Latest news with #analogchips
CNA
22-05-2025
- Automotive
- CNA
Analog Devices forecasts upbeat quarterly revenue on auto, industrial demand
Analog Devices forecast third-quarter revenue and profit above Wall Street expectations on Thursday, betting on upbeat demand for its chips used in the automotive and industrial sectors, lifting its shares more than 3 per cent in premarket trading. The analog chip industry is seeing a gradual recovery in key sectors such as automotive and industrial, with demand also boosted by shipments of personal electronics being pulled forward amid the U.S.' shifting tariff policies. "Against a backdrop of global trade volatility, our performance reflects the ongoing cyclical recovery," CEO and Chair Vincent Roche said. Analog Devices projected third-quarter revenue of $2.75 billion, plus or minus $100 million, above estimates of $2.62 billion, according to data compiled by LSEG. It forecast adjusted per-share earnings of $1.92, plus or minus 10 cents, above Wall Street estimates of $1.83 per share. Companies are also seeing a revival in analog chip demand after several quarters of clearing inventory that had accumulated during the pandemic. Peer Texas Instruments also forecast second-quarter revenue above Wall Street estimates last month. For the second quarter ended May 3, the company reported revenue rose 22 per cent to $2.64 billion, beating analysts' estimate of $2.51 billion. Analog Devices supplies semiconductors across sectors including automotive, industrial automation and consumer electronics and counts companies such as Boeing among customers. The industrial unit, its biggest by revenue share, saw sales rise 17 per cent to $1.16 billion, while automotive sales rose 24 per cent to $849.5 million in the quarter. Sales at the consumer unit, which features chips for personal electronics, rose 30 per cent. Global shipments of personal computers rose 9.4 per cent in the first quarter of this year as PC makers boosted consignments to the United States in anticipation of sweeping tariffs, according to data from research firm Canalys.
CNA
22-05-2025
- Automotive
- CNA
Analog Devices forecasts third-quarter results above estimates
Analog Devices forecast third-quarter revenue and profit above Wall Street expectations on Thursday, betting on upbeat demand for its chips used in the automotive and industrial sectors. The Wilmington, Massachusetts-based chipmaker projected third-quarter revenue of $2.75 billion, plus or minus $100 million, above estimates of $2.62 billion, according to data compiled by LSEG. It also forecast adjusted per-share earnings of $1.92, plus or minus 10 cents, which was above Wall Street estimates of $1.83 per share. Shares of the company rose 2.5 per cent in premarket trading. The analog chip industry is seeing a gradual recovery in demand from key sectors such as automotive and industrial demand, while demand for AI-upgraded devices has also boosted orders from the consumer electronics segment. Chip companies such as Texas Instruments, Onsemi and Microchip Technology have also reported a relatively steady performance in recent quarters. Analog Devices supplies semiconductors across sectors including automotive, aerospace, industrial automation and consumer electronics and counts companies such as Boeing and Siemens among customers. For the second quarter ended April 30, the company reported revenue rose 22 per cent to $2.64 billion, beating analysts' estimate of $2.51 billion.
Reuters
07-05-2025
- Business
- Reuters
Skyworks forecasts upbeat third-quarter results; appoints new CFO
May 7 (Reuters) - Apple supplier Skyworks Solutions (SWKS.O), opens new tab on Wednesday forecast third-quarter revenue and profit above Wall Street estimates, signaling resilient demand for its analog chips despite ongoing trade tensions. Separately, the company announced that Mark Dentinger will take over as chief financial officer, effective June 2, succeeding Kris Sennesael, who will step down effective Friday, to pursue another opportunity. Dentinger was earlier the CFO at data management firm Veritas. Shares of the California-based company were up 2.7% in extended trading. "We remain encouraged by ongoing momentum in our broad markets that is on track for another quarter of sequential growth and improving year-over-year trends," the company said. It added that the mobile business is expected to decline in the low single digits sequentially. Skyworks forecast third-quarter revenue to be between $920 million and $960 million, with the mid-point higher than analysts' estimate of $922 million, according to data compiled by LSEG. It also forecast an adjusted profit of $1.24 per share for the June quarter, above analysts' average estimate of $1.06 per share. Skyworks, which competes with chip firms such as NXP Semiconductors (NXPI.O), opens new tab, Qorvo (QRVO.O), opens new tab and Texas Instruments (TXN.O), opens new tab, designs and manufactures analog and mixed-signal chips used in wireless communication, automotive, industrial and consumer electronics. Skyworks' revenue in the second quarter was $953 billion, beating analysts' estimates of $951.5 million. It reported adjusted profit per share of $1.24, exceeding estimates of $1.20.
