Analog Devices Reports Record Revenue on AI Data Center Demand
On Wednesday, Analog Devices revealed a 40% rise in its fiscal third-quarter revenue, totaling $4.02 billion compared to the previous year. This surge was driven by robust demand for chips used in data centers and industrial applications. Additionally, the company provided a record forecast for its fourth quarter, indicating ongoing growth. These results underscore the increasing significance of AI infrastructure in boosting semiconductor sales.
Key facts
- Analog Devices reported fiscal third-quarter revenue of $4.02 billion.
- Revenue rose 40% compared to the same quarter a year earlier.
- The report was released on Wednesday.
- Demand for data center and industrial chips drove the growth.
- The company set a record outlook for its fourth quarter.
- The results are tied to AI data center demand.
- Analog Devices trades under the ticker ADI.
- The earnings report signals continued strength in the semiconductor sector.
Entities
Institutions
- Analog Devices
Sources
- Quartz —