Analog Devices Inc. (ADI) reported third-quarter fiscal 2025 non-GAAP earnings of $2.05 per share, exceeding the Zacks Consensus Estimate by 6.2% and marking a significant increase from $1.58 per share in the same quarter last year. Revenues for the quarter reached $2.88 billion, surpassing estimates by 4.45% and reflecting year-over-year growth from $2.31 billion.
Key revenue segments included $1.29 billion from Industrial (45% of total revenues), $850.6 million from Automotive (30%), and $372.5 million from Communications (13%), with notable year-over-year growths of 23%, 22%, and 40%, respectively. The adjusted gross margin improved to 69.2%, and operating cash flow amounted to $1.17 billion.
Looking ahead to the fourth quarter, management expects revenues of approximately $3.0 billion (+/- $100 million), with adjusted earnings projected at $2.22 per share. The Zacks Consensus for earnings stands at $1.98 per share, indicating a year-over-year growth of 14%.
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