Key Takeaways Analog Devices beat profit and sales estimates as the semiconductor manufacturer sees a "cyclical recovery" ahead. The company also posted current-quarter guidance that exceeded forecasts. Analog Devices said customer inventories are stabilizing, and new orders are rising. Analog Devices (ADI) shares soared to a record high Wednesday after the semiconductor maker posted better- than-expected results and guidance as inventory backlogs eased. The company reported fiscal second-quarter adjusted e ...