Analog Devices (ADI) Sees AI Data Center Orders Surge Is Its Automation Story Quietly Evolving?

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Analog Devices (ADI) has reported a 30% quarterly revenue growth and expects record Q2 revenue of $3.50 billion, primarily driven by strong industrial demand and a surge in AI data center orders. The company’s management attributes this growth to genuine end-market demand rather than temporary restocking, reinforcing its existing investment narrative around industrial automation, automotive, and AI infrastructure. This growth supports bullish analyst forecasts and is accompanied by an 11% dividend increase, extending a 22-year streak of higher payouts.

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