Chipmaker Analog Devices, Inc. (ADI) reported net income for the second quarter of $164.5 million or $0.52 per share, compared to $162.9 million or $0.53 per share for the year-ago quarter.
Excluding items, adjusted earnings for the latest quarter were $0.52 per share.
Revenue for the second quarter fell to $659.25 million from $675.09 million in the same quarter last year.
Analysts polled by Thomson Reuters expected the company to earn $0.52 per share on revenue of $660.84 million for the second quarter.
Looking forward to the third quarter, the company forecast revenue of $655 million to $685 million and earnings of $0.51 to $0.56 per share. Analysts currently expect the company to earn $0.58 per share on revenue of $688.33 million for the third quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.