Inc. (ADI) reported first-quarter fiscal 2023 results with revenue of $3.25 billion, reflecting a 21% year-over-year growth. The company achieved a record earnings per share (EPS) of $1.88, a 255% increase from the previous year. Operating cash flow reached $5.0 billion with free cash flow of $4.3 billion. ADI returned over $1 billion to shareholders and raised its quarterly dividend by 13%.

Looking ahead, ADI forecasts second-quarter revenue between $3.10 billion and $3.30 billion, with expected EPS of $1.85 to $1.95.

Analog Devices, Inc. (NASDAQ: ADI) has announced a 13% increase in its quarterly dividend, raising it from $0.76 to $0.86 per share. This adjustment equates to an annual dividend of $3.44. The new dividend will be payable on March 8, 2023, to shareholders on record as of February 27, 2023. This marks the company's 20th increase in the last 19 years and reflects a commitment to returning 100% of free cash flow to shareholders through dividends and share repurchases. Analog Devices has returned over $12 billion to shareholders in the past five years, showcasing its strong business model and confidence.

Analog Devices, Inc. (NASDAQ: ADI) will announce its Q1 fiscal 2023 financial results on February 15, 2023, at 7:00 a.m. ET. A conference call will be held the same day at 10:00 a.m. ET, featuring CEO Vincent Roche and CFO Prashanth Mahendra-Rajah. This call can be accessed live via their Investor Relations website. The company reported revenues exceeding $12 billion in FY22 and serves 125,000 customers globally.