Analog Devices: EPS halved in Q2

(CercleFinance.com) - For Q2 2023-24, Analog Devices reports adjusted EPS that was halved (-51%) to $1.
40, with an adjusted operating margin that is down 12.2 points to 39%, on revenues down 34% to $2.16bn.

The semiconductor manufacturer's management believes that inventory rationalization across our broad customer base is stabilizing, paving the way for a return to sequential growth in the third quarter.

For the current quarter, it forecasts revenues of $2.27bn (+ or + $100m), an adjusted operating margin of around 40% (+ or - 100bp) and adjusted EPS of $1.50 (+ or - 10 cents).


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