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Hottest Chip Maker Sees Cooling Ahead

You know the chip slowdown is getting bad when Analog Devices starts to feel it.

That feeling is ever so slight at the moment. The chip maker’s fiscal third-quarter results Wednesday morning set records, with revenue jumping 77% year over year to top $3 billion for the first time, and adjusted per-share earnings jumping 47% to a record of $2.52. The results also exceeded Wall Street’s forecasts, maintaining a strong track record in which ADI has only slightly missed analysts’ quarterly top-line projections twice in the past five years, according to FactSet.