Analog Devices expects Maxim deal earnings boost to kick in earlier

Analog Devices Inc expects its takeover of Maxim Integrated Products to add to adjusted earnings six months ahead of its initial timeline, the U.S. semiconductor maker said on Wednesday.

Analog, which supplies sensors, data converters and signal processing products, expects the earnings boost twelve months after the deal closes. It also expects the deal to be neutral to adjusted earnings in fiscal 2022.

The accelerated timing was due to stronger business fundamentals, share repurchases and the realization of more than 40% of cost savings, the company said.