Analog Devices, Inc. announced its financial results for second fiscal quarter ended May 5, 2018. Revenue for Q2 2018 was $1.51 billion, an increase of 32%, compared to $1.14 billion in Q2 2017. Net income for Q2 2018 was $379.8 million, compared to $93.5 million in Q2 2017.
In this quarter, Analog Devices saw significant growth in the industrial, automotive and communication business segments whereas the onsumer segment saw a 6% decline in revenues YoY. Industrial revenues increased by 47% to $788.2 million, while the revenues of the automotive segment reached to $238.8 million, an increase of 28% whereas revenues of the communications segment increased by 34% to $287.8 million.
Looking forward to outlook for third quarter 2018, revenues are expected to be in the range of $1.47 billion to $1.55 billion.
