Analog Devices (ADI) Tops Q2 EPS by 8c, Offers Guidance

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Go back to Analog Devices (ADI) Tops Q2 EPS by 8c, Offers Guidance

Analog Devices (ADI) guidance disappoints Wall Street, shares sink

May 24, 2023 3:20 PM EDT

Shares of Analog Devices (NASDAQ: ADI), a chipmaker specializing in integrated circuits used in analog and digital signal processing, declined by over 8% after the company reported second quarter results.

Analog Devices earnings per share and revenue topped consensus, but its forecast for the third quarter came in below expectations, disappointing Wall... More