Analog Devices Guides Q1 Revenue $3.1B (+28.7%) and $2.29 EPS
Analog Devices forecasts fiscal Q1 revenue of $3.1 billion (±$100 million), up 28.7% year-over-year, and non-GAAP earnings of $2.29 per share (±$0.10), implying 41% growth. Consensus projections call for $3.12 billion revenue and $2.30 EPS, while an Earnings ESP of +1.57% and a Rank #2 signal a likely beat.
1. Q1 Fiscal Guidance and Consensus
Analog Devices sees first quarter revenue of $3.1 billion (±$100 million), reflecting 28.7% year-over-year growth, and non-GAAP earnings of $2.29 per share (±$0.10). Analysts project $3.12 billion revenue and $2.30 EPS, indicating broad alignment with company guidance.
2. Earnings Beat Probability
With an Earnings ESP of +1.57% and a Rank #2, the probability of an earnings surprise is elevated. ADI has exceeded consensus in each of the past four quarters, averaging a 5.83% earnings surprise.
3. Segment Drivers
Strong demand across industrial automation, communications infrastructure for 5G and data centers, and consumer electronics underpins growth. Power management, mixed-signal processors, and precision sensing solutions have driven the uptick in orders and bookings.
4. Valuation and Performance
Shares have risen 57.1% over the last year, outperforming the analog and mixed-signal semiconductor sector’s 46.4% gain. ADI trades at a forward price-to-sales multiple of 12.38X versus the industry’s 9.55X, reflecting premium valuation.