Analog Devices (ADI) Tops Q2 EPS by 4c, Offers Q3 Guidance

(Updated - May 20, 2020 7:34 AM EDT)

Analog Devices (NASDAQ: ADI) reported Q2 EPS of $1.08, $0.04 better than the analyst estimate of $1.04. Revenue for the quarter came in at $1.32 billion versus the consensus estimate of $1.33 billion.

Outlook for the Third Quarter of Fiscal Year 2020:

For the third quarter of fiscal 2020, we are forecasting revenue of $1.32 billion, +/- $70 million. At the midpoint of this revenue outlook, we expect reported operating margins of approximately 26.4%, +/-200 bps, and adjusted operating margins of approximately 38.3%, +/-150 bps. We are planning for reported EPS to be $0.72, +/-$0.11, and adjusted EPS to be $1.08, +/-$0.11.

Our third quarter fiscal 2020 outlook is based on current expectations and actual results may differ materially, as a result of, among other things, the important factors discussed at the end of this release. These statements supersede all prior statements regarding our business outlook set forth in prior ADI news releases, and ADI disclaims any obligation to update these forward-looking statements.

(*Consensus sees Q3 EPS of $1.03 on revenue of $1.33 billion)

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

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