Analog Devices Exceeds Q2 Expectations, Signals Market Recovery

The chipmaker forecasts higher third-quarter revenue and earnings amid stabilizing demand.

Analog Devices reported Q2 earnings of $1.40 per share on $2.16 billion in sales, beating Wall Street estimates.
The company anticipates Q3 revenue of $2.27 billion, surpassing analyst expectations.
CEO Vincent Roche cited inventory stabilization and new orders as signs of a cyclical recovery.
Industrial chip sales accounted for 47% of Q2 revenue, with automotive chips contributing 30%.
ADI stock rose 6.5% in premarket trading, reaching a record high.