Analog Devices Inc
Summary
Analog Devices is a leading semiconductor company.
ADI combines analog, digital, and software technologies into solutions.
In 2021 Analog Devices acquired Maxim Integrated Products.
Analog Devices, Inc. (Nasdaq: ADI, LSE: 0HFN) is a leading semiconductor company. The company design, manufacture, test and market a broad portfolio of solutions, including integrated circuits (ICs), software and subsystems that leverage high-performance analog, mixed-signal and digital signal processing technologies.
Recent Developments
AMD and Analog Devices Resolve Patent Infringement Lawsuits
Nov 17 2022; AMD and Analog Devices, Inc. announced that they have resolved all their ongoing patent litigations, based on mutually agreed upon terms. As part of this resolution, the two companies have committed to pursue technology collaborations to bring next generation solutions to their communications and data center customers.
Acquisition of Maxim Integrated Products
On August 26, 2021 (Acquisition Date), the company completed the acquisition of Maxim, an independent manufacturer of innovative analog and mixed-signal products and technologies. Pursuant to the Agreement and Plan of Merger, dated as of July 12, 2020 (the Merger Agreement), Maxim stockholders received, for each outstanding share of Maxim common stock, 0.6300 of a share of the Company’s common stock as of the Acquisition Date, for total consideration of approximately $28.0 billion of its common stock. The acquisition of Maxim is referred to as the Acquisition.
Financial Highlights
Nov. 22, 2022; Analog Devices, Inc. announced financial results for its fourth quarter and fiscal year 2022, which ended October 29, 2022.
Fiscal 2022 revenue of $12 billion; B2B markets of Industrial, Automotive, and Communications each achieved records.
Fiscal 2022 operating cash flow of $4.5 billion and free cash flow of $3.8 billion, or 31% of revenue, after investing a record $699 million in capital expenditures.
Returned $4.6 billion to shareholders through $3.1 billion of share repurchases and $1.5 billion of dividends in fiscal 2022.
Revenue for the twelve-month ended Oct 29, 2022 was $12.014 billion compared to $7.318 billion up 64% last year. Gross income was $ 7.532 while the adjust net adjusted operating income was $ 5.939 billion. Net income for the year was $ 2.75 billion compared to $ 1.39 billion last year.
Outlook for the First Quarter of Fiscal Year 2023
For the first quarter of fiscal 2023, ADI is forecasting revenue of $3.15 billion, +/- $100 million. At the midpoint of this revenue outlook, the company expect reported operating margin of approximately 33.4%, +/- 130 bps and adjusted operating margin of approximately 50.0%, +/- 70 bps. ADI is planning for reported EPS to be $1.71, +/- $0.10, and adjusted EPS to be $2.60, +/- $0.10.
Capital Expenditures
Net additions to property, plant and equipment were $699.3 million in fiscal 2022 and were funded with a combination of cash on hand and cash generated from operations. The company expect capital expenditures for fiscal 2023 to be between 6% and 8% of revenue, which is above its historical levels primarily due to its plans to continue to expand internal manufacturing capacity. These capital expenditures will be funded with a combination of cash on hand and cash expected to be generated from future operations, together with existing and anticipated available short- and long-term financing.
Company Overview
Analog Devices, Inc. is a leading semiconductor company. ADI combines analog, digital, and software technologies into solutions. The company design, manufacture, test and market a broad portfolio of solutions, including integrated circuits (ICs), software and subsystems that leverage high-performance analog, mixed-signal and digital signal processing technologies. With reported revenues of more than $12 billion in FY22 and approximately 25,000 people globally working alongside 125,000 global customers,
https://fintel.io/doc/sec-analog-devices-inc-6281-10k-2022-november-22-19318-8907
Patents and Intellectual Property
ADI has obtained a substantial number of patents and trademarks in the United States and in other countries. As of October 29, 2022, the company held approximately 4,800 U.S. patents and approximately 440 published pending U.S. patent applications.
Products and Solutions
Semiconductor components are the building blocks used in electronic systems and equipment. These components are classified as either discrete devices, such as individual transistors, or as ICs, in which a number of transistors and other elements are combined to form a more complicated electronic circuit.
https://www.analog.com/en/products.html
A/D Converters (ADC)
Amplifiers
Analog Functions
Audio Products
Clock and Timing
D/A Converters (DAC)
Embedded Security and 1-Wire
High Speed Logic and Data Path Management
iButton and Memory
Industrial Ethernet Solutions
Interface and Isolation
Optical Communications and Sensing
Power Management
Power Monitor, Control, and Protection
Processors and Microcontrollers
RF and Microwave
Sensors and MEMS
Switches and Multiplexers
Video Products
Plant locations
Manufacturing and other operations are conducted in several locations worldwide. The following its significant general offices and manufacturing facilities.
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