Chipmaker Analog Devices beats second-quarter revenue estimates
ReutersMay 22, 2025 11:09 AM
May 22 (Reuters) - Analog Devices ADI.O beat Wall Street expectations for quarterly revenue on Thursday, driven by upbeat demand for its chips used in the automotive and industrial sectors.
The Wilmington, Massachusetts-based chipmaker said its second-quarter revenue rose 22% to $2.64 billion, beating analysts' estimate of $2.51 billion, according to data compiled by LSEG.
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