Analog Devices' (ADI) results for the fiscal second quarter are hurt by weakness across the industrial, communications, automotive and consumer markets.
Analog Devices (ADI) shares soared to a record high Wednesday after the semiconductor maker posted better-than-expected results and guidance as inventory backlogs eased.
The headline numbers for Analog Devices (ADI) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Analog Devices expects fiscal third-quarter revenue of $2.27 billion, plus or minus $100 million. The forecast tops analysts' estimates.
Chipmaker Analog Devices beat Wall Street's targets for its fiscal Q2 and guided higher than views for the current period.
Analog Devices forecast third-quarter revenue above Wall Street expectations on Wednesday, helped by a rise in demand for its automotive and industrial chips after a prolonged slump.
When considering the best stocks for the next decade of investing, it's important to remember one thing: no one has a crystal ball. While past performance can help characterize a company up until its present-day trading price, nothing or no one can perfectly predict what a company's future performance will be.
Analog Devices' (ADI) performance in second-quarter fiscal 2024 is likely to have been affected by softness in the industrial, consumer and communication markets.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Analog Devices (ADI), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended April 2024.