The chipmaker also forecast third-quarter sales and profits largely above the analyst consensus.
CFO Richard Puccio also said that the company saw “improving demand signals” across its business in the quarter, which “reinforce our view that we are in a cyclical upturn.”
Some of their chips end up in automobiles. I wonder if ADI’s good fortune bodes well for the auto industry? Unfortunately, the article gives no break down of ADI’s sales.