🔴 ADI is trading 5.6% down today, reversing gains despite a Q2 beat, strong guidance, and a $1.5B AI-focused acquisition

ADI is trading 5.6% down at $391.25 in a post-earnings reversal, as investors sell the news despite a strong report and a strategic acquisition.

• Analog Devices reported Q2 revenue of $3.62 billion and adjusted EPS of $3.09, both exceeding analyst expectations.
• The company also announced the $1.5 billion acquisition of Empower Semiconductor to bolster its power management portfolio for the AI data center market.
• ADI issued strong Q3 guidance, forecasting revenue between $3.8 billion and $4.0 billion, well above the consensus estimate of $3.62 billion.