NASDAQ$ADI

Analog Devices Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

ADI delivered record revenue and profits, marking a strong end to the fiscal year.

Analog Devices reported record fourth-quarter revenue of $2.34 billion, exceeding guidance, and fiscal 2021 revenue of $7.32 billion. The company's Industrial and Automotive markets reached all-time highs, and the Consumer business returned to solid growth.

  • Fourth quarter revenue of $2.34 billion, exceeded the midpoint of guidance.
  • Fiscal 2021 revenue of $7.32 billion was led by strength in the Industrial and Automotive markets
  • Completed the acquisition of Maxim Integrated, further strengthening ADI’s position as a high-performance semiconductor leader
  • ADI delivered another quarter of record revenue and profits, marking a strong end to the fiscal year.

Headline financials

Total Revenue

$2.34B

Previous: $1.53B+53.3%
EPS (adj)

$1.73

Previous: $1.44+20.1%
Operating Margin

4.2%

Previous: 30.2%-86.1%
Gross Margin

47.9%

Previous: 67.0%-28.5%
Capital Expenditures

$131M

Previous: $29.9M+337.6%
Free Cash Flow

$810M

Previous: $643M+26.0%
Net Income

$75.7M

Previous: $387M-80.4%
Operating Income

$99M

Previous: $462M-78.6%
Gross Profit

$1.12B

Previous: $1.02B+9.7%
Cash & Equivalents

$1.98B

Previous: $1.06B+87.3%
Total Assets

$52.3B

Previous: $21.5B+143.7%
Stock-Based Comp

$125M

Previous: $36.6M+241.7%

Revenue & EPS history

Analog Devices · Revenue · Quarterly

$2.34B

Q4 2021+53.3%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Analog Devices · $2.34B total across 4 segments · Q4 2021

  • Industrial
    $1.18B+45.3%
  • Automotive
    $453M+97.0%
  • Consumer
    $357M+106.8%
  • Communications
    $352M+12.4%

Forward guidance

For the first quarter of fiscal year 2022, we are forecasting revenue of $2.60 Billion , +/- $100 Million. At the midpoint of this revenue outlook, we expect reported operating margin of approximately 12.0%, +/- 200 bps, and adjusted operating margin of approximately 43.3%, +/- 70 bps. We are planning for reported EPS to be $0.43, +/- $0.10, and adjusted EPS to be $1.78, +/- $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 Q4 2021

Historical avgQ4 2021

+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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