Analog Devices, Inc. - ADI STOCK NEWS

Analog Devices, Inc. (NASDAQ: ADI) announced that Prashanth Mahendra-Rajah, Executive Vice President and CFO, will present at the Credit Suisse 26th Annual Technology Conference in Scottsdale, Arizona, on November 29, 2022, at 9:35 a.m. Mountain Time. The event will be available for live streaming via the Investor Relations section on Analog Devices' website, with an archived replay accessible afterward. ADI reported over $12 billion in revenues for FY22 and has a workforce of more than 24,000, serving over 125,000 customers globally.

Analog Devices, Inc. (ADI) reported a fourth quarter revenue of $3.25 billion, marking a 39% increase year-over-year, contributing to a total fiscal 2022 revenue of $12 billion, a 64% surge. Operating cash flow reached $4.5 billion with free cash flow at $3.8 billion, representing 31% of revenue. ADI returned $4.6 billion to shareholders in share repurchases and dividends. The first quarter of fiscal 2023 forecasts revenue of $3.15 billion, with projected EPS of $1.71.

Analog Devices, Inc. (NASDAQ: ADI) has launched the world's first Single-pair Power over Ethernet (SPoE) solutions, enhancing smart building and factory automation. These new Power Sourcing Equipment (PSE) and Power Device (PD) solutions enable efficient power and data management in remote locations, significantly reducing reliance on traditional power sources. The LTC4296-1 PSE and LTC9111 PD products support up to 52W and are compliant with 802.3cg standards, promoting interoperability and fault tolerance. This initiative aligns with the growing trend toward digital buildings and the Intelligent Edge.

Analog Devices, Inc. (ADI) and UMass Lowell have inaugurated the Analog Devices RF/Microwave Learning Lab to enhance education in RF and microwave technologies. The lab, funded by a $125,000 grant from the Analog Devices Foundation and equipped with $165,000 in lab equipment from ADI, supports engineering students' hands-on learning. Located in Ball Hall, the lab aims to prepare students for careers in industries such as aerospace and communications, showcasing ADI's commitment to fostering future engineering talent.

Analog Devices, Inc. (NASDAQ: ADI) has announced its collaboration with AUO Corporation to implement an industry-first matrix LED driver technology in automotive widescreen displays. This innovation facilitates local dimming, enhancing power efficiency by at least 50% while maintaining functional safety. With increasing automation and the transition to electric vehicles, this development aims to elevate the in-cabin experience. The technology, utilizing the MAX25500 LED driver, integrates advanced features for high resolution and reliable diagnostics, underscoring ADI's commitment to safety and performance in automotive applications.

Analog Devices, Inc. (NASDAQ: ADI) will release its fourth quarter and fiscal year 2022 financial results on November 22, 2022, at 7:00 a.m. Eastern time. Following the announcement, a conference call will be held at 10:00 a.m. Eastern time, featuring CEO Vincent Roche, CFO Prashanth Mahendra-Rajah, and VP of Investor Relations Michael Lucarelli. Investors can access the live call via the Investor Relations website. The press release and archived webcast will also be available post-call.

Analog Devices (ADI) and Keysight Technologies (KEYS) have announced a collaboration to enhance the adoption of phased array technology, crucial for satellite communication, radar, and sensing systems. Their combined solutions aim to streamline development stages, featuring Analog Devices' phased array platforms and Keysight's advanced measurement solutions. This partnership promises to cut test times drastically and improve measurement speeds by up to 70 times, facilitating faster market entry for customers. This collaboration signifies a substantial push towards next-generation wireless applications.

Analog Devices, Inc. (ADI) announced the expiration of its Exchange Offer and Consent Solicitation for 3.450% Senior Notes due 2027 issued by Maxim Integrated Products, Inc. As of October 5, 2022, approximately $440,212,000 of $500,000,000 in Maxim Notes were validly tendered, representing 88.04% of the total. Eligible holders will receive $1,000 in ADI Notes for each $1,000 principal amount of Maxim Notes exchanged, plus $1.00 in cash. The settlement is expected on October 7, 2022.

Analog Devices (ADI) announced that its subsidiary Maxim Integrated Products has received enough consents to adopt amendments to the indenture governing its 3.450% Senior Notes due 2027. This decision follows the initiation of an Exchange Offer, commenced on September 8, 2022, to exchange up to $500 million in outstanding Maxim Notes for new ADI Notes and cash. As of the Early Tender Date on September 21, 2022, $438.2 million of the $500 million total has been validly tendered. The Exchange Offer will expire on October 5, 2022.