Analog Devices, Inc. (ADI) Anticipates Q3 Revenue Above Estimates

Analog Devices, Inc. (NASDAQ:ADI) is one of the 10 Best Performing Quantum Computing Stocks So Far in 2026.

On May 20, Reuters reported that Analog Devices, Inc. (NASDAQ:ADI) forecast Q3 revenue above estimates, showing growing artificial intelligence infrastructure demand.

The company guided to roughly $3.9 billion, plus or minus $100 million, above LSEG predictions of $3.62 billion, while expecting adjusted EPS of $3.30, plus or minus $0.15, ahead of $3.00 estimates, Reuters said. The second quarter was solid with revenue exceeding $3.62 billion, beating $3.51 billion projections, and adjusted EPS reaching $3.09, topping $2.90.

CFO Richard Puccio said the firm saw “growing demand” and “record bookings” across industrial, automotive, and communications markets.

Analog Devices, Inc. (ADI) Anticipates Q3 Revenue Above Estimates

Alongside the outlook, on the same day, Reuters reported that Analog Devices, Inc. (NASDAQ:ADI) said it will acquire Empower Semiconductor for about $1.5 billion in cash to expand its AI-focused power portfolio. Empower CEO Tim Phillips claimed the firm handles “the hardest problem in AI power delivery.”

Analog Devices, Inc. (NASDAQ:ADI) is a semiconductor business that brings together analog, digital, and software technologies into engineering solutions.

While we acknowledge the risk and potential of ADI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ADI and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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