Reported 2 days ago
Analog Devices outperformed Wall Street's first-quarter revenue and profit expectations, reporting $2.4 billion in revenue, driven by a 19% increase in consumer segment sales, primarily from AI-driven devices, premium smartphones, and smart home products. The company anticipates continued growth in Q2, projecting revenue of $2.50 billion, influenced by automations in several industries and the demand for electric vehicles.
Source: YAHOO