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ANALOG DEVICES, INC.

(ADI)
  Report
Delayed Nasdaq  -  04:00 2022-09-30 pm EDT
139.34 USD   -1.87%
09/22Analog Devices Inc : Other Events, Financial Statements and Exhibits (form 8-K)
AQ
09/22Analog Devices Announces Results of Early Tender in Exchange Offer and Consent Solicitation for Maxim Notes, Receipt of Requisite Consents and Extension of Early Tender Premium to Expiration Date
BU
09/20Transcript : Analog Devices, Inc. Presents at 13th Annual U.S. All Stars Conference, Sep-20-2022 05:00 AM
CI
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Analog Devices 4Q Outlook In Line With Analysts' Expectations

08/17/2022 | 07:58am EDT

By Will Feuer


Analog Devices Inc. issued guidance ranges for the current quarter comparable with analysts' views, though Chief Executive Vincent Roche said economic uncertainty is beginning to weigh on bookings.

The semiconductor company said it expects revenue for the fiscal fourth quarter to be between $3.05 billion and $3.25 billion. Analysts surveyed by FactSet expected revenue to be $3.11 billion for the current quarter.

Earnings are expected to be between $1.59 a share and $1.79 a share. Adjusted earnings are expected to be between $2.47 a share and $2.67 a share. Analysts were looking for fourth-quarter adjusted earnings of $2.50 a share, according to FactSet.

"While economic uncertainty is beginning to impact bookings, demand continues to outpace supply, resulting in higher backlog, paving the way for a strong finish to a banner year," Mr. Roche said.

"With customers increasingly focused on digitalization, appreciation for ADI's cutting-edge technology is accelerating. This undeniable trend, along with our relentless focus on innovation, gives me great confidence in our ability to drive long-term growth while making a positive societal impact," he said.

Shares of Analog Devices fell almost 3% in premarket trading, to $174 a share. The stock was up about 2% so far this year.


Write to Will Feuer at Will.Feuer@wsj.com


(END) Dow Jones Newswires

08-17-22 0757ET

Stocks mentioned in the article
ChangeLast1st jan.
ANALOG DEVICES, INC. -1.87% 139.34 Delayed Quote.-19.22%
EDGE TECHNOLOGY INC. -0.62% 803 Delayed Quote.0.00%
All news about ANALOG DEVICES, INC.
09/22Analog Devices Inc : Other Events, Financial Statements and Exhibits (form 8-K)
AQ
09/22Analog Devices Announces Results of Early Tender in Exchange Offer and Consent Solicita..
BU
09/20Transcript : Analog Devices, Inc. Presents at 13th Annual U.S. All Stars Conf..
CI
09/16Analog Devices to Participate in J.P. Morgan 13th Annual U.S. All Stars Conference
BU
09/15Analog Devices Inc : Entry into a Material Definitive Agreement, Financial Statements and ..
AQ
09/09Analog Devices : Citi Transcript
PU
09/08Analog Devices Inc : Other Events, Financial Statements and Exhibits (form 8-K)
AQ
09/08Analog Devices Prices Public Offering of $300 Million in Senior Notes
MT
09/08Analog Devices Announces Pricing of Public Offering of Senior Notes
BU
09/08Transcript : Analog Devices, Inc. Presents at Citi’s 2022 Global Technol..
CI
More news
Analyst Recommendations on ANALOG DEVICES, INC.
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Financials (USD)
Sales 2022 11 925 M - -
Net income 2022 2 706 M - -
Net Debt 2022 4 540 M - -
P/E ratio 2022 26,9x
Yield 2022 2,14%
Capitalization 71 668 M 71 668 M -
EV / Sales 2022 6,39x
EV / Sales 2023 6,28x
Nbr of Employees 24 700
Free-Float 99,1%
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Technical analysis trends ANALOG DEVICES, INC.
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 27
Last Close Price 139,34 $
Average target price 193,86 $
Spread / Average Target 39,1%
EPS Revisions
Managers and Directors
Vincent T. Roche Manager-Product Marketing
Prashanth Mahendra-Rajah Chief Financial Officer & Executive VP-Finance
Daniel Leibholz Vice President-Communications Business Unit
Vivek Jain Executive VP-Global Operations & Technology
Janene I. ┴sgeirsson Secretary, SVP, Chief Legal & Compliance Officer
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