Analog Devices Inc. (NASDAQ:ADI) is a leading supplier of analog and DSP integrated circuits. ADI is solidly positioned in growth markets like industrial, auto and communication. Also its products continue to see very strong deployment in the emerging automotive market. The company has a well-diversified business and an end-market focus that guarantee relatively steady revenues throughout the year.
Analog Devices has completed the acquisition of Linear Technology (NASDAQ:LLTC). The merger of these two companies is expected to create an analog industry leader across a huge range of products, customer breadth and scale.
The deal will significantly expand Analog Devices' total addressable market allowing it to cater to phenomenal demand in some of the most attractive markets such as industrial, automotive and communications infrastructure markets.
Analog Devices has been benefitting from strength across all the markets - industrial, automotive, consumer and communications, and increased focus on innovation and operational execution. While its investments are aimed at strengthening the product line and countering increasing competition, the policy of returning cash through dividends and share buybacks is likely to ensure investor loyalty.
Due to this, investors are eagerly awaiting Analog Devices’ earnings report in order to set the record straight and to give some guidance on where this company is heading and are these factors effectively contributing.
Analog Devices, Inc. Price
Over the past month, the stock has witnessed no estimate revisions for the to-be-reported quarter.
Currently, ADI has a Zacks Rank #3 (Hold), but that could definitely change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: ADI reported pro-forma earnings of $1.03 which exceeded The Zacks Consensus Estimate of 85 cents.
Revenue: Analog Devices beats on revenues. It posted revenues of $1.14 billion, compared to our consensus estimate of $1.09 billion.
Key Stats: The company’s top-line performance was positively impacted by stable industrial, automotive, consumer and communications infrastructure markets.
Check back later for our full write up on this ADI earnings report later!
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Analog Devices, Inc. (ADI): Free Stock Analysis Report
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