Analog Devices Reports Strong Q3 Earnings, Sees Chip Sector Recovery

Company beats profit and sales estimates, anticipates continued growth despite economic uncertainties.

• Analog Devices' Q3 adjusted EPS of $1.58 and revenue of $2.31 billion exceeded analyst expectations.
• Revenue gains were noted in the Industrial, Consumer, and Communications units, despite a year-over-year decline.
• CFO Richard Puccio highlighted improved customer inventory levels and order momentum as signs of recovery.
• The company projects Q4 revenue of $2.40 billion and adjusted EPS of $1.63, surpassing Wall Street forecasts.
• Shares of Analog Devices have risen significantly, reflecting investor confidence in the recovery.

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