Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Analog Devices (ADI) reported earnings 30 days ago. What's next for the stock?
Analog Devices' collaboration with Tata Group to explore semiconductor opportunities in India bodes well for the stock.
Analog Devices, Inc. (NASDAQ:ADI ) JPMorgan 15th Annual U.S. All Stars Conference September 17, 2024 5:00 AM ET Company Participants Michael Lucarelli - VP, IR and FP&A Richard Puccio - EVP and CFO Conference Call Participants Harlan Sur - JPMorgan Harlan Sur Okay, great. Good morning, and welcome to JPMorgan's 15th Annual U.S. All Stars Conference held here in London.
Analog Devices' top and bottom lines fell last quarter, but its guidance suggests a turnaround is on the way. The company points out that inventory levels in its end markets are normalizing, and order momentum is picking up.
ADI is benefiting from a strong portfolio and expanding partnerships amid macro headwinds and stiff competition.
Analog Devices, Inc. (NASDAQ:ADI ) Citi's 2024 Global TMT Conference September 4, 2024 1:20 PM ET Company Participants Mike Lucarelli - VP of Finance, IR, FP&A Conference Call Participants Chris Danely - Citi Chris Danely Everyone, I'm Chris Danely, your friendly neighborhood semiconductor analyst here. It's our pleasure next to have one of our topics, Analog Devices.
Strong underlying growth in Analog/Mixed Signal semiconductors will be tempered by macro and geopolitical uncertainty. Our eyes are on MX and ADI.
Recommended buy rating for Analog Devices due to start of a growth cycle. 3Q24 saw first sequential revenue growth, strong margins, and positive booking metrics. China recovery momentum and robust inventory management position ADI are positive.
Analog Devices NASDAQ: ADI is not out of the weeds, and it will take time to recover fully, but the bottom is in for the semiconductor business, and the rebound is underway. The takeaway from the FQ3 results is that sequential growth persists, and improving client inventory and order volumes point to YoY growth resuming by FQ1 2025.
Analog Devices, Inc. ADI posted better-than-expected third-quarter financial results on Wednesday.
We maintain our hold rating on Analog Devices, even after investors' positive reaction to 3Q24 results and outlook for sequential growth. We think the worst of the slump might be over, but the rally isn't here yet. Management's commentary on the industrial and auto-markets (which account for 75% of total sales) confirms a muted demand environment at the back end of the year.