Analog Devices Inc (NASDAQ:ADI) reported better-than-expected revenue and profits for the fiscal fourth quarter, sending its shares more than 4% higher on Tuesday.
For the quarter ending November 1, 2025, the semiconductor company posted revenue of $3.08 billion, surpassing Wall Street estimates of $3.02 billion. Revenue grew 26% year-over-year and 7% sequentially, driven by double-digit increases across all end markets, including industrial, communications, and consumer segments.
Earnings per share (EPS) came in at $2.26, above the consensus forecast of $2.23.
For fiscal 2025, Analog Devices reported revenue of $11 billion, up 17% from the prior year.
The company generated operating cash flow of $4.8 billion and free cash flow of $4.3 billion, representing 44% and 39% of revenue, respectively.
Analog Devices returned 96% of its free cash flow to shareholders through $2.2 billion in share repurchases and $1.9 billion in dividends.
“These results reflect the strength and resilience of our business model, and our intense commitment to leveraging superior technology and domain expertise to solve our customers’ toughest problems,” Analog Devices CEO Vincent Roche said in a statement.
Richard Puccio, the company’s chief financial officer, noted healthy booking trends in Q4, with strength in the industrial and communications markets.
“While macro uncertainty will likely influence the shape of our fiscal 2026, we believe we are well positioned to continue capitalizing on the ongoing cyclical recovery and our secular growth opportunities,” Puccio said.
Looking ahead to the first quarter of fiscal 2026, Analog Devices expects revenue of $3.1 billion, plus or minus $100 million. Adjusted EPS was guided at $2.29.
At the midpoint of this range, the company forecasts a reported operating margin of approximately 31% and adjusted operating margin of about 43.5%.