Analog Devices (ADI) Revenue — Quarter Ended Aug 3, 2024
Revenue in the current quarter declined compared to the same quarter a year earlier. On a sequential basis, revenue increased from the immediately preceding quarter.
Key takeaway
Quarter ended Aug 3, 2024 · FY2024 Q3
Revenue in the current quarter declined compared to the same quarter a year earlier. On a sequential basis, revenue increased from the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.3B
Revenue reported for this quarter.
Quarter-over-quarter
+7.1%
Change from the immediately preceding quarter.
Year-over-year
-24.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.7B
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 |
|---|---|---|
| Oct 28, 2023 | $2.7B | -16.4% |
| Feb 3, 2024 | $2.5B | -22.7% |
| May 4, 2024 | $2.2B | -33.8% |
| Aug 3, 2024 | $2.3B | -24.8% |
Revenue performance
The reported revenue direction was upward from the previous quarter, marking a sequential improvement after several quarters of decline. However, the year-over-year comparison shows a continued contraction from the prior-year period.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased. Relative to the same quarter one year earlier, revenue decreased, reflecting a smaller year-over-year decline than in the prior quarter's comparison.
What to watch
Monitor whether the sequential revenue recovery can be sustained amid the continuing year-over-year decline.