Analog Devices Reports Fourth Quarter and Fiscal 2024 Financial Results

 

ANALOG DEVICES, INC.

RECONCILIATION OF GAAP TO NON-GAAP RESULTS

(Unaudited)

(In thousands, except per share amounts)


Three Months Ended


Twelve Months Ended


Nov. 2, 2024


Oct. 28, 2023


Nov. 2, 2024


Oct. 28, 2023

Gross margin

$       1,416,128


$       1,646,716


$       5,381,343


$       7,877,218

  Gross margin percentage

58.0 %


60.6 %


57.1 %


64.0 %

      Acquisition related expenses

243,667


259,925


1,022,488


1,047,309

Adjusted gross margin

$       1,659,795


$       1,906,641


$       6,403,831


$       8,924,527

  Adjusted gross margin percentage

67.9 %


70.2 %


67.9 %


72.5 %









Operating expenses

$          846,736


$       1,012,301


$       3,348,545


$       4,054,106

  Percent of revenue

34.7 %


37.3 %


35.5 %


32.9 %

      Acquisition related expenses

(188,821)


(206,151)


(760,325)


(976,223)

      Acquisition related transaction costs




(7,069)

      Special charges, net

(2,859)


(114,035)


(37,258)


(160,710)

Adjusted operating expenses

$          655,056


$          692,115


$       2,550,962


$       2,910,104

  Adjusted operating expenses percentage

26.8 %


25.5 %


27.1 %


23.6 %









Operating income

$          569,392


$          634,415


$       2,032,798


$       3,823,112

  Operating margin

23.3 %


23.4 %


21.6 %


31.1 %

      Acquisition related expenses

432,488


466,076


1,782,813


2,023,532

      Acquisition related transaction costs




7,069

      Special charges, net

2,859


114,035


37,258


160,710

Adjusted operating income

$       1,004,739


$       1,214,526


$       3,852,869


$       6,014,423

  Adjusted operating margin

41.1 %


44.7 %


40.9 %


48.9 %









Nonoperating expense (income)

$            53,064


$            62,629


$          255,458


$          215,109

      Acquisition related expenses

2,150


2,150


8,600


13,743

Adjusted nonoperating expense (income)

$            55,214


$            64,779


264,058


$          228,852









Income before income taxes

$          516,328


$          571,786


$       1,777,340


$       3,608,003

      Acquisition related expenses

430,338


463,926


1,774,213


2,009,789

      Acquisition related transaction costs




7,069

      Special charges, net

2,859


114,035


37,258


160,710

Adjusted income before income taxes

$          949,525


$       1,149,747


$       3,588,811


$       5,785,571









Provision for income taxes

$            38,256


$            73,356


$          142,067


$          293,424

  Effective tax rate

7.4 %


12.8 %


8.0 %


8.1 %

      Tax related items

76,702


70,503


265,697


388,093

Adjusted provision for income taxes

$          114,958


$          143,859


$          407,764


$          681,517

  Adjusted tax rate

12.1 %


12.5 %


11.4 %


11.8 %









Diluted EPS

$                 0.96


$                 1.00


$                 3.28


$                 6.55

      Acquisition related expenses

0.86


0.93


3.56


3.97

      Acquisition related transaction costs




0.01

      Special charges, net

0.01


0.23


0.07


0.32

      Tax related items

(0.15)


(0.14)


(0.53)


(0.77)

Adjusted diluted EPS*

$                 1.67


$                 2.01


$                 6.38


$               10.09

* The sum of the individual per share amounts may not equal the total due to rounding.


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9  Next Page »
Featured Video
Jobs
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
GPU Design Verification Engineer for AMD at Santa Clara, California
Sr. Silicon Design Engineer for AMD at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
Upcoming Events
SEMICON Japan 2024 at Tokyo Big Sight Tokyo Japan - Dec 11 - 13, 2024
PDF Solutions AI Executive Conference at St. Regis Hotel San Francisco - Dec 12, 2024
DVCon U.S. 2025 at United States - Feb 24 - 27, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise