For the first three months of its 2023-24 fiscal year, Analog Devices reports adjusted EPS down 37% to $1.73 and adjusted operating margin down 9.1 points to 42%, on revenues down 23% to $2.51 billion.

"Analog achieved revenues and profitability above the midpoint of our outlook, despite a still challenging macroeconomic environment," nevertheless stresses Vincent Roche, the semiconductor manufacturer's CEO.

For its second accounting quarter, he expects revenues of 2.1 billion (at plus or minus 100 million), an adjusted operating margin of around 37% (at plus or minus 100 basis points) and adjusted EPS of 1.26 dollars (at plus or minus 10 cents).

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