Analog Devices' Q2 Beats Expectations

Analog Devices Q1 results surpassed expectations, with revenue of $3.08 billion and adjusted EPS of $2.26. Key sectors like industrial, automotive, and communications drove growth, aided by R&D focus and new product launches. AI, automation, and energy management were highlighted as growth areas. Despite strong performance, gross margins remained stable due to a shift towards automotive products. The company will monitor industrial and data center growth, as well as margin performance, and expects Maxim integration to boost momentum.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.