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.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Harley-Davidson, Inc. (NYSE: HOG) reported fourth quarter 2022 earnings results today. Revenue increased 12% year-over-year to $1.14 billion. Net income attributable to Harley-Davidson, Inc. rose 94% YoY to $42 million,
Advanced Micro Devices, Inc. (NASDAQ: AMD) this week issued a cautious outlook for the first quarter of 2023, after reporting stronger-than-expected fourth-quarter results. The chipmaker did not provide full-year guidance,
Meta Platforms, Inc. (NASDAQ: META) reported fourth quarter 2022 earnings results today. Revenue declined 4% year-over-year to $32.17 billion. Net income fell 55% to $4.6 billion while EPS dropped 52%