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Analog Devices, Inc. (ADI) is a global leader in the semiconductor industry, specializing in solving complex engineering challenges by providing integrated circuits (ICs), software, and subsystems that utilize high-performance analog, mixed-signal, and digital signal processing technologies . The company operates in one reportable segment, focusing on the design, development, manufacturing, and marketing of a wide range of ICs, which are the primary source of its revenue . ADI's product portfolio includes data converters, amplifiers, power management, radio frequency ICs, edge processors, and other sensors, catering to diverse applications across industrial, automotive, communications, and consumer markets .
- Industrial Solutions - Provides ICs and subsystems for industrial applications, focusing on automation, instrumentation, and energy management.
- Automotive Solutions - Offers ICs and technologies for automotive applications, enhancing vehicle safety, efficiency, and connectivity.
- Communications Solutions - Delivers ICs and systems for communication networks, supporting infrastructure and wireless connectivity.
- Consumer Electronics - Supplies ICs for consumer devices, improving audio, video, and sensor functionalities.
| Name | Position | External Roles | Short Bio | Start Date | |
|---|---|---|---|---|---|
Vincent Roche ExecutiveBoard | CEO and Chair of the Board | None | CEO since 2013, Chair since 2022. Over 35 years at ADI, recognized as one of America’s Most Innovative Leaders by Forbes in 2019. | May 2013 | View Report > |
Alan Lee Executive | Senior VP and CTO | None | Joined ADI in 2023. Former Corporate VP of Research at AMD. Leads ADI's long-term technology strategy. | Apr 2023 | |
Janene Asgeirsson Executive | Senior VP, Chief Legal Officer, Secretary | None | Leads ADI's legal, governance, and compliance functions. Former Chief Legal Officer at Acacia Communications. | Aug 2021 | |
Katsu Nakamura Executive | Senior VP and Chief Customer Officer | Executive Committee Member, Symposia on VLSI Technology and Circuits | Joined ADI in 1994. Oversees global sales and marketing. Recognized as an IEEE Fellow. | Nov 2024 | |
Martin Cotter Executive | Senior VP, Vertical Business Units | None | Over 35 years at ADI. Leads key sectors like Industrial, Automotive, and Healthcare. Former President of ADI EMEA. | Dec 2024 | |
Michael Sondel Executive | Corporate VP and Chief Accounting Officer | None | Current Chief Accounting Officer. No additional details on prior roles or external affiliations. | N/A | |
Richard C. Puccio, Jr. Executive | Executive Vice President and CFO | None | Joined ADI in 2024. Former CFO of AWS and Partner at PwC. Extensive experience in financial strategy and operations. | Feb 2024 | |
Rob Oshana Executive | Senior VP, Software and Digital Platforms | Adjunct Professor at UT Austin; Corporate Advisory Boards at SMU and UT Austin | Leads ADI's embedded systems and software strategy. Former VP at NXP Semiconductors. | Nov 2024 | |
Venu Gopinathan Executive | VP, Emerging Business Unit | None | ADI Fellow. Leads new business models leveraging ADI's technology portfolio. Former Managing Director of Medical Products. | Nov 2024 | |
Andr\u00e9 Andonian Board | Director | CEO of Andonian Advisory; Chair of Asia Pacific at Flagship Pioneering; Board Member at AEM Holdings | Former McKinsey Senior Partner. Expertise in transforming global companies and talent development. | 2022 | |
Andrea F. Wainer Board | Director | EVP at Abbott Laboratories; Trustee at Goodman Theatre | Leads Abbott's diagnostics businesses. Extensive healthcare and diagnostics expertise. | Jan 2025 | |
Edward H. Frank Board | Director | Executive Chair at Gradient Technologies; Board Member at SiTime and Rocket Lab; Trustee at Carnegie Mellon University | Semiconductor and cybersecurity expert. Former VP at Apple. | 2014 | |
Karen M. Golz Board | Director | Board Member at Aspen Technology and iRobot; Trustee at University of Illinois Foundation | Retired EY Partner. Expertise in accounting, risk management, and governance. | 2018 | |
Laurie H. Glimcher Board | Director | Professor at Harvard Medical School; President Emerita of Dana-Farber Cancer Institute | Renowned immunologist and academic leader. Former CEO of Dana-Farber Cancer Institute. | 2020 | |
Mercedes Johnson Board | Director | Board Member at Teradyne and Synopsys | Former CFO at Avago Technologies. Extensive financial leadership in the semiconductor industry. | 2021 | |
Peter B. Henry Board | Director | Board Member at Citigroup and Nike; Chair of National Bureau of Economic Research | Economist and former Dean of NYU Stern. Expertise in global economics and finance. | Dec 2023 | |
Ray Stata Board | Director | None | Co-founder of ADI. Former CEO and Chair of the Board. Nearly 60 years of experience in the semiconductor industry. | 1965 | |
Stephen M. Jennings Board | Lead Independent Director | None | Former Deloitte Strategy Principal and Global Board Member. Expertise in corporate governance and strategy. | Jan 2024 | |
Susie Wee Board | Director | CEO of DevAI; Visiting Committee Member at MIT EECS | Former VP at Google and Cisco. Expert in IT, AI, and software innovation. | 2019 |
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Given that your Industrial segment growth in Q4 was lower than expected and you are guiding Q1 down sequentially, what are the key factors that will drive Industrial growth above seasonal trends in fiscal '25, and when do you anticipate this acceleration?
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With gross margins being pressured due to mix and low utilization rates, particularly in your Industrial segment, what specific strategies are you implementing to improve gross margins back to 70%, and how dependent is this improvement on revenue reaching $2.7 billion or more?
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As AI moves to the edge and considering your recent investments in software platforms like CodeFusion Studio and ADI Assure, how do you see these software initiatives differentiating Analog Devices from competitors, and what impact do you expect them to have on your overall business and market positioning?
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In your Automotive business, while growth areas like GMSL, A2B, and functional safe power grew over 10% in '24, the other half of your automotive portfolio declined by 10%; what are your plans to address the decline in your standard product portfolio and drive overall growth in Automotive in fiscal '25?
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Given the volatility and high competition in the data center power management market, can you provide more details on your design win traction and how you plan to capitalize on medium-term opportunities, especially with your new product introductions and ecosystem strategy?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Maxim Integrated Products, Inc. | 2021 | ADI completed the acquisition on August 26, 2021, where Maxim stockholders received 0.6300 shares of ADI common stock for each Maxim share, amounting to approximately $28.0 billion in total consideration. This deal strategically enhanced ADI's high-performance analog semiconductor portfolio, expanded its revenue and free cash flow base, garnered necessary regulatory and shareholder approvals, and resulted in key board changes as detailed in the acquisition documentation. |
Recent developments and announcements about ADI.
Earnings
New Earnings (Q1 2025)
·Feb 19, 2025, 6:14 PMView full earnings summary →ADI’s Q1 saw automotive revenue surge with three straight quarters of double-digit growth in China, boosted by strong EV OEM demand. Meanwhile, 1.6Tb electro-optical solutions set new AI infrastructure benchmarks. Geopolitical uncertainties remain a key risk.
Press Releases
Press Release
·Feb 19, 2025, 12:17 AMView full press release →Analog Devices raises its quarterly dividend by 8% to $0.99 per share and increases share repurchase authorization by $10 billion. The moves reinforce its focus on strong, shareholder-friendly capital returns.