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AI English summary of an SEC filing — figures as filed

Analog Devices logoAnalog Devices ADI

The company said fiscal 2024 revenue fell to $9,427 million from $12,306 million a year earlier, a 23% decline, and operating income fell 47% to $2,033 million over the same period. The period covered 12 months ended November 2, 2024.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said fiscal 2024 revenue fell to $9,427 million from $12,306 million a year earlier, a 23% decline, and operating income fell 47% to $2,033 million over the same period. The period covered 12 months ended November 2, 2024.

  2. ADI said fiscal 2024 operating cash flow was $3.9 billion and free cash flow was $3.1 billion. It said it returned more than $2.4 billion to shareholders, including $0.6 billion in share repurchases and $1.8 billion in dividends.

  3. The company reported that for the 3 months ended November 2, 2024, Industrial revenue fell 21% year over year to $1,070,978 thousand, while Consumer revenue rose 31% to $379,690 thousand.

  4. The company said it expects revenue of $2.35 billion (+/- $100 million) for Q1 of fiscal 2025, reported EPS of $0.80 (+/- $0.10), and adjusted EPS of $1.53 (+/- $0.10).

Summary

AI-written

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.

Annual revenue reaches $9,427 million, down 23% from a year earlier

The company said fiscal 2024 revenue fell to $9,427 million from $12,306 million a year earlier, a 23% decline, and operating income fell 47% to $2,033 million over the same period. The period covered 12 months ended November 2, 2024.

Source · Based on the filing body and exhibits

Full-year operating cash flow at $3.9 billion, free cash flow at $3.1 billion

ADI said fiscal 2024 operating cash flow was $3.9 billion and free cash flow was $3.1 billion. It said it returned more than $2.4 billion to shareholders, including $0.6 billion in share repurchases and $1.8 billion in dividends.

Source · Based on the filing body and exhibits

Revenue by end market for Q4: Industrial down 21%, Consumer up 31%

The company reported that for the 3 months ended November 2, 2024, Industrial revenue fell 21% year over year to $1,070,978 thousand, while Consumer revenue rose 31% to $379,690 thousand.

Source · Based on the filing body and exhibits

Fiscal 2025 outlook for Q1

The company said it expects revenue of $2.35 billion (+/- $100 million) for Q1 of fiscal 2025, reported EPS of $0.80 (+/- $0.10), and adjusted EPS of $1.53 (+/- $0.10).

Source · Based on the filing body and exhibits

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.