From Yahoo Finance: 2025-05-22 09:07:00

Analog Devices, Inc (NASDAQ:ADI) shares are up in premarket trading after reporting fiscal second-quarter results. Quarterly revenue increased 22% year-on-year to $2.64 billion, beating analyst estimates. Industrial revenue grew by 16.8%, automotive revenue by 24.2%, consumer revenue by 29.7%, and communications revenue by 32.1%.

Adjusted gross margin improved by 270 bps to 69.4%, and adjusted operating margin climbed by 220 bps to 41.2%. The company held $2.38 billion in cash and equivalents as of May 3, 2025, with $819.5 million in operating cash flow.

Analog Devices declared a quarterly cash dividend of $0.99 per share, payable on June 18, 2025. CEO Vincent Roche highlighted the company’s performance amid global trade volatility, while CFO Richard Puccio noted an acceleration in bookings and continued growth outlook.

The company expects fiscal third-quarter revenue of $2.65 billion-$2.85 billion and adjusted EPS of $1.82-$2.02, above analyst estimates. ADI stock is trading higher by 3.15% to $229.22 premarket.



Read more at Yahoo Finance: Analog Devices CFO Confirms Cyclical Upturn, Sees ‘Continued Growth’