Analog Devices (NASDAQ:ADI) reported its Q2 earnings results on Wednesday, May 18, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Analog Devices beat estimated earnings by 13.74%, reporting an EPS of $2.4 versus an estimate of $2.11.
Revenue was up $1.31 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.17 which was followed by a 4.7% drop in the share price the next day.
Here's a look at Analog Devices's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.77 | 1.70 | 1.62 | 1.45 |
| EPS Actual | 1.94 | 1.73 | 1.72 | 1.54 |
| Revenue Estimate | 2.60B | 2.31B | 1.71B | 1.61B |
| Revenue Actual | 2.68B | 2.34B | 1.76B | 1.66B |
To track all earnings releases for Analog Devices visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
