Analog Devices, Inc. (NASDAQ:ADI) Q1 2024 Earnings Conference Call February 21, 2024 10:00 AM ET
Company Participants
Michael Lucarelli - VP, IR and FP&A
Vincent Roche - CEO & Chairman
Richard Puccio - CFO
Conference Call Participants
Joseph Moore - Morgan Stanley
Stacy Rasgon - Bernstein Research
Chris Danely - Citi
Vivek Arya - Bank of America Merrill Lynch
Harlan Sur - JPMorgan
Toshiya Hari - Goldman Sachs
William Stein - Truist Securities
Timothy Arcuri - UBS
CJ Muse - Cantor Fitzgerald
Operator
Good morning and welcome to the Analog Devices’ First Quarter Fiscal Year 2024 Earnings Conference Call, which is being audio webcast via telephone and over the web.
I'd like to now 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, Josh. And good morning, everybody. Thanks for joining our first quarter fiscal 2024 conference call. With me on the call today, are ADI’s CEO and Chair, Vincent Roche and ADI’s CFO, Richard Puccio. For anyone who missed the release, you can find it in relating financial schedules and investor.analog.com.
Onto the disclosures, 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, our periodic reports and other materials follow the SEC. Actual results could differ materially from the forward-looking information, as these statements reflect our expectations only as a date of this call. We undertake no obligation to update the statements except as required by law.
Revenue, adjusted gross margin, operating and non-operating expenses, operating margin, tax rate, EPS and free cash flow in our comment today will be on non-GAAP basis, which excludes special items. When comparing our results to historic performance. Special items are also excluded from prior periods. Reconciliation of these non-GAAP measures to most directly comparable GAAP measures and additional information about our non-GAAP measures are included in today's earnings release. As a reminder, the first quarter of 2024 was a 14-week quarter.
And with that, I'll turn it over to ADI's CEO and Chair, Vincent Roche, Vince?
Vincent Roche
Thank you very much, Mike, and good morning to you all. But before I begin, I'd like to welcome ADI’s new CFO Richard Puccio to the call, which is only a few weeks in, but we're very excited to have him on board. He brings tremendous financial experience and capability from complex technology sectors, which I think will be very valuable, as we continue to extend our leadership in the Intelligent Edge era.