London, England – Analog Devices, Inc. participated in JPMorgan’s 15th Annual U.S. All Stars Conference in September 17, 2024. The company’s representatives included Michael Lucarelli, the VP of Investor Relations and FP&A, and Richard Puccio, the EVP and CFO. Harlan Sur from JPMorgan welcomed the team from Analog Devices, highlighting the company’s expertise in high-performance mixed-signal RF analog semiconductor solutions and strong presence in power management and signal chain processing.

During the conference, Richard Puccio discussed the challenges faced by Analog Devices in the semiconductor industry cyclical downturn. Despite experiencing a 34% revenue decline from peak to trough, the company has seen a positive inflection in quarter-over-quarter revenue growth. Puccio shared insights on the dynamics of the past year and offered the company’s views on the industry’s trajectory.

Analog Devices is known for its technology that bridges the real world to the physical world, with a focus on industrial, automotive, and communications infrastructure. The company boasts best-in-class gross operating free cash flow margin and a strong capital return program. With 85% of total revenue coming from a diversified business model, Analog Devices remains resilient in the face of industry challenges.

The executives from Analog Devices expressed gratitude for the opportunity to share their insights at the conference. They were optimistic about the company’s ability to navigate through the uncertainties in the semiconductor industry and drive continued growth. The team’s strategic focus on innovation and diversification positions them well for future success in a competitive market.

Overall, Analog Devices’ participation in JPMorgan’s conference shed light on the company’s resilience and innovation in the semiconductor industry. With a strong leadership team and a commitment to driving growth, Analog Devices remains a key player in the market, poised for future success.