Analog Devices , Inc . ( ADI ) Anticipates Q3 Revenue Above Estimates
Reuters reported that Analog Devices forecast Q3 revenue above estimates, citing growing AI infrastructure demand. The company guided to about $3.9 billion (±$100 million) versus LSEG’s $3.62 billion and adjusted EPS of $3.30 (±$0.15) versus $3.00. Q2 revenue and EPS also beat estimates, and CFO Richard Puccio cited record bookings. Reuters also said ADI will buy Empower Semiconductor for about $1.5 billion in cash.