Analog Devices, Inc. (ADI) Bernstein 41st Annual Strategic Decisions Conference (Transcript)

Analog Devices, Inc. (NASDAQ:ADI) Bernstein 41st Annual Strategic Decisions Conference May 29, 2025 11:00 AM ET

Company Participants

Rich Puccio – CFO

Conference Call Participants

Stacy Rasgon – Bernstein

Stacy Rasgon

I’m Stacy Rasgon. I cover the US semiconductor sector here at Bernstein. And it’s my great honor to introduce our guest today, the CFO of Analog Devices, Mr. Rich Puccio. Before I start, I just want to mention if you have questions you’d like to ask during the presentation or have asked, you have a link to our pigeonhole forum where you can submit them and we will have time for Q&A at the end. Now all the companies that I cover, Analog Devices is probably one of if not the most respected, an extremely high quality franchise in the analog space, particularly as it relates to signal conversion and processing. And they’ve really transformed over the last probably 15 years now. I mean, they rationalized their product portfolio way back in the days focusing on high value applications like whatever the market. They’ve executed on a really well done hybrid manufacturing strategy that’s offered flexibility as well as supported margins in downturns. They’ve now been trying to take advantage of inorganic opportunities where available to boost the franchise and growth potential. And they’re now embarking on more aggressive capital return than we used to see a few years ago, which is good. So just tell us all about it. It gives me great pleasure to introduce Rich. So thank you so much for being [Technical Difficulty].

Rich Puccio

Thank you [Technical Difficulty].

Stacy Rasgon

So you were here last year or too, and I think you said that was your sort of very first sort of public appearance as a CFO of Analog Devices. So you’ve been in the job