Analog Devices Inc (ADI) Sees 37% YoY Revenue Growth, Price Target Raised
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowAnalog Devices Inc (ADI) reported fiscal Q2 2026 revenue of $3.62 billion, exceeding analysts' expectations of $3.50 billion, representing a 37% year-over-year increase. Adjusted EPS rose to $3.09 from $1.85 a year ago, surpassing the consensus estimate of $2.92. On May 26, Argus increased its price target for ADI shares to $460, up from $400, maintaining a Buy rating. The growth was driven by strong performance in communications and industrial sectors, with sales in three of ADI's four end markets showing double-digit percentage increases.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Analog Devices Inc. (ADI)
Analog Devices makes analog and mixed-signal chips.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier ADI news
- Analog Devices (ADI) Shares Up 81% Yearly; Raised Price Targets
- Analog Devices (ADI) in Talks to Acquire Empower Semiconductor for $1.5B
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