Analog Devices, Inc.: AI and Machine Learning In Data Centers As A Massive Growth Catalyst! 

Analog Devices Inc.’s Q1 2024 earnings reflected a mixed performance amidst challenging global economic conditions, as well as the potential for future growth and leadership in the intelligent edge era. The company reported its revenues above the midpoint of their outlook at more than $2.5 billion, backed by operating margins of 42% and an earnings per share of $1.73. While these figures are positive, the call also acknowledges an existing inventory rationalization at customers which began in mid-2023 and is expected to continue through Q2.