Analog Devices just smashed quarterly earnings with $3.62 billion in revenue—up 37.2% year over year—beating Wall Street’s expectations on both top and bottom lines. Analysts are bullish, projecting another strong 36.2% growth next quarter, up from last year’s 24.6%. The company’s consistent outperformance, alongside rising stocks of rivals like Monolithic Power Systems and Impinj, is fueling momentum in the analog chip sector, which has surged 8.2% in the past month. Analog Devices is up 5.1% and trading below its $457.73 price target—making it a compelling watch as demand for analog semiconductors remains robust.
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