Analog Devices’ Upcoming Q2 Earnings Preview 
<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/ADI'>Analog Devices (NASDAQ:ADI)</a> ahead of the upcoming Q2 earnings, scheduled on May 24.</p>
<p>The analysts see an in-line setup to Q2 Street sales/EPS estimates of $3.2 billion/$2.75 but stand cautious on Q3 as semi correction progresses. </p>
<p>Counter to peers, management posted beat/raise results led by auto/industrial. Industrial (52% of total revenue) was up 26% year-over-year in Q1 led by automation, sustainable energy, instrumentation, and test. Auto (22% of total revenues) up 30% year-over-year in Q1. According to the analysts, Q2 is expected up slightly.</p>

NASDAQ:ADI