Analog Devices, Inc. (NASDAQ:ADI) Q4 2023 Earnings Conference Call November 21, 2023 10:00 AM ET
Company Participants
Michael Lucarelli - Vice President, Investor Relations
Vincent Roche - Chief Executive Officer and Chair
Jim Mollica - Interim Chief Financial Officer
Conference Call Participants
Ambrish Srivastava - BMO
Vivek Arya - Bank of America Securities
Joseph Moore - Morgan Stanley
Stacy Rasgon - Bernstein Research
Chris Danely - Citi
Tore Svanberg - Stifel
Timothy Arcuri - UBS
Operator
Good morning and welcome to the Analog Devices Fourth Quarter Fiscal Year 2023 Earnings Conference Call, which is being audio webcast via telephone and over the web. I’d now like 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, Abigail and good morning everybody. Thanks for joining our fourth quarter fiscal 2023 conference call. With me on the call today are ADI’s CEO and Chair, Vincent Roche; and ADI’s Interim CFO, Jim Mollica. For anyone who missed the release, you can find it in relating financial schedules at investor.analog.com.
On our disclosures, the information we are 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. These statements reflect our expectations only as the call today. We undertake no obligation to update these statements, except as required by law. Our references to gross and operating margin, operating and non-op expenses, tax rate, EPS and free cash flow will be on a non-GAAP basis, which excludes special items. When comparing our results to historical performance, special items are also excluded from our 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.
Two comments before we go prepared remarks. We adjusted our mapping to better align revenue to customer end markets. This resulted in slight changes to our end market mix with industrial increasing at each of the other markets slightly lower. These changes are reflected on our web schedule in the quarterly results section for the last 3 years. And second, one more quick reminder, the first quarter of 2024 is a 14-week quarter.
And with that, I’ll turn it over to ADI’s CEO and Chair, Vincent.