Analog Devices’ (ADI) fiscal second quarter earnings beat the Zacks Consensus Estimate by a couple of cents. Revenue exceeded the consensus by 1.4%. Revenue Analog Devices generated revenue of $675.1 million, which was up 4.2% sequentially, down 14.6% year over year and just over management’s revenue guidance range of $655-$675 million (a 1-4% sequential increase). Revenue by End Market The industrial market generated 48% of Analog Devices’ total revenue (up 11.8% sequentially and down 16.4% year over year). This is a very diversified market for Analog Devices, including the industrial automation, instrumentation, energy, defense and healthcare segments.While each sub-segment grew in the last quarter, instrumentation and energy were up over 20% each. The strong sequential performance is partly on account of positive seasonality and partly driven by improving market conditions,
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