Analog Devices Inc. (ADI) reports strong revenue growth in second quarter.

From Yahoo Finance: 2025-06-14 13:51:00

Analog Devices Inc. (NASDAQ:ADI) is listed as one of the 8 Biggest EV Stocks to Watch in 2025. Bernstein analyst Stacy Rasgon maintained a Hold rating on ADI with a $220.00 price target. The company’s shares closed at $227.66 yesterday.

Analog Devices Inc. (NASDAQ:ADI) reported second-quarter fiscal revenue of $2.64 billion, a 9% sequential increase surpassing projections. Fiscal third-quarter revenue guidance of $2.75 billion exceeded FactSet estimates, with growth in all end markets.

ADI is a key player in analog, mixed-signal, and digital signal processing chips, dominating the converter chip market. They serve a vast customer base, with industrial and automotive sectors driving over half of chip sales.

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Read more: Bernstein Maintains a Hold Rating on Analog Devices Inc. (ADI).