But that's just the reason our consumer business is built differently. Given the recent negative data points surrounding the consumer end market, one may wonder why highlight this market now. Today, I'd like to profile our $1.5 billion-plus consumer franchise, a business that plays an important role in our long-term profitable growth strategy. This wearable system enables wireless continuous monitoring to detect patient deterioration earlier, helping to improve outcomes. In health care, the recently released wireless hospital monitoring system by GE Healthcare in Europe uses ADI solutions across signal chain, power, RF MCUs and sensors. ADI's unmatched precision measurement capabilities are critical to creating a more resilient and flexible grid to help advance efficient electrification globally. In sustainable energy, we announced a design win with Enel Group on the Quantum Edge device used to digitally monitor electric grids. This marks the fourth OEM to adopt wireless BMS as customer interest continues to build for this unique technology. One of these wins was with our wireless BMS solution. In automotive, we reinforced our market-leading position in BMS with wins at two premium European auto manufacturers. Now I'd like to share some recent customer highlights. A key facet to our innovation-driven success is our dedication to extensive and deep customer engagements, which enables us to collaborate with them in solving their toughest problems. Over the last 12 months, we've invested over $1. I'm exceptionally pleased with our results, and I want to thank our employees for their continued hard work and dedication to our success, and importantly, to the success of our customers.Īt ADI, innovation is ingrained in our culture, fueled by an unwavering commitment to robust R&D investments. Adjusted earnings per share of $2.52 finished at the high end of our outlook, marking another new high. Our third quarter profitability reflects ADI's innovation premium and strong operating leverage with gross and operating margins of 74% and 50%, respectively. Strength was broad-based with double-digit growth in every end market. Revenue was $3.1 billion, up 24% year-over-year on a combined basis and above the midpoint of our outlook. We delivered another quarter of record results, driven by continued operational excellence, strong financial discipline and resilient demand for our diverse portfolio of innovation-rich products.
Well, I'm pleased to share that we executed very well amidst a dynamic macro backdrop. Thank you, Mike, and good morning to you, all. You can find it on the IR web page.Īnd with that, I'll turn the call over to ADI's CEO and Chair, Vince. Please note, we've also published our annual ESG report last quarter titled Future Forward. 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. When comparing our results to our historical performance, special items are also excluded from prior periods.
Our comments today will also include non-GAAP financial measures, which exclude special items.
Lead system designer ge salaries update#
We undertake no obligation to update these statements, except as required by law. Actual results could differ materially from the forward-looking information as these statements reflect our expectations as of the date of this call. The information we're about to discuss includes forward-looking statements, which are subject to certain Vincent Roche and ADI's CFO, Prashanth and our periodic reports and other materials filed with the SEC. For anyone who missed the release, you can find it and relating financial schedules at investor. With me on the call today are ADI's CEO and Chair, CEO Vincent Roche and ADI's CFO, Prashanth Mahendra-Rajah. Thanks for joining our third quarter fiscal 2022 call. Thank you, Matt, and good morning, everybody. Michael Lucarelli, Vice President of Investor Relations and FP&A.
I'd like now to introduce your host for today's call, Mr. Good morning, and welcome to the Analog Devices Third Quarter Fiscal Year 2022 Earnings Conference Call, which is being audio webcast via telephone and over the web. ( NASDAQ: ADI) Q3 2022 Earnings Conference Call Aug10:00 AM ET
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