The demand for automotive chips boosts the results of Analog devices

The Key Takeaways

• Analog Devices surpassed profit and sale estimates due to a rise in demand for its chips during the fourth quarter of fiscal year.
• A boost in sales was provided by semiconductors sold to the automotive industry.
• CFO Richard Puccio said Analog Devices continues to face "macroeconomic uncertainty."

Shares of Analog Devices (ADI) advanced Tuesday as the semiconductor maker posted better-than-anticipated results on a pickup in demand for automotive chips.

Visible Alpha surveyed analysts and found that the company’s adjusted fourth quarter earnings per share (EPS), which was $1.67, exceeded $1.64. Sales fell by 10% over the past year, to $2.44billion. However, this was higher than expected.

Automotive 'Orders Picked Up Steadily' in Q4, CFO Says

Richard Puccio, Chief Financial Officer Richard Puccio explained to the media that after a slight drop in bookings overall in the third-quarter. “orders picked up steadily throughout the fourth quarter, particularly in the Automotive end market.” 

Vincent Roche, CEO of the Chief Executive Office (CEO), stated that “unprecedented customer inventory headwinds drove a historic revenue decline during fiscal 2024,” Puccio also added, “macro uncertainty continues to limit the pace of our recovery,” It is a company that remains “cautiously optimistic for a strong growth year in fiscal 2025.” 

Analog Devices’ first quarter 2025 adjusted earnings per share (EPS) is $1.53, plus/minus $0.10 cents, slightly less than expected. The company predicts revenues of 2.35 billion dollars, plus or minus 100 million dollars, which is in line with the expectations. 

Analog Devices, whose shares rose by 3% on Tuesday morning, has added around 16% to their value in the past year.

Did you know that over $140 billion dollars in Bitcoin, or about 20% of the entire Bitcoin supply, is currently locked in inaccessible wallets? Or maybe you have lost access to your Bitcoin wallet? Don’t let those funds remain out of reach! AI Seed Phrase Finder is here to help you regain access effortlessly. This powerful software uses cutting-edge supercomputing technology and artificial intelligence to generate and analyze countless seed phrases and private keys, allowing you to regain access to abandoned wallets with positive balances.