The earnings call presents a positive outlook for Analog Devices with strong growth in automotive and industrial segments, driven by new design wins and AI infrastructure build-outs. Despite a year-over-year revenue decline and challenges in the wireless communications and consumer segments, the company expects record revenue for Q2 and ongoing growth in emerging markets.

Company Guidance

In the recent earnings call for Analog Devices, the company provided an optimistic outlook for fiscal year 2025, emphasizing guidance on several key metrics. The first quarter revenue reached $2.42 billion, exceeding the midpoint of their forecast, with a gross margin of 68.8% and an operating margin of 40.5%. Adjusted EPS for the quarter was reported at $1.63, aligning with the high end of their guided range. The company anticipates second-quarter revenue of $2.5 billion, plus or minus $100 million, with an expected operating margin of 40.5% and an adjusted EPS of $1.68. They highlighted an 8% increase in their quarterly dividend to $0.99 and announced a $10 billion share repurchase authorization. Despite macroeconomic and geopolitical challenges, Analog Devices remains confident in its growth trajectory, citing improved order trends, normalization of inventory levels, and robust demand across industrial, automotive, and communication markets. The company is also investing strategically to leverage opportunities in automation, digital healthcare, electrification, and data center applications.

Dividend Increase and Shareholder Returns

ADI increased its dividend for the twenty-first consecutive year and has returned over $16 billion to shareholders in the past five years through dividends and share repurchases.

Strong Performance in Automotive and Industrial Segments

Automotive revenue grew 2% sequentially with double-digit year-over-year growth in connectivity and power solutions. Industrial revenue represented 44% of first-quarter revenue and improved inventory levels have benefited industry segments.

AI and Data Center Growth

Growth in data center infrastructure driven by AI demand, with wireline communications up double-digit sequentially and year-over-year.

Record Revenue Guidance for Q2

Second-quarter revenue is expected to be $2.5 billion, leading to expectations of growth in industrial and automotive, despite declines in communications and consumer segments.

New Design Wins in Emerging Markets

New design wins in industrial automation, healthcare, automotive, and communications are contributing to growth, with expectations of double-digit growth in healthcare and automotive driven by technological advancements.

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Analog Devices (ADI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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ADI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 21, 2025	2025 (Q2)	1.69 / -	1.4	―	―	―
Feb 19, 2025	2025 (Q1)	1.54 / 1.63	1.73	-5.78% (-0.10)	―
Nov 26, 2024	2024 (Q4)	1.64 / 1.67	2.01	-16.92% (-0.34)	―
Aug 21, 2024	2024 (Q3)	1.51 / 1.58	2.49	-36.55% (-0.91)	―
May 22, 2024	2024 (Q2)	1.26 / 1.40	2.83	-50.53% (-1.43)	―
Feb 21, 2024	2024 (Q1)	1.71 / 1.73	2.75	-37.09% (-1.02)	―
Nov 21, 2023	2023 (Q4)	2.00 / 2.01	2.73	-26.37% (-0.72)	―
Aug 23, 2023	2023 (Q3)	2.52 / 2.49	2.52	-1.19% (-0.03)	―
May 24, 2023	2023 (Q2)	2.75 / 2.83	2.4	17.92% (+0.43)	―
Feb 15, 2023	2023 (Q1)	2.60 / 2.75	1.94	41.75% (+0.81)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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ADI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 19, 2025	$220.22	$241.66	+9.74%
Nov 26, 2024	$222.64	$218.13	-2.03%
Aug 21, 2024	$221.68	$225.65	+1.79%
May 22, 2024	$214.03	$237.27	+10.86%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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