Analog Devices Inc.

Financial Performance: Analog Devices, Inc. reported revenue of $9.4 billion for fiscal year 2024, with earnings per share (EPS) of $6.38. The fourth quarter revenue was $2.44 billion, reflecting a 10% year-over-year decline but a 6% sequential increase. The company achieved an impressive 41% operating margin and a free cash flow margin of 33%, up from 29% in fiscal 2023.

Outlook for Fiscal 2025: The company expects a gradual recovery starting in the second quarter of fiscal 2025, with year-over-year growth anticipated in the first quarter compared to a normalized first quarter of fiscal 2024. In terms of revenue, Q1 is expected to be around $2.35 billion, with operating margins projected at approximately 40%.

Market Segments: Industrial and automotive sectors are key focus areas. While industrial declined in fiscal 2024, there are signs of recovery, particularly in AI-related tests and aerospace. Automotive business is expected to continue growing, driven by battery management systems (BMS) and connectivity solutions, with a significant anticipated increase in revenue in fiscal 2025.