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Analog Devices, Inc. (NASDAQ: ADI) today provided a business update related to the coronavirus (COVID-19) pandemic.
The economic and social effects caused by COVID-19 are currently creating supply chain disruption and uncertainty around future demand. While customer demand in the quarter has been resilient, it has become increasingly difficult to quantify and forecast the business impact of COVID-19. As a result, ADI believes it is prudent to withdraw the company’s outlook for the fiscal second quarter, ending May 2, 2020.
“During this rapidly evolving situation, our top priority is the health and safety of our employees and the communities in
Analog Devices, Inc. (NASDAQ: ADI) today provided a business update related to the coronavirus (COVID-19) pandemic.
The economic and social effects caused by COVID-19 are currently creating supply chain disruption and uncertainty around future demand. While customer demand in the quarter has been resilient, it has become increasingly difficult to quantify and forecast the business impact of COVID-19. As a result, ADI believes it is prudent to withdraw the company’s outlook for the fiscal second quarter, ending May 2, 2020.
“During this rapidly evolving situation, our top priority is the health and safety of our employees and the communities in
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