Analog Devices Poised For Modest Growth On Industrial Strength And Lean Inventories: Analyst

Core Viewpoint - Investors are focusing on Analog Devices Inc. ahead of its quarterly report, with expectations on automotive and industrial demand trends [1][2] Group 1: Earnings Expectations - Anticipation is building for Analog Devices' earnings due to lean inventories and disciplined channel management, positioning the company for modest growth despite mixed signals from peers [1][2] - Goldman Sachs analyst James Schneider maintains a Buy rating with a price forecast of $285 [1] Group 2: Revenue and Growth Projections - Schneider anticipates a revenue upside of about 2% for the quarter, with modest quarter-over-quarter growth supported by industrial resilience [3] - New fiscal 2028 estimates project adjusted EPS forecasts for fiscal 2026, 2027, and 2028 to be 4%, 3%, and 8% above Street consensus, respectively [4] Group 3: Segment Insights - The company is expected to provide clarity on revenue contribution and margin implications within the Automotive and Industrial segments [5] - Management's discussion on inventory practices is crucial, as Analog Devices maintains leaner channel inventories while holding higher balance-sheet stock levels [5] Group 4: Long-term Outlook - Despite potential near-term caution in automotive demand, Schneider maintains a constructive long-term view, expecting Analog Devices' fundamentals to outperform peers [6] - Fourth-quarter revenue is expected to be $3.08 billion with an EPS of $2.32 [6]