Categories AlphaGraphs, Earnings, Technology
ADI Earnings: Highlights of Analog Devices Q3 2022 results
Analog Devices, Inc. (NASDAQ: ADI) reported a double-digit increase in third-quarter revenues and adjusted profit. The chipmaker also provided guidance for the fourth quarter of 2022.
Third-quarter earnings, excluding special items, climbed to $2.52 per share from $1.72 per share in the comparable period of 2021. On a reported basis, net income was $749 million or $1.44 per share, compared to $503.3 million or $1.35 per share last year.
Driving the earnings growth, total revenues surged 77% annually to $3.10 billion. All four operating segments registered strong growth, with the Automotive and Consumer divisions performing exceptionally well.
Check this space to read management/analysts’ comments on Analog Devices’ Q3 2022 results
“ADI delivered its sixth consecutive quarter of record revenue, fueling adjusted earnings per share to a new all-time high. These results reflect the agility of our hybrid manufacturing model as well as the essential role our high-performance analog, mixed signal, and power portfolio plays across numerous secular growth trends,” said Vincent Roche, chief executive officer of Analog Devices.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to