Analog Devices (ADI) sees path to $15 of adjusted earnings per share

Analog Devices, Inc. (Nasdaq: ADI), a leading global high-performance analog technology company, today hosted its 2022 Investor Day at its new LEED-certified Wilmington, MA headquarters. Members of the leadership team shared how the Company is leveraging its high-performance analog portfolio to capitalize on key secular growth trends aligned with electrification, digitization, automation, and connectivity.

“For more than half a century, we have stayed true to our ethos of solving our customers’ critical and complex problems, while building the most durable and premier analog, mixed signal, and power franchise. We have a tremendous opportunity ahead of us as we execute our long-term vision to build and empower the intelligent edge by bringing digital technologies and software closer to the edge, making it more intelligent and prescient,” said Vincent Roche, Chief Executive Officer and Chair of ADI. “As we move up the technology stack, capture opportunity presented by key secular trends and deepen customer relationships through innovation, we have great confidence we will achieve our increased annual revenue growth target of 7% to 10%. While we deliver sustainable growth, we see a path to $15 of adjusted earnings per share and 40% free cash flow margin, enabling us to create significant value for shareholders for years to come.”

In conjunction with today’s event, ADI announced its new long-term financial model, highlighting the following expectations:

In addition, ADI also updated its synergy targets related to the acquisition of Maxim Integrated. The Company now expects to capture cost synergies of $400 million by fiscal 2023 and revenue synergies of more than $1 billion in the next five years.

The presentation materials and a replay of the event will be available at investor.analog.com.

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