Analog Devices Stock News

We maintain our hold rating on Analog Devices, even after investors' positive reaction to 3Q24 results and outlook for sequential growth. We think the worst of the slump might be over, but the rally isn't here yet. Management's commentary on the industrial and auto-markets (which account for 75% of total sales) confirms a muted demand environment at the back end of the year.

Analog Devices' stock jumped 6% after reporting strong Q3 earnings. CFO Rich Puccio's earnings call comments regarding the auto industry tempered the market reaction.

Analog Devices, Inc. (NASDAQ:ADI ) Q3 2024 Earnings Conference Call August 21, 2024 10:00 AM ET Company Participants Michael Lucarelli - Vice President, Investor Relations and FP&A Vincent Roche - Chief Executive Officer and Chair of the Board of Directors Richard Puccio - Executive Vice President and Chief Financial Officer Conference Call Participants Tore Svanberg - Stifel Joseph Moore - Mor...

Analog Devices (NASDAQ: ADI ) just reported results for the third quarter of 2024. Analog Devices reported earnings per share of $1.58.

Analog Devices (ADI) shares advanced in intraday trading Wednesday after the semiconductor maker posted better-than-expected results as it benefited from a rebound in the industry.

Analog Devices forecast fourth-quarter revenue and profit above Wall Street expectations on Wednesday, as it benefits from returning demand for its chips used in consumer electronics.

The semiconductor company reports third-quarter adjusted earnings of $1.58 a share, beating Wall Street estimates of $1.51.

Chipmaker Analog Devices beat Wall Street's targets for its fiscal Q3 and guided modestly higher than views for Q4.