Analog Devices (ADI) recently reported Q4 fiscal 2024 results that slightly exceeded expectations. Non-GAAP earnings of $1.67 per share and revenues of $2.44 billion both surpassed Zacks Consensus Estimates, though revenues declined 10% year-over-year due to persistent weakness in industrial, communications, and automotive markets. However, the consumer market showed robust growth of 31%, mitigating some of the declines in other segments. For fiscal 2024, ADI posted total revenues of $9.43 billion, down 23% year-over-year, with non-GAAP earnings of $6.38 per share, reflecting a 37% decline.

Looking ahead, Analog Devices projects Q1 fiscal 2025 revenues of $2.35 billion (+/- $100 million) and non-GAAP earnings of $1.53 per share (+/- 10 cents). Despite recent underperformance compared to the S&P 500, the company maintains a Zacks Rank #3 (Hold), with expectations of in-line performance in the coming months.

**Source**: Zacks.com