Analog Devices Reports Q3 Non-GAAP EPS of $3.45, Exceeding Estimates
Analog Devices (NASDAQ: ADI) reported third-quarter non-GAAP earnings per share (EPS) of $3.45, surpassing estimates by $0.11. The company also generated revenue of $4.02 billion in the quarter, a year-over-year increase of 39.6%, which beat expectations by $90 million. The strong performance was driven primarily by growth in its Data Center and Industrial segments. Analog Devices provided guidance for the fourth quarter but did not specify further details at this time.
Tickers: $ADI
Topics: Data Center Earnings Industrial Revenue Growth