Analog Devices (ADI) Q3 2025 Earnings
Reported Aug 20, 2025 at 7:02 AM ET · SEC Source
Q3 25 EPS
$2.05
BEAT +5.13%
Est. $1.95
Q3 25 Revenue
$2.88B
BEAT +4.40%
Est. $2.76B
vs S&P Since Q3 25
+44.8%
BEATING MARKET
ADI +62.0% vs S&P +17.2%
Market Reaction
Did ADI Beat Earnings? Q3 2025 Results
Analog Devices delivered a strong fiscal third quarter, beating Wall Street expectations on both the top and bottom lines as broad-based demand recovery powered results well above guidance. The semiconductor maker posted adjusted diluted EPS of $2.05… Read more Analog Devices delivered a strong fiscal third quarter, beating Wall Street expectations on both the top and bottom lines as broad-based demand recovery powered results well above guidance. The semiconductor maker posted adjusted diluted EPS of $2.05, ahead of the $1.95 consensus estimate by 5.08%, while revenue of $2.88 billion topped expectations by 4.40% and rose 24.6% from a year ago, with double-digit growth across all four end markets. Communications led the way at 40% year-over-year growth, while Industrial, Automotive, and Consumer each contributed meaningfully to the rebound. Margin expansion added further credibility to the quarter, with adjusted gross margin reaching 69.2% and adjusted operating margin climbing to 42.2%. Free cash flow of $1.09 billion underscored the underlying earnings quality. Against a backdrop of ongoing tariff and trade uncertainty that has clouded the broader semiconductor sector, ADI's management struck a confident tone, guiding fiscal Q4 revenue to $3.00 billion and adjusted EPS to $2.22, signaling that the company's recovery cycle still has room to run.
Key Takeaways
- • Double-digit year-over-year growth across all four end markets
- • Communications end market led with 40% YoY growth
- • Industrial end market showed continued backlog growth and healthy bookings trends
- • Gross margin expansion of 540 basis points YoY on a GAAP basis
- • Operating margin expansion of 720 basis points YoY on a GAAP basis
ADI YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
ADI Revenue by Segment
With YoY comparisons, source: SEC Filings
“Despite geopolitical challenges, ADI's third-quarter revenue and earnings per share exceeded the high end of our expectations.”
— Vincent Roche, Q3 2025 Earnings Press Release
ADI Earnings Trends
ADI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ADI EPS Trend
Earnings per share: estimate vs actual
ADI Revenue Trend
Quarterly revenue: estimate vs actual
ADI Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $2.91 | $3.09 | +6.19% | $3.62B | +3.13% |
| Q1 26 BEAT | $2.31 | $2.46 | +6.49% | $3.16B | +1.43% |
| Q4 25 BEAT FY | $2.23 | $2.26 | +1.35% | $3.08B | +1.97% |
| FY Full Year | — | $7.79 | — | $11.02B | — |
| Q3 25 BEAT | $1.95 | $2.05 | +5.13% | $2.88B | +4.40% |