Analog Devices expects a stronger-than-anticipated second quarter, as surging demand from industrial and data center sectors continues to be driven by the artificial intelligence boom.
The Massachusetts-based chipmaker forecast revenue of approximately $3.5 billion for the second quarter, exceeding analysts’ expectations of $3.23 billion. Adjusted earnings are also projected to come in above estimates, highlighting growing momentum in semiconductor demand tied to AI infrastructure.
Heavy investment in data centers to support generative AI workloads has become a key growth driver for the company. Expanding hyperscaler capacity is helping offset broader macroeconomic and geopolitical uncertainties.
Chief Financial Officer Richard Puccio noted that the company’s outlook reflects a new performance high point, supported by both cyclical recovery and long-term structural growth trends linked to AI adoption.
Analog Devices also reported first-quarter revenue of $3.16 billion, slightly ahead of market forecasts.
