Analog Devices, Inc. (ADI) Reports In-Line Q3 EPS; Guides Q4 EPS, Revs

Analog Devices, Inc. (NASDAQ: ADI) reported Q3 EPS of $0.63, in-line with the analyst estimate of $0.63. Revenue for the quarter came in at $728 million versus the consensus estimate of $716.32 million.

“ADI had another good quarter of revenue growth led by the industrial and communications infrastructure markets,” said Vincent Roche, President and CEO. “Profitability and cash flow continued to be strong and we returned $173 million to shareholders through cash dividends and share repurchases.”

“Near the end of our third quarter, we completed the acquisition of Hittite Microwave Corporation which adds critical radio frequency, microwave and millimeter wave technology to our product portfolio. This helps ADI bring more complete solutions to our industrial, aerospace and defense, communications, and automotive customers, where ever-increasing design challenges are creating significant growth opportunities for ADI,” Mr. Roche continued. “With the addition of Hittite, we are planning for revenue in the fourth quarter to be in the range of $790 million to $820 million.”

Analog Devices, Inc. sees Q414 EPS of $0.66 - $0.70, versus the consensus of $0.67 and sees Q414 revenue of $790 - $820 million, versus the consensus of $761.2 million.

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

You May Also Be Interested In

• Lockheed Martin (LMT) Tops Q1 EPS by 53c, Beats on Revenue; Offers FY24 Guidance
• NextEra Energy (NEE) Tops Q1 EPS by 16c, provides guidance
• W.R. Berkley (WRB) Tops Q1 EPS by 13c