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Analog Devices Beats On Q2 As Inventory Rationalization Takes Effect, CEO Predicts Cyclical Recovery And Growth In AI Investments

Analog Devices saw a 34% decline in revenue but still beat analyst estimates with an adjusted EPS of $1.40. CEO Vincent Roche is optimistic about a return to growth in the third quarter due to inventory stabilization and new orders. ADI expects third-quarter revenue of $2.27 billion and adjusted EPS of $1.50.

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Federal Circuit Overturns GM’s Patent Win Against Auto-Parts Provider LKQ

General Motors Co. (NYSE: GM) faced a significant setback as the U.S. Court of Appeals for the Federal Circuit overturned a prior ruling in its favor against LKQ Corp. (NASDAQ: LKQ) over fender design patents. This decision marks a major shift in design-patent law, discarding a long-standing test for determining patent validity and remanding the case to the U.S. Patent Office for further review.

AAPL