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Analog Devices | 10-K: FY2024 Annual Report

Analog Devices | 10-K: FY2024 Annual Report

亚德诺 | 10-K:2024财年年报
美股SEC公告 ·  2024/11/26 15:09

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Analog Devices reported fiscal 2024 revenue of $9.43 billion, down 23% year-over-year from $12.31 billion, as weaker macroeconomic conditions impacted demand across end markets. Gross margin declined to 57.1% from 64.0% due to lower factory utilization and unfavorable product mix. Net income fell 51% to $1.64 billion, with diluted EPS of $3.28 compared to $6.55 in fiscal 2023.The Industrial segment saw the steepest decline of 35% as customers reduced inventory levels, while Communications revenue dropped 33% due to infrastructure deployment timing. Automotive and Consumer segments showed more resilience with modest declines of 2% and 1% respectively. By region, revenue decreased across all major markets, with the U.S. seeing the largest drop of 32%.The company maintained strong cash generation with operating cash flow of $3.85 billion, representing 41% of revenue. The Board declared a quarterly dividend of $0.92 per share payable December 20, 2024. Management continues to focus on operational efficiency while investing in growth initiatives, with R&D expenses at 16% of revenue. The company ended the year with $2.4 billion in cash and short-term investments.
Analog Devices reported fiscal 2024 revenue of $9.43 billion, down 23% year-over-year from $12.31 billion, as weaker macroeconomic conditions impacted demand across end markets. Gross margin declined to 57.1% from 64.0% due to lower factory utilization and unfavorable product mix. Net income fell 51% to $1.64 billion, with diluted EPS of $3.28 compared to $6.55 in fiscal 2023.The Industrial segment saw the steepest decline of 35% as customers reduced inventory levels, while Communications revenue dropped 33% due to infrastructure deployment timing. Automotive and Consumer segments showed more resilience with modest declines of 2% and 1% respectively. By region, revenue decreased across all major markets, with the U.S. seeing the largest drop of 32%.The company maintained strong cash generation with operating cash flow of $3.85 billion, representing 41% of revenue. The Board declared a quarterly dividend of $0.92 per share payable December 20, 2024. Management continues to focus on operational efficiency while investing in growth initiatives, with R&D expenses at 16% of revenue. The company ended the year with $2.4 billion in cash and short-term investments.
亚德诺报告2024财年的营业收入为94.3亿,较去年同期的123.1亿下降了23%,因宏观经济条件疲软影响了各终端市场的需求。毛利率从64.0%下降至57.1%,原因是工厂利用率降低和产品组合不利。净利润下降51%至16.4亿,摊薄后每股收益为3.28美元,相比于2023财年的6.55美元。工业部门的下降幅度最大,降幅为35%,因客户降低了库存水平,而通信收入因制造行业部署时机问题下降了33%。汽车和消费部门表现相对韧性,分别小幅下降2%和1%。按地域板块划分,所有主要市场的营业收入均有所下降,美国则出现最大降幅,达到32%.公司保持强劲的现金生成能力,经营现金流为38.5亿,占营业收入的41%。董事会宣布2024年12月20日支付每股0.92美元的季度股息。管理层继续专注于运营效率,同时投资于增长计划,研发费用占营业收入的16%。公司年末现金和短期投资达24亿。
亚德诺报告2024财年的营业收入为94.3亿,较去年同期的123.1亿下降了23%,因宏观经济条件疲软影响了各终端市场的需求。毛利率从64.0%下降至57.1%,原因是工厂利用率降低和产品组合不利。净利润下降51%至16.4亿,摊薄后每股收益为3.28美元,相比于2023财年的6.55美元。工业部门的下降幅度最大,降幅为35%,因客户降低了库存水平,而通信收入因制造行业部署时机问题下降了33%。汽车和消费部门表现相对韧性,分别小幅下降2%和1%。按地域板块划分,所有主要市场的营业收入均有所下降,美国则出现最大降幅,达到32%.公司保持强劲的现金生成能力,经营现金流为38.5亿,占营业收入的41%。董事会宣布2024年12月20日支付每股0.92美元的季度股息。管理层继续专注于运营效率,同时投资于增长计划,研发费用占营业收入的16%。公司年末现金和短期投资达24亿。
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