Filing Flows › Analog Devices (ADI) › Q4 FY24
Analog Devices (ADI) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 26, 2024
Analog Devices (ADI) reported revenue of $2.4B for the fourth quarter fiscal 2024 (Q4 FY24), -10% from a year earlier and +6% from the quarter before. Operating margin was 23.3%, net earnings $478M (19.6% of revenue).
Analog Devices, Q4 FY24: revenue $2.4B (-10% year over year), operating margin 23.3%, net earnings $478M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4B | +6% | -10% |
| Gross profit | $1.4B | +8% | -14% |
| Operating profit | $569M | +16% | -10% |
| Net earnings | $478M | +22% | -4% |
| Operating cash flow | $1.1B | +23% | -11% |
| Free cash flow | $886M | — | — |
What changed
Revenue was $2.4B in Q4 FY24, down 10% year over year and up 6% from the previous quarter. Industrial was the largest line at 43% of revenue.
Gross margin was 58.0%, down 2.7 points from a year earlier. Operating profit was $0.57B, a 23.3% margin (unchanged year over year). Operating expenses fell 16% while revenue fell 10%. Net earnings were $0.48B, down 4% year over year. The effective tax rate was 7.4%.
Operating cash flow was $1.1B (down 11% year over year), 220% of net earnings. Non-cash charges added back $0.52B of depreciation and amortization and $0.07B of share-based compensation. After capital expenditures ($0.17B), free cash flow as the company reports it was $0.89B.
Questions
What was Analog Devices' revenue in the fourth quarter fiscal 2024?
Analog Devices (ADI) reported revenue of $2.4B for the fourth quarter fiscal 2024 (Q4 FY24), -10% from a year earlier and +6% from the quarter before.
Was Analog Devices profitable in the fourth quarter fiscal 2024?
Operating profit was $569M (23.3% of revenue) and net earnings $478M.
Source: Analog Devices 10-K on SEC EDGAR.