Analog Devices: Q1 EPS down 37%

(CercleFinance.com) - For Q1 2023-24, Analog Devices reports adjusted EPS that is down 37% to $1.
73, with an adjusted operating margin that fell 9.1 points to 42%, on revenues that declined 23% to $2.51bn.

Analog achieved revenues and profitability above the midpoint of its outlook, despite a still challenging macroeconomic environment, the semiconductor manufacturer's management said.

For Q2 it expects revenues of $2bn to $2.2bn, an adjusted operating margin of around 37% (at plus or minus 100bp) and adjusted EPS of $1.26 dollars (plus or minus 10 cents).


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