Welcome to our dedicated page for Analog Devices news (Ticker: ADI), a resource for investors and traders seeking the latest updates and insights on Analog Devices stock.
Analog Devices, Inc. (NASDAQ: ADI) is a leading global semiconductor company based in Wilmington, Massachusetts, specializing in data conversion, signal processing, and power management technology. ADI serves tens of thousands of customers worldwide, with a significant portion of its revenue stemming from industrial and automotive markets. Known for its innovative converter chips that translate analog signals to digital and vice versa, ADI's technology is pivotal in various applications, including wireless infrastructure equipment, digitized factories, and digital healthcare.
In fiscal 2023, Analog Devices achieved revenue milestones, recording $12.3 billion, driven by robust performances in its Industrial and Automotive segments. The company generated an operating cash flow of $4.8 billion and a free cash flow of $3.6 billion, enabling it to return more than $4.6 billion to shareholders through share repurchases and dividends.
Despite macroeconomic challenges, ADI continues to thrive, emphasizing innovation and customer engagement. The company recently announced significant technological advancements such as the Sensinel™ Cardiopulmonary Management (CPM) System, a wearable device with FDA 510(k) clearance, and partnerships with giants like Honeywell and BMW for enhanced connectivity solutions. Furthermore, ADI's hybrid manufacturing network, bolstered by strategic collaborations with TSMC and JASM, ensures resilient and scalable production capabilities.
With a product portfolio designed to leverage secular trends and a commitment to strategic investments, ADI remains confident in its ability to drive shareholder value. The company's forward-looking approach and consistent execution excellence position it as a steadfast leader in the semiconductor industry.
Analog Devices, Inc. (Nasdaq: ADI) reported Q2 2022 revenue of $2.97 billion, marking a 79% year-over-year increase. The company achieved a new high in diluted EPS at $1.49, up 31% from the prior year. Strong operational performance was underscored by an operating cash flow of $3.65 billion and a free cash flow of $3.20 billion, representing 33% of revenue. Looking ahead, ADI forecasts Q3 2022 revenue of $3.05 billion, indicating continued growth despite current supply chain challenges.
Analog Devices, Inc. (NASDAQ: ADI) will release its financial results for Q2 FY 2022 on May 18, 2022, at 7:00 a.m. Eastern time. A conference call will follow at 10:00 a.m. Eastern time, featuring CEO Vincent Roche and CFO Prashanth Mahendra-Rajah discussing results and business outlook. The call can be accessed live via investor.analog.com. A replay will be available for two weeks post-call. Analog Devices serves 125,000 customers globally with a broad product range across various sectors.
Analog Devices, Inc. (ADI) held its 2022 Investor Day, announcing a new financial model that targets a revenue growth rate of 7-10% CAGR and adjusted operating margins of 42-50%. The company highlighted its commitment to leveraging its high-performance analog technology to capitalize on trends in electrification, digitization, and automation. ADI expects to achieve $15 adjusted earnings per share and a free cash flow margin of 40%. Additionally, ADI updated its synergy targets from the acquisition of Maxim Integrated, expecting to capture $400 million in cost synergies by fiscal 2023.
Analog Devices, Inc. (NASDAQ: ADI) has achieved certification for its Wireless Battery Management System (wBMS) to the ISO/SAE 21434 standard, the highest automotive cybersecurity engineering benchmark. TÜV NORD confirmed ADI's wBMS as the first system to meet these standards, ensuring robust cybersecurity measures throughout vehicle lifecycle stages. This certification facilitates the transition to wireless battery solutions for electric vehicles, increasing scalability and promoting EV adoption, which is crucial for reducing emissions and attaining a sustainable future.
Analog Devices, Inc. (NASDAQ: ADI) has partnered with Gridspertise, a subsidiary of the Enel Group, to enhance smart grid resiliency and quality globally. This collaboration will develop innovative hardware and software solutions, enabling grid self-healing and efficient energy management as renewable resources are integrated. Building on a 15-year partnership, the project aims to boost grid reliability and operational efficiency, supporting a transition to clean energy without costly infrastructure overhauls and minimizing environmental impact.
Analog Devices, Inc. (Nasdaq: ADI) will host its Investor Day on April 5, 2022, at 8:30 a.m. ET from its Wilmington headquarters. The event will showcase the company's long-term vision and growth strategy, including opportunities in the current business environment.
Members of ADI leadership will present, followed by live Q&A sessions. Due to space limitations, in-person attendance is by invitation only, and advance registration is necessary. Interested parties can access the event live via the Investor Relations section of ADI's website, with an archived replay available after.
Analog Devices and EPC have introduced the EPC9160, a new reference design featuring the LTC7890 synchronous GaN buck controller, optimized for driving EPC's eGaN FETs. This innovative design supports switching frequencies up to 2 MHz, allowing for high power density and cost-effective DC-DC conversion. The EPC9160 handles input voltages from 9 V to 24 V, providing outputs of 3.3 V or 5 V at 15 A continuous current. With its compact dimensions of 23 mm x 22 mm, it is aimed at automotive, computing, industrial, consumer, and telecom applications, emphasizing efficiency with over 93% performance.
Analog Devices Inc. (Nasdaq: ADI) has appointed Gregory Bryant as Executive Vice President and President of Business Units, effective March 14. He will oversee Industrial, Automotive, Communications, Digital Healthcare, and Consumer units, aiming to enhance ADI's growth strategy. Gregory brings 30 years of semiconductor experience, previously serving as EVP at Intel. His leadership is expected to strengthen ADI's market position following its acquisition of Maxim Integrated. CEO Vincent Roche expressed confidence in Gregory's ability to scale operations and deliver integrated solutions to customers.
Analog Devices, Inc. (Nasdaq: ADI) announced a €100 million investment in the ADI Catalyst facility in Limerick, Ireland, aimed at enhancing collaborative innovation and R&D over the next three years. This investment will create 250 new jobs, focusing on software solutions and AI innovations in sectors like Industry 4.0 and automotive electrification. ADI Catalyst will accelerate the development of customized healthcare solutions, including CAR T-cell therapies. This expansion signifies ADI's commitment to growth in Europe and its role as a leader in the semiconductor industry.
Analog Devices, Inc. (NASDAQ: ADI) announced that CFO Prashanth Mahendra-Rajah will present at the 43rd Annual Raymond James Institutional Investors Conference on March 7, 2022, at 11:00 a.m. Eastern time in Orlando, Florida. The event will be available via a live webcast on the company's Investor Relations website, with an archived replay also accessible afterwards. Analog Devices specializes in analog and mixed-signal technologies, serving over 125,000 customers globally with a broad product range.
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