Analog Devices Reports Q2 Beat and Bullish Guidance, But Stock Falls 3%

Analog Devices (NASDAQ:ADI) delivered better-than-expected Q2 2025 results and issued an upbeat forecast for the current quarter, fueled by strong demand across all key markets. However, shares fell over 3% intra-day today following the report.

The semiconductor company reported adjusted EPS of $1.85, topping the $1.70 consensus. Revenue came in at $2.64 billion, beating estimates of $2.51 billion and marking a robust 22% year-over-year increase. Growth was broad-based, with all end markets showing double-digit gains, signaling a solid rebound across the cyclical semiconductor landscape.

CEO Vincent Roche emphasized the company’s resilience in the face of ongoing global trade uncertainties, pointing to ADI’s diversified portfolio and operational execution.

Looking ahead, ADI expects Q3 revenue between $2.65 billion and $2.85 billion, with the midpoint ($2.75 billion) above the $2.62 billion consensus. The company also guided for adjusted EPS of $1.82 to $2.02, comfortably bracketing and exceeding the Street's $1.82 estimate at the high end.