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Analog Devices Beats Q2 Expectations, Projects Stronger Q3 Performance

The semiconductor leader reports 22% revenue growth, raises guidance, and confirms a cyclical market recovery.

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Overview

  • Analog Devices reported Q2 2025 revenue of $2.64 billion, up 22% year-over-year, and adjusted EPS of $1.85, both exceeding analyst estimates.
  • Management forecasts Q3 revenue between $2.65 billion and $2.85 billion and adjusted EPS of $1.82–$2.02, surpassing Wall Street expectations.
  • CFO Richard Puccio highlighted accelerated bookings and sequential backlog growth, reinforcing the company's view of a cyclical market upturn.
  • All business segments showed year-over-year growth in Q2, with industrial, automotive, consumer, and communications sectors increasing by 16.8%, 24.2%, 29.7%, and 32.1%, respectively.
  • The board declared a quarterly dividend of $0.99 per share, payable on June 18, 2025, continuing its shareholder-focused capital return strategy.