Analog Devices Q3 Net Income Rises 32% Beats Estimates

Analog Devices reported strong fiscal third-quarter results, with net income rising to $518.5 million and earnings per share (EPS) increasing to $2.05, surpassing analyst expectations of $1.95. Revenue for the quarter reached $2.88 billion, also beating the consensus estimate of $2.76 billion. The company's shares rose over 2% in premarket trading following the earnings announcement. Looking ahead, Analog Devices forecasted fourth-quarter EPS between $2.12 and $2.32 and revenue in the range of $2.90 billion to $3.10 billion, both above Wall Street's estimates. The stock has shown positive momentum with a 9.49% increase over the last three months. Overall, the company’s financial health is rated as fair, with multiple recent positive EPS revisions reflecting investor confidence.