Analog Devices forecasts upbeat quarterly sales
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Analysts raise ratings & price targets for Analog Devices after strong fiscal Q2 results & optimistic outlook. Industrials show solid recovery.
Analog Devices is scheduled to announce its Q2 earnings. The consensus estimates revenues of $2.51 billion for the quarter, reflecting a 16% increase year-over-year.
Analog Devices forecast third-quarter revenue and profit above Wall Street expectations on Thursday, betting on upbeat demand for its chips used in the automotive and industrial sectors.
Analog Devices, Inc (NASDAQ:ADI) shares are trading higher in the premarket session on Thursday after the company reported fiscal second-quarter results. The company’s quarterly revenue increased 22% year-on-year to $2.
This was the stock's fourth consecutive day of losses.
Analog Devices, Inc. engages in the design, manufacture, testing, and marketing of integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South ...
On May 22, Tristan Gerra of Robert W. Baird maintained a Buy rating on Analog Devices, Inc. (NASDAQ: ADI) with a price target of $250, after the company reported its fiscal second-quarter results for 2025.