NASDAQ$ADI

Analog Devices Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Analog Devices reported record third quarter fiscal 2022 results, with revenue of $3.1 billion and double digit year-over-year growth across all end markets.

Analog Devices announced record third quarter fiscal 2022 results, achieving record revenue and adjusted earnings per share. Demand continues to outpace supply, resulting in higher backlog.

  • Revenue of $3.1 billion with double digit year-over-year growth across all end markets
  • Record Industrial, Automotive and Communications revenue
  • Increased share repurchases to $906 million and paid $394 million in dividends, returning a total of $1.3 billion to shareholders during the third quarter
  • Record operating cash flow of $4.3 billion and free cash flow of $3.7 billion, or 34% of revenue, on a trailing twelve-month basis

Headline financials

Total Revenue

$3.11B

Previous: $1.76B+76.8%
EPS (adj)

$2.52

Previous: $1.72+46.5%
Operating Margin

28.7%

Previous: 34.7%-17.3%
Gross Margin

65.7%

Previous: 69.4%-5.3%
Capital Expenditures

-$395M

Previous: -$213M-85.4%
Free Cash Flow

$354M

Previous: $290M+22.0%
Net Income

$749M

Previous: $503M+48.8%
Operating Income

$893M

Previous: $610M+46.5%
Gross Profit

$2.04B

Previous: $1.22B+67.3%
Cash & Equivalents

$1.52B

Previous: $1.48B+3.0%
Total Assets

$50.3B

Previous: $21.6B+132.6%
Stock-Based Comp

$84.9M

Previous: $41.7M+103.6%

Revenue & EPS history

Analog Devices · Revenue · Quarterly

$3.11B

Q3 2022+76.8%vs Q3 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Analog Devices · $3.11B total across 4 segments · Q3 2022

  • Industrial
    $1.56B+55.2%
  • Automotive
    $659M+127.2%
  • Communications
    $491M+70.0%
  • Consumer
    $405M+127.3%

Forward guidance

For the fourth quarter of fiscal 2022, Analog Devices is forecasting revenue of $3.15 billion, +/- $100 million. They expect reported EPS to be $1.69, +/-$0.10, and adjusted EPS to be $2.57, +/-$0.10.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+1.2%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+0.5%

Avg return

30 days after

53%

38 / 72 earnings

Positive

+9.7%

Q1 2025

Best reaction

-8.3%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-5.0%-4.8%+4.1%
Q1 2026+1.0%+5.2%-8.3%
Q4 2025+4.4%+10.8%+15.9%
Q3 2025+6.1%+10.4%+6.5%
Q2 2025-4.6%-2.4%+2.8%
Q1 2025+9.7%+7.6%-7.2%
Q4 2024-2.9%-2.5%-2.5%
Q3 2024-0.7%+0.9%+1.5%
Q2 2024+8.3%+7.3%+6.7%
Q1 2024+1.3%-0.2%+2.2%
Q4 2023-0.6%-0.4%+6.8%
Q3 2023-1.7%+2.1%-0.7%
Q2 2023-8.3%-6.1%-1.1%
Q1 2023+8.7%+6.8%+3.4%
Q4 2022+6.3%+4.9%+2.8%
Q3 2022-5.0%-8.5%-16.6%
Q2 2022-1.8%-1.4%-11.7%
Q1 2022-1.0%-1.0%+0.9%
Q4 2021-1.6%-4.0%-6.9%
Q3 2021+0.3%+2.0%+3.1%
Q2 2021+9.3%+11.4%+11.2%
Q1 2021-1.5%-0.8%-5.3%
Q4 2020-0.8%+0.5%+5.4%
Q3 2020-0.4%-0.6%-2.5%
Q2 2020+4.4%+4.4%+13.0%
Q1 2020+5.0%-1.0%-28.2%
Q4 2019+0.7%+0.0%+6.0%
Q3 2019-1.5%-3.9%+4.6%
Q2 2019-1.2%-1.5%+13.8%
Q1 2019+1.0%+3.5%+3.1%
Q4 2018+4.9%+3.6%-3.3%
Q3 2018+1.5%+4.3%-1.4%
Q2 2018+3.0%+5.9%+1.6%
Q1 2018-4.3%-1.2%-1.2%
Q4 2017-4.7%-4.2%-4.7%
Q3 2017+5.2%+6.1%+8.3%
Q2 2017-3.1%-7.1%-8.3%
Q1 2017+5.3%+6.0%+7.0%
Q4 2016+5.4%+6.3%+5.2%
Q3 2016-1.2%-1.6%-4.4%
Q2 2016+0.6%
Q1 2016-0.1%
Q4 2015+6.1%
Q3 2015-1.9%
Q2 2015+4.5%
Q1 2015+2.3%
Q4 2014+5.3%
Q3 2014-1.7%
Q2 2014-1.3%
Q1 2014+1.6%
Q4 2013-2.3%
Q3 2013-1.7%
Q2 2013-2.8%
Q1 2013-0.8%
Q4 2012+0.0%
Q3 2012-2.1%
Q2 2012-0.5%
Q1 2012-2.1%
Q4 2011-5.3%
Q3 2011-1.2%
Q2 2011+5.1%
Q1 2011-0.4%
Q4 2010+1.5%
Q3 2010+6.1%
Q2 2010+1.5%
Q1 2010+3.4%
Q1 2009+3.4%
Q2 2009+6.8%
Q4 2007+6.8%
Q4 2009+6.8%
Q3 2008+3.9%
Q3 2009+3.9%

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