Thursday, 24 August 2023

ADI Earnings: Key quarterly highlights from Analog Devices’ Q3 2023 financial results

by Rose White

Analog Devices, Inc. (NASDAQ: ADI) reported third quarter 2023 earnings results today.

ADI Earnings: Key quarterly highlights from Analog Devices’ Q3 2023 financial results

Revenue decreased 1% to $3.08 billion compared to the same period a year ago.

Net income was $877 million, or $1.74 per share, compared to $749 million, or $1.44 per share, last year. Adjusted EPS dipped 1% to $2.49.

For the fourth quarter of 2023, the company is forecasting revenue of $2.70 billion, plus or minus $100 million. Reported EPS is expected to be $1.19 and adjusted EPS is expected to be $2.00, both plus or minus $0.10.

Prior performance

The post ADI Earnings: Key quarterly highlights from Analog Devices’ Q3 2023 financial results first appeared on AlphaStreet.

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