Analog Devices IncAnalog Devices beat revenue estimates by 3% and grew 37.2% YoY, the fastest in the group.
Analog semiconductors stocks delivered a strong first quarter, with the 15 companies tracked by StockStory collectively beating analysts' revenue estimates by 1.5% and providing next-quarter revenue guidance that was 5.7% above expectations. Analog Devices led the group with the fastest revenue growth, reporting $3.62 billion, up 37.2% year on year and exceeding estimates by 3%. Texas Instruments posted the biggest analyst estimate beat, with revenues of $4.83 billion, up 18.6% year on year and surpassing expectations by 6.6%. Universal Display was the weakest performer, with revenues of $142.2 million, down 14.5% year on year and missing estimates by 11%. Monolithic Power Systems and Microchip Technology also topped expectations, with revenues of $804.2 million and $1.31 billion, respectively. Since reporting, analog semiconductor stocks have risen 22.4% on average.
Analog Devices IncAnalog Devices beat revenue estimates by 3% and grew 37.2% YoY, the fastest in the group.
Texas Instruments IncorporatedTexas Instruments posted the biggest analyst estimate beat, with revenues up 18.6% YoY and 6.6% above expectations.
Microchip Technology IncMicrochip Technology topped revenue expectations with $1.31 billion.
Monolithic Power Systems IncMonolithic Power Systems beat revenue estimates with $804.2 million.
Universal DisplayUniversal Display missed revenue estimates by 11% and revenues fell 14.5% YoY.