Analog Devices (ADI) Tops Q4 EPS by 3c; Guides Q1 Above Views

Analog Devices (NASDAQ: ADI) reported Q4 EPS of $1.73, $0.03 better than the analyst estimate of $1.70. Revenue for the quarter came in at $2.34 billion versus the consensus estimate of $2.31 billion.

“ADI delivered another quarter of record revenue and profits, marking a strong end to the fiscal year. Our Industrial and Automotive markets reached all-time highs and our Consumer business returned to solid growth in fiscal 2021,” said Vincent Roche, President and CEO, “As we enter fiscal 2022, our backlog and bookings remain robust, and we continue to invest in capacity, setting us up for continued growth in the years ahead.”

Roche continued, “The past year truly demonstrated the vital importance of semiconductors to the modern digital age and we’re now better positioned than ever to capture value with our acquisition of Maxim Integrated. This combination has expanded our global team of talented employees and best-in-class technologies, and together, we will develop even more complete, high-performance solutions that define the edge of possible. I’m confident in our ability to drive the next waves of analog semiconductor innovation, while delivering strong returns for shareholders.”

GUIDANCE:

Analog Devices sees Q1 2022 EPS of $1.68-$1.88, versus the consensus of $1.70. Analog Devices sees Q1 2022 revenue of $2.5-2.6 billion, versus the consensus of $2.49 billion.

For earnings history and earnings-related data on Analog Devices (ADI) click here.

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