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Analog Devices | 10-K: FY2024 Annual Report

Analog Devices | 10-K: FY2024 Annual Report

亞德諾 | 10-K:2024財年年報
美股SEC公告 ·  2024/11/26 21:09

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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.
亞德諾報告2024財年的營業收入爲94.3億,較去年同期的123.1億下降了23%,因宏觀經濟條件疲軟影響了各終端市場的需求。毛利率從64.0%下降至57.1%,原因是工廠利用率降低和產品組合不利。凈利潤下降51%至16.4億,攤薄後每股收益爲3.28美元,相比於2023財年的6.55美元。工業部門的下降幅度最大,降幅爲35%,因客戶降低了庫存水平,而通信收入因製造行業部署時機問題下降了33%。汽車和消費部門表現相對韌性,分別小幅下降2%和1%。按地域板塊劃分,所有主要市場的營業收入均有所下降,美國則出現最大降幅,達到32%.公司保持強勁的現金生成能力,經營現金流爲38.5億,佔營業收入的41%。董事會宣佈2024年12月20日支付每股0.92美元的季度股息。管理層繼續專注於運營效率,同時投資於增長計劃,研發費用佔營業收入的16%。公司年末現金和短期投資達24億。
亞德諾報告2024財年的營業收入爲94.3億,較去年同期的123.1億下降了23%,因宏觀經濟條件疲軟影響了各終端市場的需求。毛利率從64.0%下降至57.1%,原因是工廠利用率降低和產品組合不利。凈利潤下降51%至16.4億,攤薄後每股收益爲3.28美元,相比於2023財年的6.55美元。工業部門的下降幅度最大,降幅爲35%,因客戶降低了庫存水平,而通信收入因製造行業部署時機問題下降了33%。汽車和消費部門表現相對韌性,分別小幅下降2%和1%。按地域板塊劃分,所有主要市場的營業收入均有所下降,美國則出現最大降幅,達到32%.公司保持強勁的現金生成能力,經營現金流爲38.5億,佔營業收入的41%。董事會宣佈2024年12月20日支付每股0.92美元的季度股息。管理層繼續專注於運營效率,同時投資於增長計劃,研發費用佔營業收入的16%。公司年末現金和短期投資達24億。
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