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ADI records record revenue for 6 consecutive quarters, but signals 'pre-orders affected'

August 19, 2022


On August 17, analog IC manufacturer ADI announced the results for the third quarter of fiscal year 2022 and looked forward to the performance of the fourth quarter. It is worth noting that ADI mentioned in this latest earnings report that "economic uncertainty is beginning to affect booking orders". It also said that market demand continues to exceed supply, resulting in a backlog of orders that are still increasing.

ADI said it achieved operating income of $3.1 billion in the third quarter, with double-digit year-over-year growth in all end markets, with record-breaking revenue in industrial, automotive and communications. Fourth quarter fiscal 2022 revenue is expected to be $3.15 billion (+/- $100 million), and it is expected to report an operating margin of approximately 33.7% and an adjusted operating margin of approximately 50.3%.


ADI's fiscal 2022 third quarter financial report data.

Third quarter end market revenue breakdown:

Industrial: 55% YoY to $1.56 billion, 50% of total revenue.

Communications: Up 69% YoY to $490.7 million, or 16% of total revenue.

Automotive: Up 127% YoY to $659.1 million, or 21% of total revenue.

Consumer Electronics: Up 136% YoY to $404.98 million, or 13% of total revenue.


ADI's fiscal 2022 third quarter financial report data

ADI has recorded six consecutive quarters of record revenue, pushing adjusted earnings per share to an all-time high, said ADI CEO Vincent Roche. Reflecting the flexibility of its hybrid manufacturing model and the significant role it plays in the many growing trends of our high-performance analog, mixed-signal and power portfolio.

"While economic uncertainty is starting to impact bookings, demand continues to outpace supply, causing backlogs to build up and paving the way for a perfect finish to this year's harvest," he noted.

Vincent Roche also expressed confidence in the future, saying "ADI's solutions are driving the rise of the intelligent edge, which is proliferating at the intersection of the physical and digital worlds. As customers pay more attention to Digitalization, and appreciation for ADI's cutting-edge technologies are accelerating. This undeniable trend, along with our relentless focus on innovation, gives me confidence that we are driving long-term growth."

Analog Devices, also known as Analog Devices, was founded in 1965 and is a provider of high-performance analog, mixed-signal, and digital signal processing (DSP) integrated circuits for virtually all types of electrical and electronic equipment, including data converters, amplifiers, and linear products, radio frequency (RF) ICs, power management products, sensors based on microelectromechanical systems (MEMS) technology, other types of sensors, and signal processing products, including DSPs and other processors.