Analog Devices Beats On Q2 As Inventory Rationalization Takes Effect, CEO Predicts Cyclical Recovery And Growth In AI Investments
Analog Devices Beats On Q2 As Inventory Rationalization Takes Effect, CEO Predicts Cyclical Recovery And Growth In AI Investments
Analog Devices, Inc. (NASDAQ:ADI) stock traded higher Wednesday after it reported fiscal second-quarter 2024 results.
ADI公司（纳斯达克股票代码：ADI）公布2024年第二财季业绩后，股价周三上涨。
The company's revenue declined 34% year-on-year to $2.16 billion, beating the analyst consensus estimate of $2.11 billion. Adjusted EPS of $1.40 beat the analyst consensus estimate of $1.26.
该公司的收入同比下降34％，至21.6亿美元，超过了分析师共识估计的21.1亿美元。调整后的每股收益为1.40美元，超过了分析师普遍预期的1.26美元。
Analog Devices' Industrial revenue declined by 44% Y/Y to $1.01 billion. Automotive revenue decreased 10% Y/Y to $658.2 million.
ADI公司的工业收入同比下降44％，至10.1亿美元。汽车收入同比下降10％，至6.582亿美元。
Communications revenue declined by 45% to $240.8 million, and Consumer revenue decreased by 9% to $245.2 million.
通信收入下降了45％，至2.408亿美元，消费者收入下降了9％，至2.452亿美元。
The adjusted gross margin declined by 700 bps to 66.7% as lower revenue weighed on the profits. The adjusted operating margin fell by 1,220 bps to 39.0%.
由于收入减少打压了利润，调整后的毛利率下降了700个基点至66.7％。调整后的营业利润率下降了1,220个基点至39.0％。
Analog Devices held $2.36 billion in cash and equivalents as of May 4, generating $807.9 million in operating cash flow.
截至5月4日，ADI公司持有23.6亿美元的现金及等价物，创造了8.079亿美元的运营现金流。
Vincent Roche, CEO and Chair, said, "We believe inventory rationalization across our broad customer base is stabilizing, clearing a path for us to return to sequential growth in the third quarter. This, coupled with improving new orders, gives us optimism that we are at the beginning of a cyclical recovery."
首席执行官兼董事长文森特·罗氏表示：“我们认为，我们广泛客户群的库存合理化正在稳定下来，为我们在第三季度恢复连续增长扫清了道路。再加上新订单的改善，使我们乐观地认为我们正处于周期性复苏的开始。”
Roche continued, "The continued proliferation of the Intelligent Edge presents ADI with numerous concurrent secular growth vectors. AI, where we have been increasing our investments, is expected to accelerate these trends as it increasingly extends from centralized applications in data centers to a myriad of applications at the physical edge."
罗氏继续说：“Intelligent Edge的持续普及为ADI提供了许多同步的长期增长载体。随着人工智能越来越多地从数据中心的集中式应用程序扩展到物理边缘的众多应用程序，我们一直在增加投资，预计它将加速这些趋势。”
Outlook: Analog Devices expects third-quarter revenue of $2.27 billion, +/- $100 million, versus the consensus of $2.16 billion. The company projects adjusted EPS of $1.50, +/-$0.10, against the consensus of $1.34.
展望：ADI公司预计第三季度收入为22.7亿美元，+/-1亿美元，而市场普遍预期为21.6亿美元。该公司预计调整后的每股收益为1.50美元，+/-0.10美元，而市场普遍预期为1.34美元。
Price Action: ADI shares traded higher by 6.4% at $230.50 at the last check Wednesday.
价格走势：在周三的最后一次支票中，ADI股价上涨6.4％，至230.50美元。
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