Press release
Analog Devices Reports Record Second Quarter Fiscal 2022 Results
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
About this update from Analog Devices, Inc.
[{"type":"text","content":"\n\nRevenue of $2.97 billion with double digit year-over-year growth across all end markets\n\n\nDouble digit sequential growth across all B2B end markets\n\n\nIncreased share repurchases to $776 million and paid $398 million in dividends, returning a total $1.17 billion to shareholders\n\n\nOperating cash flow of $3.65 billion and free cash flow of $3.20 billion, or 33% of revenue, on a trailing twelve-month basis\n\n\n WILMINGTON, Mass.--(BUSINESS WIRE)--\nAnalog Devices, Inc. (Nasdaq: ADI), a leading global high-performance analog technology company, today announced financial results for its second quarter of fiscal 2022, which ended April 30, 2022.\n\n“ADI delivered its fifth consecutive quarter of record revenue, illustrating the unprecedented demand for our technologies and our ability to increase output in a challenging supply backdrop. Top line strength combined with successful synergy execution enabled adjusted gross margin, operating margin and EPS to achieve new highs,” said Vincent Roche, CEO and Chair. “Despite increasing geopolitical uncertainty and ongoing supply chain disruptions, we enter the second half from a position of strength with increased capacity and continued bookings momentum.”\n\nRoche continued, “Market leadership in numerous secular mega trends such as automation, electrification, and advanced connectivity is a testament to the depth and breadth of our performance leading analog, mixed signal, and power portfolio. Our solutions enable the intelligent edge, accelerating digitalization across industries. Continued efforts to deepen customer relationships, enhance operational resiliency, and our unrelenting focus on innovation, gives me great confidence in our ability to accelerate long term growth while driving positive societal impact.”\n\nPerformance for the Second Quarter of Fiscal 2022\n\n\n\nResults Summary(1)\n\n\n\n\n\n(in millions, except per-share amounts and percentages)\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\nThree Months Ended\n\n\n\n\n\n \n\n\n\nApr. 30, 2022\n\n\n\n \n\n\n\nMay 1, 2021\n\n\n\n \n\n\n\nChange\n\n\n\n\n\nRevenue\n\n\n\n$\n\n\n\n2,972\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1,661\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n79\n\n\n\n%\n\n\n\n\n\nGross margin\n\n\n\n$\n\n\n\n1,945\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n1,137\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n...