(Boursier.com) — Analog Devices, one of the major American semiconductor players, published for its second fiscal quarter 2023 revenues of 3.26 billion dollars, up 10% year-on-year, with historic results in the industrial & automotive segment . Operating cash flow was $4.9 billion, while free cash flow reached $4 billion over twelve rolling months. Adjusted quarterly operating profit was $1.67 billion, up 12%. Adjusted diluted earnings per share climbed 18% to $2.83. The consensus was $2.75 quarterly adjusted EPS for $3.21 billion in revenue.
Nevertheless, the group’s forecasts are particularly cautious and below expectations. For the third quarter of fiscal 2023, the group forecasts revenues of $3.10 billion, more or less $100 million, against the consensus of $3.16 billion. Analog Devices is looking at an operating margin of around 31.9%, plus or minus 130 basis points, and an adjusted operating margin of around 48.5% plus or minus 70 basis points. Net EPS is expected at $1.64, plus or minus $0.12, and Adjusted EPS is expected at $2.52, plus or minus $0.10 – against the consensus $2.65.
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