Analog Devices (ADI) Revenue — Quarter Ended Feb 3, 2024
Revenue declined in the current quarter compared with both the prior quarter and the same quarter a year ago. The decrease reflects a continuation of the downward trend observed over recent quarters.
Key takeaway
Quarter ended Feb 3, 2024 · FY2024 Q1
Revenue declined in the current quarter compared with both the prior quarter and the same quarter a year ago. The decrease reflects a continuation of the downward trend observed over recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.5B
Revenue reported for this quarter.
Quarter-over-quarter
-7.5%
Change from the immediately preceding quarter.
Year-over-year
-22.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Apr 29, 2023 | $3.3B | +9.8% |
| Jul 29, 2023 | $3.1B | -1.1% |
| Oct 28, 2023 | $2.7B | -16.4% |
| Feb 3, 2024 | $2.5B | -22.7% |
Revenue performance
Revenue for the quarter was lower than the immediately preceding quarter, marking a further contraction from the prior period's level.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was substantially lower, extending the year-over-year decline seen in the prior quarter.
What to watch
Monitor whether the sequential revenue decline moderates in upcoming quarters.