Analog Devices lifts revenues 26%, profit over 50% in Q2

Wednesday 19 May 2021 | 15:08 CET | News
Analog Devices reported revenues rising 26 percent to USD 1.661 billion for its fiscal second quarter to 1 May, at the high end of expectations. Results were boosted by record at Industrial and Automotive, and by strong demand for the company's products in general. CEO Vincent Roche said the economic recovery has materialized faster and stronger than initially expected, putting pressure on supply chains. The company was able to avoid issues by investing in additional capacity before the demand inflection. These investments, combined with continued moment in bookings, mean the second half will

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: General
Companies: Analog Devices
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Analog Devices to return all free cash flow to shareholders in the future

Published 09 Sep 2021 09:03 CET | World
Following the close of its acquisition of Maxim Integrated, Analog Devices (ADI) said it now wants to return 100 percent of its ...

Analog Devices lifts revenue outlook for Q4, authorises new share buybacks worth USD 2.5 billion

Published 08 Sep 2021 10:53 CET | World
Analog Devices (ADI) has announced USD 2.5 billion in new accelerated share buybacks, and a higher revenue outlook for its fiscal ...

Analog Devices completes acquisition of Maxim Integrated

Published 27 Aug 2021 11:11 CET | World
Chipmaker Analog Devices has completed its acquisition of Maxim Integrated Products, creating a combined company worth over USD ...

Analog Devices increases share buyback programme to USD 10 billion

Published 26 Aug 2021 09:28 CET | World
Analog Devices has increased its share buyback programme by USD 8.5 billion. This brings the remaining total authorisation to USD ...

Analog Devices beats Q3 outlook as revenues grow 21%

Published 18 Aug 2021 15:17 CET | World
Analog Devices (ADI) announced another quarter of record results for the three months to July. Revenues in its fiscal third ...

Analog Devices allocates money raised by green bond to different projects

Published 25 Jun 2021 11:28 CET | World
Analog Devices has announced how it has allocated the nearly USD 400 million raised from its recent green bond offering. Of the ...

US chipmakers form coalition with customers to lobby for manufacturing support

Published 12 May 2021 09:14 CET | United States
A coalition of leading chipmakers in the US and their customers has formed to lobby the government to invest more in support for ...

Analog Devices commits to net zero emissions by 2050

Published 13 Apr 2021 11:09 CET | World
Analog Devices announced new commitments that advance the company's climate strategy, including pledging to achieve carbon ...

Analog Devices releases Open RAN radio platform

Published 25 Mar 2021 16:09 CET | World
Analog Devices (ADI) announced an ASIC-based radio platform for O-RAN compliant 5G radio units. Designed to shorten time to ...

University of Limerick, Analog Devices set up new computer science programme

Published 25 Feb 2021 11:04 CET | Ireland
Analog Devices, the University of Limerick and other companies, including Stripe, have joined forces to launch a new computer ...

Analog Devices Q1 reaches top end of guidance, with growth from all market segments

Published 17 Feb 2021 16:43 CET | World
Analog Devices reported results at the top end of expectations for its fiscal first quarter to 1 February, with revenue growth ...

Analog Devices raises dividend 11%

Published 17 Feb 2021 09:14 CET | World
Analog Devices announced an 11 percent increase in its quarterly dividend to USD 0.69 per share. This makes the 18th increase in ...

Analog Devices tops Q4 outlook with revenues up 6%

Published 24 Nov 2020 17:48 CET | World
Analog Devices reported revenues for its fiscal fourth quarter to October of USD 1.53 billion, up 6 percent from a year earlier ...

Analog Devices, Maxim shareholders approve integration

Published 09 Oct 2020 14:07 CET | World
The shareholders of both Analog Devices and Maxim Integrated Products, have given their approval the pending integration of the ...

Analog Devices reports sequential improvement in Q3

Published 19 Aug 2020 15:47 CET | World
Revenues for the quarter fell 2 percent from the year before to USD 1.456 billion but improved 11 percent from the second ...

Analog Devices closes USD 400 mln green bond offering

Published 09 Apr 2020 08:51 CET | World
Analog Devices said it has closed what it says is the first green bond offering in the semiconductor industry. The company's ...

Analog Devices withdraws outlook for Q2

Published 26 Mar 2020 14:50 CET | World
Analog Devices has withdrawn its outlook for the second quarter, citing the economic and social effects caused by the coronavirus ...

Analog Devices quarterly revenues fall 15%, lowers Q2 outlook on virus impact

Published 20 Feb 2020 09:15 CET | World
Analog Devices reported revenues for its fiscal first quarter to January down 15 percent year-on-year to USD 1.30 billion, in ...

Analog Devices raises quarterly dividend 15%

Published 19 Feb 2020 09:02 CET | World
Analog Devices has approved an increase in its quarterly dividend from USD 0.54 per share to USD 0.62, equal to USD 2.48 ...

Analog Devices guides for lower Q1 after declines in Q4

Published 27 Nov 2019 09:41 CET | World | Update: 27 Nov 2019 10:38 CET
Revenues for Q4 slid 6 percent from the year before to USD 1.44 billion, with the gross margin falling to 65.3 percent form 68.1 ...