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Analog Devices Sees Revenue at High-End of Its Quarterly Forecast

  • Company can maintain gross margin above 70%, CFO says
  • Customers want more inventory of chips, demand still strong
Corrected

Analog Devices Inc. said revenue in the current period may exceed its previous forecast range, indicating that demand remains strong and downplaying concerns that customers are stockpiling inventory. 

Chief Financial Officer Prashanth Mahendra-Rajah said Tuesday that the chipmaker’s sales growth is trending toward the higher end of its guidance for the fiscal second quarter and may beat the target of $2.8 billion, plus or minus $100 million.