Analog Devices rises after forecasting Q4 revenue above estimates
19/08/2026 12:14
BUZZ-Analog Devices rises after forecasting Q4 revenue above estimates ** Shares of chipmaker Analog Devices ADI.O up 1.7% at $382.26 premarket
** ADI expects Q4 revenue to be $4.3 billion, +/- $100 million, vs. Wall Street est. of $4.07 billion, according to data compiled by LSEG
** Co says its Q3 revenue rose 40% to $4.02 billion, compared to analysts' estimates of $3.92 billion
** "Demand continued to strengthen across our product portfolio and regions throughout the third quarter, which is reflected in our record fourth-quarter outlook," CFO Richard Puccio
** Up to last close, stock up ~39% this year
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))
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