[XGNews]: ADI: the revenue in the first quarter of 2022 was USD 2.884 billion, and the acquisition of Maxim had a great impact on the performance

The following is the [XGNews]: ADI: the revenue in the first quarter of 2022 was USD 2.884 billion, and the acquisition of Maxim had a great impact on the performance recommended by xgapn.com.

On February 16, ADI released its first quarter performance report as of January 29, 2022.

According to the announcement, ADI’s operating revenue in the first quarter of 2022 was US $2.684 billion, a year-on-year increase of 72%; The net profit was US $280 million, a year-on-year decrease of 28%; The gross profit margin is 52.2% and the net profit margin is 10.4%.

Vincent Roche, President and CEO of ADI, said: “ADI achieved record revenue for the fourth consecutive quarter and performed strongly in all end markets and regions. The growing demand for our solutions and our commitment to operational excellence have brought adjusted gross margin, operating margin and earnings per share to new highs. With the increase of bookings and backlog and additional capacity investment, I believe we will Maintain this level of performance in 2022. “

Roche continued: “Our high-performance analog, mixed signal and power technologies are increasingly important to our customers’ digital journey. Through years of organic and inorganic strategic investment, we have built an unparalleled performance leading product portfolio that can take advantage of the growing demand around long-term trends such as automation, electrification and advanced connectivity. Our firm commitment to innovation will continue to grow Play a key role in accelerating these trends and ultimately create value for our customers and shareholders. “

In terms of other financial indicators, the R & D expenses were US $427 million, accounting for 16% of the operating revenue, with a year-on-year increase of 48%; Sales expenses and administrative expenses totaled US $297 million, accounting for 11% of operating revenue, with a year-on-year increase of 60%.

With regard to the year-on-year changes in the main financial data during the reporting period, ADI said that the successful acquisition of Maxim had a great impact on the financial indicators, and the operating revenue increased by 72%, of which the related businesses of the acquired company contributed about 70%; The percentage of gross profit margin decreased by 1490 basis points, mainly due to the increase in the cost of goods sold related to acquisition; R & D expenses increased, mainly due to the acquisition and salary changes; The increase in sales, management and other expenses is mainly due to acquisition projects and salary changes.

In addition, the proportion of each part of the terminal market in the income is: 50% for industry, 21% for automobile, 15% for communication and 14% for consumer electronics.

For the outlook of the second quarter of 2022, ADI predicts that the operating revenue in the second quarter is about US $2.8 billion, the operating profit margin is about 26.5%, and the earnings per share is about US $1.14.

It is worth noting that with regard to the risk factors of enterprises, ADI specifically puts forward the business risks in China, mainly about the impact of changes in China US relations, political environment or international trade policies.

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