You know the chip slowdown is getting bad when Analog Devices starts to feel it.
That feeling is ever so slight at the moment. The chip maker’s fiscal third-quarter results Wednesday morning set records, with revenue jumping 77% year over year to top $3 billion for the first time, and adjusted per-share earnings jumping 47% to a record of $2.52. The results also exceeded Wall Street’s forecasts, maintaining a strong track record in which ADI has only slightly missed analysts’ quarterly top-line projections twice in the past five years, according to FactSet.
