3 Key Takeaways From Analog Devices’ Q2 Results

Shares of Analog Devices (NASDAQ: ADI) shot up to multiyear highs after the company's second-quarter results blew past expectations. The analog semiconductor specialist was in hot water earlier this year after Rosenblatt Securities analyst Jun Zhang pointed out that it might lose its Force Touch spot in Apple's (NASDAQ: AAPL) next iPhone because of cost cuts at Cupertino.But Analog's latest results and guidance have put any apprehensions to rest, as they have clearly boosted investor sentiment, thanks to the growing strength of its industrial and automotive businesses.

BING NEWS:
  • Analog Devices Results Boosted by Higher Demand for Automotive Chips
    Analog Devices sees first-quarter 2025 adjusted EPS of $1.53, plus or minus $0.10, slightly below forecasts. It predicts revenue of $2.35 billion, plus or minus $100 million, in line with expectations ...
    11/26/2024 - 2:26 am | View Link
  • Preview: Analog Devices's Earnings
    Analysts are estimating that Analog Devices will report an earnings per share (EPS) of $1.64. The announcement from Analog Devices is eagerly anticipated, with investors seeking news of surpassing ...
    11/25/2024 - 12:01 am | View Link
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