Analog Devices Inc. (ADI) CEO Vincent Roche on Q3 2022 Results - Earnings Call Transcript

Analog Devices Inc. (NASDAQ:ADI) Q3 2022 Earnings Conference Call August 17, 2022 10:00 AM ET

Company Participants

Michael Lucarelli - IR

Vincent Roche - CEO

Prashanth Mahendra-Rajah - CFO

Conference Call Participants

Vivek Arya - Bank of America Securities

Christopher Muse - Evercore

Ambrish Srivastava - BMO Capital

Stacy Rasgon - Bernstein Research

Blayne Curtis - Barclays

Tore Svanberg - Stifel

Toshiya Hari - Goldman Sachs

Harlan Sur - JPMorgan

Ross Seymore - Deutsche Bank

Operator

Good morning, and welcome to the Analog Devices Third Quarter Fiscal Year 2022 Earnings Conference Call, which is being audio webcast via telephone and over the web.

I'd like now to introduce your host for today's call, Mr. Michael Lucarelli, Vice President of Investor Relations and FP&A. Sir, the floor is yours.

Michael Lucarelli

Thank you, Matt, and good morning, everybody. Thanks for joining our third quarter fiscal 2022 call. With me on the call today are ADI's CEO and Chair, CEO Vincent Roche; and ADI's CFO, Prashanth Mahendra-Rajah. For anyone who missed the release, you can find it and relating financial schedules at investor. analog.com.

Now on to the disclosures. The information we're about to discuss includes forward-looking statements, which are subject to certain Vincent Roche; and ADI's CFO, Prashanth and our periodic reports and other materials filed with the SEC. Actual results could differ materially from the forward-looking information as these statements reflect our expectations as of the date of this call. We undertake no obligation to update these statements, except as required by law.

Our comments today will also include non-GAAP financial measures, which exclude special items. When comparing our results to our historical performance, special items are also excluded from prior periods. Reconciliations of these non-GAAP measures to their most directly comparable GAAP measures and additional information about our non-GAAP measures are included in today's earnings release. Please note, we've also published our annual ESG report last quarter titled Future Forward. You can find it on the IR web page.

And with that, I'll turn the call over to ADI's CEO and Chair, Vince. Vince?

Vincent Roche

Thank you, Mike, and good morning to you, all. Well, I'm pleased to share that we executed very well amidst a dynamic macro backdrop. We delivered another quarter of record results, driven by continued operational excellence, strong financial discipline and resilient demand for our diverse portfolio of innovation-rich products. Revenue was $3.1 billion, up 24% year-over-year on a combined basis and above the midpoint of our outlook. Strength was broad-based with double-digit growth in every end market.