Analog Devices (ADI) to withdraw outlook

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Go back to Analog Devices (ADI) to withdraw outlook

Analog Devices Provides a Business Update Related to COVID-19

March 26, 2020 8:00 AM EDT

NORWOOD, Mass.--(BUSINESS WIRE)-- Analog Devices, Inc. (Nasdaq: ADI) today provided a business update related to the coronavirus (COVID-19) pandemic.

The economic and social effects caused by COVID-19 are currently creating supply chain disruption and uncertainty around future demand. While customer demand in the quarter has been resilient, it has become increasingly difficult to quantify and forecast the business impact of COVID-19. As a result, ADI believes it is prudent to withdraw the companys outlook for the fiscal second quarter, ending May 2, 2020.

During this rapidly evolving situation,... More