Analog Devices, Inc. announced on November 26, 2024, its financial results for the fourth quarter and full fiscal year 2024, which ended November 2, 2024. The company reported fourth-quarter revenue of $2.443 billion, a 10% decrease year-over-year, but still surpassed the analyst consensus estimate of $2.40 billion. Adjusted diluted earnings per share (EPS) for the quarter reached $1.67, exceeding the consensus estimate of $1.64, despite a 17% year-over-year decline.
For the full fiscal year 2024, Analog Devices reported revenue of $9.427 billion, a 23% decrease from the prior year. Despite this decline, the company maintained an adjusted operating margin of 40.9% and generated $3.122 billion in free cash flow, representing 33% of revenue. CEO Vincent Roche highlighted the resilience of the business model, noting that operating margins remained above 40% amidst 'unprecedented customer inventory headwinds.'
Looking ahead to the first quarter of fiscal 2025, Analog Devices provided guidance for revenue of $2.35 billion, plus or minus $100 million, and adjusted EPS of $1.53, plus or minus $0.10. CFO Richard Puccio noted a steady pickup in bookings during the fourth quarter, particularly in the Automotive end market, expressing cautious optimism for a strong growth year in fiscal 2025. The company also declared a quarterly cash dividend of $0.92 per share, payable on December 20, 2024.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.