Earnings Summary: Highlights of Analog Devices’ (ADI) Q3 2025 results

Semiconductor company Analog Devices, Inc. (NASDAQ: ADI) on Thursday reported a double-digit growth in revenues and adjusted earnings for the third quarter of fiscal 2025.

• Third-quarter revenue climbed 25% year-over-year to $2.88 billion
• Net income rose to $518.5 million or $1.04 per share from $392.2 million or $0.79 per share in the prior-year quarter
• During the quarter, the company returned $1.6 billion to shareholders – $0.5 billion in dividends and $1.1 billion in share repurchases
• On a trailing twelve-month basis, operating cash flow was $4.2 billion and free cash flow was $3.7 billion, or 40% and 35% of revenue, respectively
• For the fourth quarter of fiscal 2025, the management forecasts revenue of $3.0 billion, +/- $100 million
• It is looking for a reported operating margin of approximately 30.5%, +/-150 bps, and an adjusted operating margin of approximately 43.5%, +/-100 bps, at the midpoint of this revenue outlook
• The management projects reported earnings per share of $1.53, +/-$0.10, and adjusted earnings per share of $2.22, +/-$0.10 for Q4
• The ADI board has declared a quarterly cash dividend of $0.99 per share, payable on September 16, 2025, to shareholders of record on September 2, 2025