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（納斯達克股票代碼：ADI）公佈2024年第二財季業績後，股價週三上漲。
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.
該公司的收入同比下降34％，至21.6億美元，超過了分析師共識估計的21.1億美元。調整後的每股收益爲1.40美元，超過了分析師普遍預期的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公司的工業收入同比下降44％，至10.1億美元。汽車收入同比下降10％，至6.582億美元。
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2.408億美元，消費者收入下降了9％，至2.452億美元。
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%.
由於收入減少打壓了利潤，調整後的毛利率下降了700個點子至66.7％。調整後的營業利潤率下降了1,220個點子至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23.6億美元的現金及等價物，創造了8.079億美元的運營現金流。
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."
首席執行官兼董事長文森特·羅氏表示：“我們認爲，我們廣泛客戶群的庫存合理化正在穩定下來，爲我們在第三季度恢復連續增長掃清了道路。再加上新訂單的改善，使我們樂觀地認爲我們正處於週期性復甦的開始。”
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."
羅氏繼續說：“Intelligent Edge的持續普及爲ADI提供了許多同步的長期增長載體。隨着人工智能越來越多地從數據中心的集中式應用程序擴展到物理邊緣的衆多應用程序，我們一直在增加投資，預計它將加速這些趨勢。”
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公司預計第三季度收入爲22.7億美元，+/-1億美元，而市場普遍預期爲21.6億美元。該公司預計調整後的每股收益爲1.50美元，+/-0.10美元，而市場普遍預期爲1.34美元。
Price Action: ADI shares traded higher by 6.4% at $230.50 at the last check Wednesday.
價格走勢：在週三的最後一次支票中，ADI股價上漲6.4％，至230.50美元。
Photo via Wikimedia Commons
照片來自維基共享資源