U.S. Markets closed

Analog Devices sees automotive business getting stronger

On the Q3 earnings call, the company noted that automotive was a little down in Q3 after "a really big second quarter." The company also noted that the industrial business has shown some momentum and good results in Q2 that should continue to grow in Q3 albeit a little bit weighted down by the defense business. The company also mentioned that they are starting to see spending by the carriers to build-out their networks and that looks like it's going to continue into Q4.