Analog Devices, Inc. (ADI) CEO Vincent Roche on Q2 2022 Results - Earnings Call Transcript

Analog Devices, Inc. (NASDAQ:ADI) Q2 2022 Results Conference Call May 18, 2022 10:00 AM ET

Company Participants

Michael Lucarelli - VP, IR

Vincent Roche - Chairman, CEO

Prashanth Mahendra-Rajah - CFO

Conference Call Participants

Ambrish Srivastava - BMO

Chris Danely - Citi

C.J. Muse - Evercore

Gary Mobley - Wells Fargo Securities

Stacy Rasgon - Bernstein Research

Tore Svanberg - Stifel

Vivek Arya - Bank of America Securities

William Stein - Truist Securities

Operator

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

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

Michael Lucarelli

Thank you, Katrina, and good morning, everybody. Thanks for joining our second quarter fiscal 2022 call. With me on the call today are ADI's CEO and Chair, 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.

On to the disclosures. The information we're about to discuss includes forward-looking statements, which are subject to certain risks and uncertainties as further described in our earnings release 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. Reconciliation of these non-GAAP measures to the most directly comparable GAAP measures and additional information about our non-GAAP measures are also included in today's earnings release.

And with that, I'll turn it over to ADI's CEO and Chair, Vincent Roche. Vince?

Vincent Roche

Thank you, Mike, and a very good morning to you all. Well, I'm very pleased to report that ADI delivered another quarter of record revenue, profitability and earnings, driven by continued insatiable demand for our products, strong operational execution and accelerated synergy capture.

Moreover, amidst a dynamic macro environment, we're operating from a position of remarkable strength, supported by our record backlog, robust bookings and ongoing capacity expansions, which position us favorably as we enter the second half.