Analog Devices Forecasts Strong Revenue on AI Demand
The chipmaker expects third-quarter revenue of $3.9 billion, surpassing analyst estimates. Growth is driven by AI infrastructure and automotive demand.
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ANALOG DEVICES INC forecast third-quarter revenue of $3.9 billion on Tuesday, exceeding analyst estimates of $3.62 billion. The outlook follows a $1.5 billion cash acquisition of Empower Semiconductor to expand its AI power management portfolio. Rising AI infrastructure spending is driving record bookings across Analog Devices' industrial and automotive semiconductor segments.
