Analog Devices Projects 28.7% Q1 Revenue Growth to $3.1B and EPS $2.29
Analog Devices forecasts fiscal Q1 revenues of $3.1 billion ± $100 million, implying 28.7% year-over-year growth versus a $3.12 billion consensus. Non-GAAP EPS guidance is $2.29 ± $0.10, up 41% year-over-year with an Earnings ESP of +1.57% and a four-quarter beat streak averaging 5.83% surprises.
1. Q1 Guidance Details
Analog Devices expects fiscal Q1 revenues of $3.1 billion ± $100 million, roughly 28.7% growth year-over-year versus a $3.12 billion consensus, and forecasts non-GAAP EPS of $2.29 ± $0.10, representing 41% year-over-year expansion.
2. Earnings Surprise History
The company has beaten consensus estimates in each of the past four quarters with an average surprise of 5.83%, and a current Earnings ESP of +1.57% increases the projected likelihood of another upside result.
3. Segment Growth Drivers
Broad-based momentum stems from industrial automation demand (instrumentation, healthcare, aerospace, defense), communications infrastructure growth (5G, data center optical links) and consumer electronics traction in handsets, gaming and wearables.
4. Valuation and Competitive Landscape
Shares have risen 57.1% over the past year and trade at a forward 12-month P/S of 12.38X versus the industry’s 9.55X; operating margins hit 41.9% while increased R&D and marketing outlays help sustain competitiveness against Texas Instruments, STMicroelectronics and NXP.