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ADI / Analog Devices Well-Placed For The Long Term, But Look To Be Opportunistic

Analog Devices' fiscal third quarter showed the first sequential revenue decline in years, with Industrial, Auto, and Communications all down from the prior quarter. Management guided to a worse-than-expected 12% sequential decline in Q4'23 revenue and believes it will take two to three quarters to work through excess inventories. While there are risks of a steeper trough cycle, including weakness in China, ADI has numerous attractive drivers across the next decade, including strong leverage to automation, digitalization, and electrification. Read More

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Posted: Aug 25 2023, 14:22

Author Name: Seeking Alpha

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