Bernstein upgraded Analog Devices (ADI) from Market Perform to Outperform following the company's record Q3 revenue of $4.02 billion, a 39.2% increase year-over-year and the first quarter surpassing $4 billion. The growth is fueled by strong demand in the Industrial and Communications segments, especially for AI data center chips. Analog Devices' Industrial segment, the largest contributor, grew sales by 53% to $1.97 billion. The company expects continued strong performance in Q4, supported by ongoing AI-driven demand for power-management chips.
Analog Devices posted strong fiscal Q3 2026 results with $4.02 billion in revenue, a 40% increase year-over-year, driven by demand in Data Center and Industrial sectors. Operating cash flow reached $5.5 billion over the trailing twelve months, with f...
Next week, key retail earnings from Walmart, Target, and Home Depot will provide insights into the health of the U.S. consumer amid high borrowing costs and a slow housing market. Home Depot's report will highlight home improvement demand, Target's w...
