2024

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 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
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<p class="has-drop-cap">Analog Devices, Inc. (NASDAQ: ADI), a global leader in semiconductors, <a href="https://investor.analog.com/news-releases/news-release-details/analog-devices-reports-fiscal-first-quarter-2024-financial" target="_blank" aria-label="reported (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">reported</a> a commendable fiscal first quarter for 2024, navigating through challenging macroeconomic conditions to exceed mid-point expectations in revenue and profitability. The company announced a revenue of over $2.5 billion, marking a significant achievement, particularly in the automotive sector, which continued to grow.</p> 
<p>This period also saw ADI generating an impressive operating cash flow of $4.6 billion and free cash flow of $3.2 billion on a trailing twelve-month basis. Additionally, the firm demonstrated its commitment to shareholders by returning over $600 million through dividends and repurchases within the quarter, alongside a 7% increase in quarterly dividends, marking the twentieth consecutive year of <a href="https://tokenist.com/investing/stocks-that-pay-dividends/" rel="dofollow" class="deco-link">dividend growth</a>.</p> 
<h3 id="analog-devices-outperforms-expectations-in-fiscal-q1">Analog Devices Outperforms Expectations in Fiscal Q1</h3> 
<p>Comparatively, ADI’s performance against expectations paints a picture of resilience and strategic agility. Analysts had set the bar with expectations of an <a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="dofollow" class="deco-link">EPS</a> of $1.71 and revenue projections at $2.5 billion for the quarter. The company’s reported revenue aligns closely with these projections, highlighting its ability to meet and slightly exceed market expectations even amidst economic headwinds. </p> 
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<h3 id="guidance">Guidance</h3> 
<p>Looking forward, ADI has provided guidance for the second quarter of fiscal 2024, projecting revenue of $2.10 billion, plus or minus $100 million. This forecast reflects a cautious yet optimistic outlook, considering the ongoing customer inventory rationalization and expected easing in the subsequent quarter. The company anticipates reported operating margins of approximately 15.1%, plus or minus 200 basis points, and an adjusted operating margin of around 37.0%, plus or minus 100 basis points. Moreover, the planned reported EPS is set to be $0.46, plus or minus $0.10, with an adjusted EPS of $1.26, plus or minus $0.10, demonstrating ADI’s strategic planning in navigating future uncertainties.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/analog-devices-adi-achieves-2-5b-revenue-in-fiscal-q1-2024/">Analog Devices (ADI) Achieves $2.5B Revenue in Fiscal Q1 2024</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Analog Devices (ADI) Achieves $2.5B Revenue in Fiscal Q1 2024

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