Thursday, 25 May 2023

Analog Devices (ADI) Q2 2023 Earnings: Key financials and quarterly highlights

by Earn Media

Analog Devices, Inc. (NASDAQ: ADI) reported second quarter 2023 earnings results today.

Analog Devices (ADI) Q2 2023 Earnings: Key financials and quarterly highlights

Revenue was $3.26 billion, up 10% year-over-year, led by strength in Industrial and Automotive.

Net income was $977.6 million, or $1.92 per share, compared to $783.2 million, or $1.49 per share, last year. Adjusted EPS rose 18% to $2.83.

For the third quarter of 2023, the company expects revenue of $3.10 billion, plus or minus $100 million and adjusted EPS of $2.52, plus or minus $0.10.

Prior performance

Analog Devices Q1 2023 earnings infographic

The post Analog Devices (ADI) Q2 2023 Earnings: Key financials and quarterly highlights first appeared on AlphaStreet.

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