The company said revenue for its 14-week fiscal 2024 first quarter, which ended February 3, 2024, fell 23% from a year earlier to $2,513 million. Operating income declined 48% to $586 million, and diluted earnings per share fell 51% to $0.93.

1. 01

   The company said revenue for its 14-week fiscal 2024 first quarter, which ended February 3, 2024, fell 23% from a year earlier to $2,513 million. Operating income declined 48% to $586 million, and diluted earnings per share fell 51% to $0.93.

2. 02

   ADI reported on Q1 that Automotive revenue rose 9% year over year to $739,158 thousand, while Industrial revenue fell 31% to $1,196,832 thousand.

3. 03

   The company said that for Q1 (3 months), it generated $1,139 million in operating cash flow and $916 million in free cash flow, and returned a total of $606 million to shareholders, including $426 million in dividends and $180 million in share repurchases.

4. 04

   Analog Devices said it raised its quarterly cash dividend to $0.92 per share from the previous payment of $0.86. It also gave its Q2 revenue outlook of $2.10 billion (+/- $100 million) and reported EPS outlook of $0.46 (+/- $0.10).

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.