Analog Devices (ADI) announced a profit for its second quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $569.77 million, or $1.14 per share. This compares with $302.24 million, or $0.61 per share, last year.
Excluding items, Analog Devices reported adjusted earnings of $1.85 per share for the period.
Analysts on average had expected the company to earn $1.70 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 22.3% to $2.640 billion from $2.159 billion last year.
Analog Devices earnings at a glance (GAAP) :
-Earnings: $569.77 Mln. vs. $302.24 Mln. last year.-EPS: $1.14 vs. $0.61 last year.-Revenue: $2.640 Bln vs. $2.159 Bln last year.
-Guidance:Next quarter EPS guidance: $1.82 $2.02Next quarter revenue guidance: $2.65 - $2.85 Bln
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.