Analog Devices Eyes Solid Finish To 2025 Fueled By Strong Industrial, Auto Sales

Analog Devices (NASDAQ:ADI) shares are trading higher in the premarket session on Wednesday after the company reported fiscal third-quarter results.

The company’s quarterly revenue increased 25% year-on-year (Y/Y) to $2.88 billion, beating the analyst consensus estimate of $2.76 billion. Adjusted EPS of $2.05 beat the analyst consensus estimate of $1.95.

Analog Devices’ Industrial revenue grew by 23% Y/Y to $1.29 billion. Automotive revenue climbed 22% Y/Y to $850.6 million.

Also Read: Analog Devices Powers Past Estimates, But Shares Cool As Q2 Beat Masks Margin Pressure

Consumer revenue grew by 21% to $372.2 million, and Communications revenue increased by 40% to $372.5 million.

The adjusted gross margin improved by 130 bps to 69.2%. The adjusted operating margin climbed by ...