(Boursier.com) — Analog Devices, one of the major American semiconductor players, published for its third fiscal quarter 2022, ending at the end of July, revenues of 3.11 billion dollars (3.06 billion consensus) with double-digit growth on all its end markets, as well as record revenues in the industrial, automotive and communications segment. Operating cash flow reached a record $4.3 billion, while free cash flow totaled $3.7 billion. Revenues soared 77% year-on-year, but the operating margin rate fell to 28.7% from 34.7% a year earlier. Diluted earnings per share rose timidly 7% to $1.44.
For its fourth fiscal quarter, the group is planning revenues of 3.15 billion, plus or minus 100 million, as well as an operating margin of 33.7%, plus or minus 130 bps and an adjusted operating margin of 50, 3% plus or minus 70 bps. Adjusted earnings per share are expected at $2.57, plus or minus 10 cents. For the past quarter, adjusted operating margin was 50.1%, up 650 bps, while adjusted EPS improved 47% to $2.52 ($2.43 consensus).
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