Analog Devices (NASDAQ: ADI) shares rise in premarket after reporting fiscal third-quarter results. Quarterly revenue up 25% Y/Y to $2.88 billion, beating analyst estimates. Industrial revenue grew 23%, automotive revenue climbed 22%. Consumer revenue up 21%, communications revenue up 40%. Adjusted gross margin improved by 130 bps, operating margin climbed by 100 bps. Company holds $3.47 billion in cash and equivalents. Board declares quarterly cash dividend of 99 cents per share. CEO Vincent Roche states revenue and EPS exceeded expectations despite geopolitical challenges. CFO Richard Puccio notes backlog growth and healthy bookings trends. Stock up nearly 9% YTD. Company expects fiscal Q4 revenue of $2.90 billion-$3.10 billion, adjusted EPS of $2.12-$2.32. ADI stock trading higher by 3.92% premarket at $239.48.
Read more at Yahoo Finance: Analog Devices Eyes Solid Finish To 2025 Fueled By Strong Industrial, Auto Sales
