Analog Devices Reports Record Second Quarter Fiscal 2022 Results

May 18, 2022 at 7:00 AM EDT

Revenue of $2.97 billion with double digit year-over-year growth across all end markets
Double digit sequential growth across all B2B end markets
Increased share repurchases to $776 million and paid $398 million in dividends, returning a total $1.17 billion to shareholders
Operating cash flow of $3.65 billion and free cash flow of $3.20 billion, or 33% of revenue, on a trailing twelve-month basis

WILMINGTON, Mass.--(BUSINESS WIRE)--May 18, 2022-- Analog Devices, Inc. (Nasdaq: ADI), a leading global high-performance analog technology company, today announced financial results for its second quarter of fiscal 2022, which ended April 30, 2022.

“ADI delivered its fifth consecutive quarter of record revenue, illustrating the unprecedented demand for our technologies and our ability to increase output in a challenging supply backdrop. Top line strength combined with successful synergy execution enabled adjusted gross margin, operating margin and EPS to achieve new highs,” said Vincent Roche, CEO and Chair. “Despite increasing geopolitical uncertainty and ongoing supply chain disruptions, we enter the second half from a position of strength with increased capacity and continued bookings momentum.”

Roche continued, “Market leadership in numerous secular mega trends such as automation, electrification, and advanced connectivity is a testament to the depth and breadth of our performance leading analog, mixed signal, and power portfolio. Our solutions enable the intelligent edge, accelerating digitalization across industries. Continued efforts to deepen customer relationships, enhance operational resiliency, and our unrelenting focus on innovation, gives me great confidence in our ability to accelerate long term growth while driving positive societal impact.”

Performance for the Second Quarter of Fiscal 2022

Results Summary⁽¹⁾
(in millions, except per-share amounts and percentages)

	Three Months Ended
	Apr. 30, 2022			May 1, 2021			Change
Revenue	$	2,972		$	1,661			79	%
Gross margin	$	1,945			1,137			71	%
Gross margin percentage		65.4	%		68.4	%	(300 bps)
Operating income	$	918		$	520			77	%
Operating margin		30.9	%		31.3	%	(40 bps)
Diluted earnings per share	$	1.49		$	1.14			31	%

Adjusted Results
Adjusted gross margin	$	2,205		$	1,177			87	%
Adjusted gross margin percentage		74.2	%		70.9	%	330 bps
Adjusted operating income	$	1,495		$	694			115	%
Adjusted operating margin		50.3	%		41.7	%	860 bps
Adjusted diluted earnings per share	$	2.40		$	1.54			56	%

				Three Months Ended			Trailing Twelve Months
Cash Generation				Apr. 30, 2022			Apr. 30, 2022
Net cash provided by operating activities				$	1,222		$	3,649
% of revenue					41	%		37	%
Capital expenditures				$	(119	)	$	(447	)
Free cash flow				$	1,103		$	3,202
% of revenue					37	%		33	%

				Three Months Ended			Trailing Twelve Months
Cash Return				Apr. 30, 2022			Apr. 30, 2022
Dividend paid				$	(398	)	$	(1,386	)
Stock repurchases					(776	)		(3,612	)
Total cash returned				$	(1,174	)	$	(4,998	)

(1) The sum and/or computation of the individual amounts may not equal the total due to rounding.

Outlook for the Third Quarter of Fiscal Year 2022

For the third quarter of fiscal 2022, we are forecasting revenue of $3.05 billion, +/- $100 million. At the midpoint of this revenue outlook, we expect reported operating margin of approximately 32.2%, +/-130 bps, and adjusted operating margin of approximately 49.5%, +/-70 bps. We are planning for reported EPS to be $1.55, +/-$0.10, and adjusted EPS to be $2.42, +/-$0.10.

Our third quarter fiscal 2022 outlook is based on current expectations and actual results may differ materially, as a result of, among other things, the important factors discussed at the end of this release. These statements supersede all prior statements regarding our business outlook set forth in prior ADI news releases, and ADI disclaims any obligation to update these forward-looking statements.

The adjusted results and adjusted anticipated results above are financial measures presented on a non-GAAP basis. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures are provided in the financial tables included in this press release. See also “Non-GAAP Financial Information” section for additional information.

Dividend Payment

The ADI Board of Directors has declared a quarterly cash dividend of $0.76 per outstanding share of common stock. The dividend will be paid on June 9, 2022 to all shareholders of record at the close of business on May 31, 2022.

Conference Call Scheduled for Today, Wednesday, May 18, 2022 at 10:00 am ET

ADI will host a conference call to discuss our second quarter fiscal 2022 results and short-term outlook today, beginning at 10:00 am ET. Investors may join via webcast, accessible at investor.analog.com, or by telephone. The participant dial-in for both domestic and international callers will be available ten minutes before the call begins by calling 833-423-0297. International participants may provide the passcode 8334230297.

A replay will be available two hours after the completion of the call. The replay may be accessed for up to two weeks by dialing 855-859-2056 (replay only) and providing the conference ID: 6327355, or by visiting investor.analog.com.

Non-GAAP Financial Information

This release includes non-GAAP financial measures that are not in accordance with, nor an alternative to, generally accepted accounting principles (GAAP) and may be different from non-GAAP measures presented by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. These non-GAAP measures have material limitations in that they do not reflect all of the amounts associated with the Company’s results of operations as determined in accordance with GAAP and should not be considered in isolation from, or as a substitute for, the Company’s financial results presented in accordance with GAAP. The Company’s use of non-GAAP measures, and the underlying methodology when including or excluding certain items, is not necessarily an indication of the results of operations that may be expected in the future, or that the Company will not, in fact, record such items in future periods. You are cautioned not to place undue reliance on these non-GAAP measures. Reconciliations of these non-GAAP measures to the most directly comparable financial measures calculated and presented in accordance with GAAP are provided in the financial tables included in this release.

Management uses non-GAAP measures internally to evaluate the Company’s operating performance from continuing operations against past periods and to budget and allocate resources in future periods. These non-GAAP measures also assist management in evaluating the Company’s core business and trends across different reporting periods on a consistent basis. Management also uses these non-GAAP measures as the primary performance measurement when communicating with analysts and investors regarding the Company’s earnings results and outlook and believes that the presentation of these non-GAAP measures is useful to investors because it provides investors with the operating results that management uses to manage the Company and enables investors and analysts to evaluate the Company’s core business. Management also believes that the non-GAAP liquidity measure free cash flow is useful both internally and to investors because it provides information about the amount of cash generated after capital expenditures that is then available to repay debt obligations, make investments and fund acquisitions, and for certain other activities.

The non-GAAP financial measures referenced by ADI in this release include: adjusted gross margin, adjusted gross margin percentage, adjusted operating expenses, adjusted operating expenses percentage, adjusted operating income, adjusted operating margin, adjusted nonoperating expense (income), adjusted income before income taxes, adjusted provision for income taxes, adjusted tax rate, adjusted diluted earnings per share (EPS), free cash flow, and free cash flow margin percentage.

Adjusted gross margin is defined as gross margin, determined in accordance with GAAP, excluding certain acquisition related expenses¹, which are described further below. Adjusted gross margin percentage represents adjusted gross margin divided by revenue.

Adjusted operating expenses is defined as operating expenses, determined in accordance with GAAP, excluding: certain acquisition related expenses¹, acquisition related transaction costs²and special charges, net³,which are described further below. Adjusted operating expenses percentage represents adjusted operating expenses divided by revenue.

Adjusted operating income is defined as operating income, determined in accordance with GAAP, excluding: acquisition related expenses¹, acquisition related transaction costs² and special charges, net³, which are described further below. Adjusted operating margin represents adjusted operating income divided by revenue.

Adjusted nonoperating expense (income) is defined as nonoperating expense (income), determined in accordance with GAAP, excluding: acquisition related expenses¹, which is described further below.

Adjusted income before income taxes is defined as income before income taxes, determined in accordance with GAAP, excluding: acquisition related expenses¹, acquisition related transaction costs², and special charges, net³, which are described further below.

Adjusted provision for income taxes is defined as provision for income taxes, determined in accordance with GAAP, excluding tax related items⁴, which are described further below. Adjusted tax rate represents adjusted provision for income taxes divided by adjusted income before income taxes.

Adjusted diluted EPS is defined as diluted EPS, determined in accordance with GAAP, excluding: acquisition related expenses¹, acquisition related transaction costs², special charges, net³, and tax related items⁴, which are described further below.

Free cash flow is defined as net cash provided by operating activities, determined in accordance with GAAP, less additions to property, plant and equipment, net. Free cash flow margin percentage represents free cash flow divided by revenue.

¹Acquisition Related Expenses: Expenses incurred as a result of current and prior period acquisitions and primarily include expenses associated with the fair value adjustments to debt, inventory, property, plant and equipment and amortization of acquisition related intangibles, which include acquired intangibles such as purchased technology and customer relationships. Expenses also include fair value adjustments associated with the replacement of share-based awards related to the Maxim Integrated Products, Inc. (Maxim) acquisition. We excluded these costs from our non-GAAP measures because they relate to specific transactions and are not reflective of our ongoing financial performance.

²Acquisition Related Transaction Costs: Costs directly related to the Maxim Integrated Products, Inc. acquisition, including legal, accounting and other professional fees as well as integration-related costs. We excluded these costs from our non-GAAP measures because they relate to a specific transaction and are not reflective of our ongoing financial performance.

³Special Charges, net: Expenses, net, incurred in connection with facility closures, consolidation of manufacturing facilities, severance, other accelerated stock-based compensation expense and other cost reduction efforts or reorganizational initiatives. We excluded these expenses from our non-GAAP measures because apart from ongoing expense savings as a result of such items, these expenses have no direct correlation to the operation of our business in the future.

⁴Tax Related Items: Income tax effect of the non-GAAP items discussed above and an income tax benefit from a discrete tax item related to the consolidation of certain subsidiaries. We excluded the income tax effect of these tax related items from our non-GAAP measures because they are not associated with the tax expense on our current operating results.

About Analog Devices

Analog Devices, Inc. (Nasdaq: ADI) operates at the center of the modern digital economy, converting real-world phenomena into actionable insight with its comprehensive suite of analog and mixed signal, power management, radio frequency (RF), and digital and sensor technologies. ADI serves 125,000 customers worldwide with more than 75,000 products in the industrial, communications, automotive, and consumer markets. ADI is headquartered in Wilmington, MA. Visit http://www.analog.com.

Forward-Looking Statements

This press release contains forward-looking statements, which address a variety of subjects including, for example, our statements regarding sustained performance; increasing demand and supply; expected revenue, operating margin, earnings per share, and other financial results; expected market trends and acceleration of those trends, market share gains, operating leverage, production and inventory levels; capacity investments; expected customer demand and order rates for our products, expected product offerings and the importance of our product offerings and technologies to our customers; and market position. Statements that are not historical facts, including statements about our beliefs, plans and expectations, are forward-looking statements. Such statements are based on our current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: the uncertainty as to the extent of the duration, scope and impacts of the COVID-19 pandemic; political and economic uncertainty, including any faltering in global economic conditions or the stability of credit and financial markets; erosion of consumer confidence and declines in customer spending; unavailability of raw materials, services, supplies or manufacturing capacity; changes in geographic, product or customer mix; changes in export classifications, import and export regulations or duties and tariffs; changes in our estimates of our expected tax rates based on current tax law; adverse results in litigation matters, including the potential for litigation related to the Maxim acquisition; the risk that we will be unable to retain and hire key personnel, including as a result of labor shortages; changes in demand for semiconductors; unanticipated difficulties or expenditures relating to integrating Maxim; uncertainty as to the long-term value of our common stock; the diversion of management time on integrating Maxim's business and operations; our ability to successfully integrate acquired businesses and technologies, including Maxim; and the risk that expected benefits, synergies and growth prospects of acquisitions, including our acquisition of Maxim, may not be fully achieved in a timely manner, or at all. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission (“SEC”), including the risk factors contained in our most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K. Forward-looking statements represent management’s current expectations and are inherently uncertain. Except as required by law, we do not undertake any obligation to update forward-looking statements made by us to reflect subsequent events or circumstances.

Analog Devices and the Analog Devices logo are registered trademarks or trademarks of Analog Devices, Inc. All other trademarks mentioned in this document are the property of their respective owners.

ANALOG DEVICES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(In thousands, except per share amounts)

	Three Months Ended						Six Months Ended
	Apr. 30, 2022			May 1, 2021			Apr. 30, 2022			May 1, 2021
Revenue	$	2,972,064		$	1,661,407		$	5,656,357		$	3,219,865
Cost of sales		1,027,544			524,770			2,309,840			1,037,857
Gross margin		1,944,520			1,136,637			3,346,517			2,182,008
Operating expenses:
Research and development		420,901			302,238			847,681			590,388
Selling, marketing, general and administrative		305,308			206,612			602,673			391,887
Amortization of intangibles		253,476			107,786			506,843			215,434
Special charges, net		46,674			311			106,402			749
Total operating expenses		1,026,359			616,947			2,063,599			1,198,458
Operating income		918,161			519,690			1,282,918			983,550
Nonoperating expense (income):
Interest expense		49,548			43,066			101,512		$	85,545
Interest income		(563	)		(290	)		(781	)	$	(499	)
Other, net		(10,069	)		929			(20,613	)	$	(14,099	)
Total nonoperating expense (income)		38,916			43,705			80,118			70,947
Income before income taxes		879,245			475,985			1,202,800			912,603
Provision for income taxes		95,972			53,080			139,450			101,179
Net income	$	783,273		$	422,905		$	1,063,350		$	811,424

Shares used to compute earnings per common share - basic		522,370			368,823			523,831			369,013
Shares used to compute earnings per common share - diluted		526,264			372,418			528,203			372,762

Basic earnings per common share	$	1.50		$	1.15		$	2.03		$	2.20
Diluted earnings per common share	$	1.49		$	1.14		$	2.01		$	2.18

ANALOG DEVICES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
(In thousands)

	Apr. 30, 2022		Oct. 30, 2021
Cash & cash equivalents	$	1,737,733	$	1,977,964
Accounts receivable		1,608,254		1,459,056
Inventories		1,075,297		1,200,610
Other current assets		212,905		740,687
Total current assets		4,634,189		5,378,317
Net property, plant and equipment		2,094,148		1,979,051
Goodwill		26,923,756		26,918,470
Intangible assets, net		14,258,728		15,267,170
Deferred tax assets		2,325,317		2,267,269
Other assets		564,514		511,794
Total assets	$	50,800,652	$	52,322,071

Other current liabilities	$	2,326,212	$	2,253,649
Debt, current		—		516,663
Long-term debt		6,253,215		6,253,212
Deferred income taxes		3,873,084		3,938,830
Other non-current liabilities		1,248,359		1,367,175
Shareholders' equity		37,099,782		37,992,542
Total liabilities & equity	$	50,800,652	$	52,322,071

ANALOG DEVICES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(In thousands)

	Three Months Ended						Six Months Ended
	Apr. 30, 2022			May 1, 2021			Apr. 30, 2022			May 1, 2021
Cash flows from operating activities:
Net income	$	783,273		$	422,905		$	1,063,350		$	811,424
Adjustments to reconcile net income to net cash provided by operations:
Depreciation		71,851			52,466			137,016			108,775
Amortization of intangibles		504,255			145,701			1,008,900			290,745
Stock-based compensation expense		70,996			40,358			157,935			76,996
Cost of goods sold for inventory acquired		—			—			271,396			—
Deferred income taxes		(88,341	)		(21,017	)		(122,992	)		(48,292	)
Non-cash operating lease costs		(35,520	)		—			(27,697	)		8,040
Other		(654	)		2,431			(10,225	)		(12,122	)
Changes in operating assets and liabilities		(84,054	)		93,517			(399,463	)		(71,263	)
Total adjustments		438,533			313,456			1,014,870			352,879
Net cash provided by operating activities		1,221,806			736,361			2,078,220			1,164,303
Cash flows from investing activities:
Additions to property, plant and equipment		(118,779	)		(59,170	)		(229,912	)		(126,558	)
Other		5,186			(1,526	)		13,010			(9,210	)
Net cash used for investing activities		(113,593	)		(60,696	)		(216,902	)		(135,768	)
Cash flows from financing activities:
Early termination of debt		—			—			(519,116	)		—
Dividend payments to shareholders		(397,544	)		(254,429	)		(760,189	)		(483,608	)
Repurchase of common stock		(776,840	)		(188,814	)		(852,860	)		(345,871	)
Proceeds from employee stock plans		11,582			23,752			20,054			43,672
Other		14,617			(94	)		26,657			2,399
Net cash used for financing activities		(1,148,185	)		(419,585	)		(2,085,454	)		(783,408	)
Effect of exchange rate changes on cash		(12,694	)		1,073			(16,095	)		4,229
Net (decrease) increase in cash and cash equivalents		(52,666	)		257,153			(240,231	)		249,356
Cash and cash equivalents at beginning of period		1,790,399			1,048,063			1,977,964			1,055,860
Cash and cash equivalents at end of period	$	1,737,733		$	1,305,216		$	1,737,733		$	1,305,216

ANALOG DEVICES, INC.
REVENUE TRENDS BY END MARKET
(Unaudited)
(In thousands)

The categorization of revenue by end market is determined using a variety of data points including the technical characteristics of the product, the “sold to” customer information, the "ship to" customer information and the end customer product or application into which our product will be incorporated. As data systems for capturing and tracking this data and our methodology evolves and improves, the categorization of products by end market can vary over time. When this occurs, we reclassify revenue by end market for prior periods. Such reclassifications typically do not materially change the sizing of, or the underlying trends of results within, each end market.

	Three Months Ended
	April 30, 2022						May 1, 2021
	Revenue		% of Revenue¹		Y/Y%		Revenue		% of Revenue¹
Industrial	$	1,501,111	51	%	54	%	$	975,706	59	%
Automotive		633,926	21	%	145	%		258,943	16	%
Communications		473,074	16	%	70	%		278,650	17	%
Consumer		363,953	12	%	146	%		148,108	9	%
Total revenue	$	2,972,064	100	%	79	%	$	1,661,407	100	%

	Six Months Ended
	April 30, 2022						May 1, 2021
	Revenue		% of revenue¹		Y/Y %		Revenue		% of revenue¹
Industrial	$	2,847,838	50	%	55	%	$	1,833,198	57	%
Automotive		1,184,927	21	%	134	%		505,748	16	%
Communications		885,450	16	%	58	%		560,904	17	%
Consumer		738,142	13	%	131	%		320,015	10	%
Total revenue	$	5,656,357	100	%	76	%	$	3,219,865	100	%

1) The sum of the individual percentages may not equal the total due to rounding.

ANALOG DEVICES, INC.
RECONCILIATION OF GAAP TO NON-GAAP RESULTS
(Unaudited)
(In thousands, except per share amounts)

	Three Months Ended						Six Months Ended
	Apr. 30, 2022			May 1, 2021			Apr. 30, 2022			May 1, 2021
Gross margin	$	1,944,520		$	1,136,637		$	3,346,517		$	2,182,008
Gross margin percentage		65.4	%		68.4	%		59.2	%		67.8	%
Acquisition related expenses		260,748			40,711			789,363			85,709
Adjusted gross margin	$	2,205,268		$	1,177,348		$	4,135,880		$	2,267,717
Adjusted gross margin percentage		74.2	%		70.9	%		73.1	%		70.4	%

Operating expenses	$	1,026,359		$	616,947		$	2,063,599		$	1,198,458
Percent of revenue		34.5	%		37.1	%		36.5	%		37.2	%
Acquisition related expenses		(260,904	)		(109,903	)		(523,104	)		(220,203	)
Acquisition related transaction costs		(8,537	)		(23,008	)		(21,429	)		(38,244	)
Special charges, net		(46,674	)		(311	)		(106,402	)		(749	)
Adjusted operating expenses	$	710,244		$	483,725		$	1,412,664		$	939,262
Adjusted operating expenses percentage		23.9	%		29.1	%		25.0	%		29.2	%

Operating income	$	918,161		$	519,690		$	1,282,918		$	983,550
Operating margin		30.9	%		31.3	%		22.7	%		30.5	%
Acquisition related expenses		521,652			150,614			1,312,467			305,912
Acquisition related transaction costs		8,537			23,008			21,429			38,244
Special charges, net		46,674			311			106,402			749
Adjusted operating income	$	1,495,024		$	693,623		$	2,723,216		$	1,328,455
Adjusted operating margin		50.3	%		41.7	%		48.1	%		41.3	%

Nonoperating expense (income)		38,916			43,705			80,118			70,947
Acquisition related expenses		2,288			—			4,587			—
Adjusted nonoperating expense (income)	$	41,204		$	43,705		$	84,705		$	70,947

Income before income taxes	$	879,245		$	475,985		$	1,202,800		$	912,603
Acquisition related expenses		519,364			150,614			1,307,880			305,912
Acquisition related transaction costs		8,537			23,008			21,429			38,244
Special charges, net		46,674			311			106,402			749
Adjusted income before income taxes	$	1,453,820		$	649,918		$	2,638,511		$	1,257,508

Provision for income taxes	$	95,972		$	53,080		$	139,450		$	101,179
Effective tax rate		10.9	%		11.2	%		11.6	%		11.1	%
Tax related items		95,828			22,983			210,217			45,780
Adjusted provision for income taxes	$	191,800		$	76,063		$	349,667		$	146,959
Adjusted tax rate		13.2	%		11.7	%		13.3	%		11.7	%

Diluted EPS	$	1.49		$	1.14		$	2.01		$	2.18
Acquisition related expenses		0.99			0.40			2.48			0.82
Acquisition related transaction costs		0.02			0.06			0.04			0.10
Special charges, net		0.09			0.00			0.20			0.00
Tax related items		(0.18	)		(0.06	)		(0.40	)		(0.12	)
Adjusted diluted EPS*	$	2.40		$	1.54		$	4.33		$	2.98
* The sum of the individual per share amounts may not equal the total due to rounding.

ANALOG DEVICES, INC.
RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW
(Unaudited)
(In thousands)

	Trailing Twelve Months			Three Months Ended
	Apr. 30, 2022			Apr. 30, 2022			Jan. 29, 2022			Oct. 30, 2021			Jul. 31, 2021
Revenue	$	9,754,778		$	2,972,064		$	2,684,293		$	2,339,568		$	1,758,853
Net cash provided by operating activities	$	3,648,986		$	1,221,806		$	856,413		$	940,726		$	630,041
% of Revenue		37	%		41	%		32	%		40	%		36	%
Capital expenditures	$	(447,030	)	$	(118,779	)	$	(111,133	)	$	(130,777	)	$	(86,341	)
Free cash flow	$	3,201,956		$	1,103,027		$	745,280		$	809,949		$	543,700
% of Revenue		33	%		37	%		28	%		35	%		31	%

ANALOG DEVICES, INC.
RECONCILIATION OF PROJECTED GAAP TO NON-GAAP RESULTS
(Unaudited)

	Three Months Ending July 30, 2022
	Reported	Adjusted
Revenue	$3.05 Billion	$3.05 Billion
	(+/- $100 Million)	(+/- $100 Million)
Operating margin	32.2%	49.5% (1)
	(+/-130 bps)	(+/-70 bps)
Nonoperating expense	~ $50 Million	~ $50 Million
Tax rate	13%-14%	13%-14% (2)
Earnings per share	$1.55	$2.42 (3)
	(+/- $.10)	(+/- $.10)

(1) Includes $520 million of adjustments related to acquisition related expenses and $6 million of adjustments related to acquisition related transaction costs as previously defined in the Non-GAAP Financial Information section of this press release.

(2) Includes $71 million of tax effects associated with the adjustments for acquisition related expenses and acquisition related transaction costs noted above.

(3) Includes $0.87 of adjustments related to the net impact of acquisition related expenses and acquisition related transaction costs, as well as the tax effects on those items.

(ADI-WEB)

View source version on businesswire.com: https://www.businesswire.com/news/home/20220518005247/en/

Investor Contact:
Analog Devices, Inc.
Mr. Michael Lucarelli
Vice President of Investor Relations and FP&A
781-461-3282
investor.relations@analog.com

Media Contact:
Analog Devices, Inc.
Mr. Michael Schneider
Chief Communications Officer
973-868-1000
corpcomm@analog.com

Source: Analog Devices, Inc.

Investor Relations

Press Releases

Analog Devices Reports Record Second Quarter Fiscal 2022 Results

Related Links