computer chip

Analog Devices’ Earnings: What To Expect Amid Chip Shortages

Amid a growing semiconductor shortage worldwide, Analog Devices needs a strong earnings report to maintain its investors’ confidence.

Analog Devices (NASDAQ: ADI) has been essential in the creation of the world’s first 5G network whilst playing a role in the development of 2G, 3G & 4G in the past. 

Analog Devices provide chips that will allow communications companies to process data faster, whilst keeping costs low. This also means there will be an increase in data storage needed which increases revenue in turn for those companies. This company also offers solutions to this as its 5G-only radio frequencies will reduce the power needed by 30%. 

Analog Devices has seen its stock price soar almost 40% in the past year to roughly $150 per share. With earnings coming up following a year of semiconductor shortages, investors will be looking for some good news. 


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When is Analog Devices’ earnings date?

Analog Devices reports earnings for its fiscal second quarter of 2021 on Wednesday, May 19 at 10:00 AM Eastern Time, just after market open. 

How can I listen to Analog Devices’ earnings call?

To listen to the call and to access the transcript, as well as the shareholder’s letter and the financial statements for the quarter, all you need to do is go to the Analog Devices investor relations page.

What to expect from Analog Devices’ Q1 earnings

Here are a few things investors will be looking out for from Analog Devices’ earnings call:

  • Revenue: The classic benchmark figure for a company like Analog Devices that’s been challenged by a number of competitors. Revenue came in at $1.32 billion for the same period 2020. Analysts expect the company to report revenue of $1.61 billion on Thursday.
  • Earnings: Having reported earnings per share (EPS) of $1.08 in the year-ago period, Wall Street analysts put Q2, 2021 EPS at $1.45. 
  • Forecast: For the next financial year, analysts forecast that the firm will post sales of $6.90 billion, with estimates ranging from $6.73 billion to $7.14 billion.

It’s going to continue to be a tough year for Analog Devices as global semiconductor shortages continue to ravage supply chains across consumer products from toothbrushes to cars. However, a strong forecast could go a long way to bringing about some investor confidence. Be sure to keep an eye on this one. 

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MyWallSt operates a full disclosure policy. MyWallSt staff currently hold long positions in companies mentioned above. Read our full disclosure policy here.