Analog Devices Inc · Q2 2022 earnings

Briefing

ADI delivered its fifth consecutive quarter of record revenue, illustrating the unprecedented demand and enabled adjusted gross margin, operating margin and EPS to achieve new highs.

Analog Devices reported record second quarter fiscal 2022 results with revenue of $2.97 billion, driven by double digit year-over-year growth across all end markets and double digit sequential growth across all B2B end markets.

• Revenue of $2.97 billion with double digit year-over-year growth across all end markets
• Double digit sequential growth across all B2B end markets
• Increased share repurchases to $776 million and paid $398 million in dividends, returning a total $1.17 billion to shareholders
• Operating cash flow of $3.65 billion and free cash flow of $3.20 billion, or 33% of revenue, on a trailing twelve-month basis

Headline financials

Revenue & EPS history

For the third quarter of fiscal 2022, we are forecasting revenue of $3.05 billion, +/- $100 million. At the midpoint of this revenue outlook, we expect reported operating margin of approximately 32.2%, +/-130 bps, and adjusted operating margin of approximately 49.5%, +/-70 bps. We are planning for reported EPS to be $1.55, +/-$0.10, and adjusted EPS to be $2.42, +/-$0.10.