Analog Devices Delivers $3.62B Quarter, Acquires Empower Semiconductor to Boost AI
TXN•TXN•TXN•TXN•Analog Devices delivered a record quarter with $3.62B revenue, driven by 56% industrial growth and 90% data-center sales, and announced the purchase of Empower Semiconductor. Shares jumped 5.4% as ADI's five-year S&P correlation stands at 0.72, capturing 137% of market gains while absorbing 85% of losses.
Analog Devices reported Q2 revenue of $3.62 billion, fueled by a 56% year-over-year jump in its industrial segment and a 90% surge in data-center sales, driving a 5.4% stock rally over the week.
Over the past five years, ADI's stock has shown a 0.72 correlation with the S&P 500, capturing 137% of daily market gains while cushioning 85% of losses, highlighting its potential to amplify upside and dampen downside.
The company acquired Empower Semiconductor to expand its AI power-management offerings. Despite a 73% gross margin in Q2, management expects a slight margin decline in Q3 as factory utilization nears capacity.
