10 Stocks Stand Strong Amid Cautious Market Environment

7. Analog Devices, Inc. (NASDAQ:ADI)

Analog Devices, Inc. (NASDAQ:ADI) extended its winning streak for a fifth straight day, ending Wednesday’s session higher by 9.74 percent to close at $241.66 apiece after beating analyst estimates on its earnings performance.

During the first quarter of fiscal year 2025, ADI said it achieved earnings per share of $1.63 versus the $1.54 consensus estimate.

However, net income for the period dropped by 15 percent to $391 million from the $462 million reported in the same period last year, as revenues declined by 4 percent to $2.4 billion from $2.5 billion.

For the next quarter, ADI expects to book revenues of $2.5 billion, plus or minus $100 million, while EPS is pegged at $1.68, plus or minus $0.10.

ADI is a global semiconductor leader that bridges the physical and digital worlds to enable breakthroughs at the Intelligent Edge. It combines analog, digital, and software technologies into solutions that help drive advancements in digitized factories, mobility, and digital healthcare, among others.