Benzinga -
- Analog Devices (NASDAQ:ADI), Inc (NASDAQ: ADI) reported fourth-quarter FY22 revenue growth of 39% year-on-year to $3.25 billion, beating the consensus of $3.15 billion.
- Adjusted EPS of $2.73 beat the consensus of $2.58.
- End Markets: Analog Devices' Industrial revenue grew 40% Y/Y to $1.66 billion.
- Automotive revenue increased 49% Y/Y to $672.3 million. Communications revenue rose 42% to $501.98 million, and Consumer revenue grew 19% to $411.9 million.
- Margins: The adjusted gross margin expanded by 310 bps to 74%. The adjusted operating margin grew 800 bps to 51.1%.
- Analog Devices held $1.47 billion in cash and equivalents and generated $1.15 billion in operating cash flow.
- Dividend: The board declared a quarterly cash dividend of $0.76 per share.
- "Our B2B markets of Industrial, Automotive, and Communications reached all-time highs, while our Consumer business delivered another year of strong growth," said Vincent Roche, CEO, and Chair.
- Outlook: Analog Devices sees Q1 FY23 revenue of $3.05 billion - $3.25 billion, above the consensus of $3.04 billion.
- The company sees adjusted EPS of $2.50 - $2.70, above the consensus of $2.41.
- Price Action: ADI shares traded higher by 5.14% at $167.43 in the premarket session on the last check Tuesday.