Earnings Call Summary | Analog Devices(ADI.US) Q2 2024 Earnings Conference
Earnings Call Summary | Analog Devices(ADI.US) Q2 2024 Earnings Conference
The following is a summary of the Analog Devices, Inc. (ADI) Q2 2024 Earnings Call Transcript:
以下是ADI公司（ADI）2024年第二季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Analog Devices reported Q2 revenue of $2.16 billion, finishing above the high-end of their outlook.
The gross margin for Q2 was 66.7%, lower than previous year due to a mix of factors including lower revenue and utilization.
Operating margin hit 39% surpassing the high-end outlook.
They closed the quarter with more than $2.3 billion of cash and short-term investments and a net leverage ratio of 1.1.
Raised $1.1 billion of debt for general corporate purposes within the quarter.
ADI's EPS for the quarter was $1.40, surpassing the high end of their outlook.
Heading into Q3, the projected revenue is $2.27 billion ± $100 million, a 5% sequential increase at the midpoint.
The Q3 gross margin is expected to be slightly above 67% with an expectation of modest expansion for the second half of the year.
ADI公司公佈的第二季度收入爲21.6億美元，遠高於其前景的高端。
第二季度的毛利率爲66.7％，低於上年，這是由於收入和利用率下降等多種因素造成的。
營業利潤率達到39％，超過了高端前景。
他們在本季度結束時獲得了超過23億美元的現金和短期投資，淨槓桿率爲1.1。
在本季度內籌集了11億美元用於一般公司用途的債務。
ADI本季度的每股收益爲1.40美元，超過了預期的最高水平。
進入第三季度，預計收入爲22.7億美元±1億美元，中點連續增長5％。
第三季度毛利率預計將略高於67％，預計下半年將略有增長。
Business Progress:
業務進展：
ADI is expecting recovery from a downturn, with enhanced bookings for the third consecutive quarter.
Key wins recorded across the healthcare, industrial automation, and automotive sectors.
Achieved multiple customers and good traction in the high-performance computing services due to AI potential.
Leveraging AI for engineering development and enhancing manufacturing efficiency.
Anticipate progression in AI for acoustic systems, 5G radios, and industrial automation.
Reduced inventory by over $70 million in Q2 and plan further reduction in Q3. Met reduction goal of $100 million in the channel and plan additional reduction in Q3.
Software investment and development of machine learning, neural networking capabilities have been underway to bolster the second half of 2025.
An investment of over $2.5 billion made to increase internal capacity across various revenue-generating nodes to meet demand.
ADI預計將從低迷中復甦，預訂量將連續第三個季度增加。
醫療保健、工業自動化和汽車領域取得的關鍵勝利。
由於人工智能的潛力，在高性能計算服務中獲得了多個客戶和良好的吸引力。
利用 AI 進行工程開發並提高製造效率。
預測聲學系統、5G 無線電和工業自動化的人工智能進展。
在第二季度減少了超過7,000萬美元的庫存，並計劃在第三季度進一步削減庫存。實現了該渠道1億美元的削減目標，並計劃在第三季度進一步削減。
軟件投資和機器學習、神經網絡能力的開發一直在進行中，以支持2025年下半年。
投資超過25億美元，用於增加各種創收節點的內部容量以滿足需求。
More details: Analog Devices IR
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譯文內容由第三人軟體翻譯。