Analog Devices Inc. (ADI) reported strong fiscal first-quarter results, with profits of $830.8 million, or $1.69 per share, and adjusted earnings of $2.46 per share, exceeding analyst expectations. The semiconductor maker also surpassed revenue forecasts, posting $3.16 billion. Looking ahead, the company provided an optimistic outlook for the fiscal second quarter, expecting per-share earnings between $2.73 and $3.03 and revenues ranging from $3.4 billion to $3.6 billion.
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Analog Devices: Fiscal Q1 Earnings Snapshot
Analog Devices Inc. (ADI) reported strong fiscal first-quarter results, with profits of $830.8 million, or $1.69 per share, and adjusted earnings of $2.46 per share, exceeding analyst expectations. The semiconductor maker also surpassed revenue forecasts, posting $3.16 billion. Looking ahead, the company provided an optimistic outlook for the fiscal second quarter, expecting per-share earnings between $2.73 and $3.03 and revenues ranging from $3.4 billion to $3.6 billion.