Analog Devices (ADI) Revenue — Quarter Ended May 4, 2024
Revenue declined in the current quarter compared to both the prior quarter and the same quarter a year ago. The decrease reflects a continuation of the downward trend observed over recent periods.
Key takeaway
Quarter ended May 4, 2024 · FY2024 Q2
Revenue declined in the current quarter compared to both the prior quarter and the same quarter a year ago. The decrease reflects a continuation of the downward trend observed over recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.2B
Revenue reported for this quarter.
Quarter-over-quarter
-14.1%
Change from the immediately preceding quarter.
Year-over-year
-33.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.5B
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 |
|---|---|---|
| Jul 29, 2023 | $3.1B | -1.1% |
| Oct 28, 2023 | $2.7B | -16.4% |
| Feb 3, 2024 | $2.5B | -22.7% |
| May 4, 2024 | $2.2B | -33.8% |
Revenue performance
Reported revenue decreased from the immediately preceding quarter, marking a further contraction in the top line.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was significantly lower, extending the year-over-year declines seen in recent quarters.
What to watch
Monitor whether the sequential revenue decline moderates in future quarters as the company navigates the current demand environment.