ADI News

Shares of Analog Devices (ADI) may be about to make a sizeable move. Some traders are on the sidelines waiting to see which way it will be.

Analysts from Oppenheimer, JPMorgan, Benchmark and Needham provide commentary on Analog Devices' latest earnings report.

Analog Devices, Inc. (NASDAQ: ADI) reports fiscal first-quarter results. Revenue declined 4% YoY, but beat analyst estimates. Adjusted EPS also beat analyst estimates. The company expects a return to growth in fiscal Q2 with strong demand in industrial and automotive sectors.

U.S. stock futures fell on Wednesday after scaling fresh records on Tuesday. The futures of all four benchmark indices were trading lower.

Analyst William Stein reports on CES 2025, highlighting strong AI infrastructure spending, benefiting Nvidia and increasing target for Analog Devices.

Tech stocks rise as Biden administration restricts China's access to AI chips from Nvidia. Trump targets Taiwan Semiconductor, analysts optimistic.

Wall Street experienced a muted session on Wednesday morning as traders adopted a cautious stance ahead of the Federal Reserve meeting minutes release at 2 p.m. EDT and Nvidia Corp.

Analog Devices saw a 34% decline in revenue but still beat analyst estimates with an adjusted EPS of $1.40. CEO Vincent Roche is optimistic about a return to growth in the third quarter due to inventory stabilization and new orders. ADI expects third-quarter revenue of $2.27 billion and adjusted EPS of $1.50.

Index futures are trading uniformly lower early Wednesday after the market’s resilient upward move in the previous session.

According to Benzinga Pro data Analog Devices (NASDAQ:ADI) posted a 4.38% decrease in earnings from Q2. Sales, however, increased by 4.64% over the previous quarter to $3.11 billion.

Analog Devices (NASDAQ:ADI) has outperformed the market over the past 10 years by 3.61% on an annualized basis producing an average annual return of 15.38%. Currently, Analog Devices has a market capitalization of $81.95 billion.