From Yahoo Finance: 2025-05-23 15:17:00

Analog Devices, Inc. (NASDAQ: ADI) saw an increase in quarterly revenue by 22% to $2.64 billion, beating analyst estimates. Adjusted EPS of $1.85 also surpassed expectations. The company expects revenue for the fiscal third quarter to be between $2.65 billion and $2.85 billion, with adjusted EPS projected at $1.82-$2.02.

Analysts at Cantor Fitzgerald, Benchmark, Needham, and JP Morgan weighed in on Analog Devices’ performance. Cantor Fitzgerald noted a solid beat and raise, with a cyclical recovery in Industrials. Benchmark highlighted positive trends in bookings and revenue. Needham praised the company’s results and guidance exceeding expectations. JP Morgan emphasized continued cyclical recovery trends.

Analog Devices’ quarterly results and outlook were considered positive by analysts. Strength was seen across most end markets, with notable growth in the auto and industrial sectors. Despite some challenges ahead, analysts remain optimistic about the company’s performance moving forward. The stock is currently trading at $210.35.

Overall, analysts are positive about Analog Devices’ performance, noting strong revenue growth and positive outlook. The company’s resilience in various sectors, including auto and industrial, bodes well for future growth. Despite some challenges, the company’s solid results and guidance have analysts optimistic about its future prospects.

Read more: Analog Devices Powers Past Estimates, But Shares Cool As Q2 Beat Masks Margin Pressure