Recap: Analog Devices Q3 Earnings

Analog Devices ADI reported its Q3 earnings results on Wednesday, August 17, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

Analog Devices beat estimated earnings by 3.7%, reporting an EPS of $2.52 versus an estimate of $2.43.

Revenue was up $1.35 billion from the same period last year.

Last quarter the company beat on EPS by $0.29 which was followed by a 0.64% increase in the share price the next day.

Here's a look at Analog Devices's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	2.11	1.77	1.70	1.62
EPS Actual	2.40	1.94	1.73	1.72
Revenue Estimate	2.84B	2.60B	2.31B	1.71B
Revenue Actual	2.97B	2.68B	2.34B	1.76B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Analog Devices management provided guidance for Q4 2022, expecting earnings between $2.47 and $2.67 per share.

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.

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