Analog Devices projects strong second quarter growth as AI demand fuels chip sales
Analog Devices projected second-quarter results above Wall Street estimates on Wednesday as the AI boom fuels chip sales. Shares rose 8% in premarket trading.
Insights:
Analog Devices, Inc. announced on February 18, 2026, that it expects second-quarter revenue of $3.5 billion, plus or minus $100 million, and adjusted earnings per share of $2.88, plus or minus $0.15. This guidance significantly exceeded analyst estimates, which had projected revenue of $3.23 billion and earnings per share of $2.31. The company attributed the optimistic outlook to robust demand from industrial customers and data center customers, specifically linked to the ongoing global artificial intelligence buildout.
