Analog Devices (ADI), a leading analog IC manufacturer, has released its latest financial results, with last quarter’s performance significantly exceeding market expectations. This outstanding performance is not only driven by the pre-shipment rush from customers ahead of the implementation of reciprocal tariffs but also supported by the continued strong demand in the industrial and automotive markets, providing further evidence of the cyclical recovery in the semiconductor industry.

According to the financial report released by ADI, in the third quarter of fiscal year 2025 (ended August 2nd), the company’s revenue reached $2.88 billion, a substantial 25% increase compared to the same period last year. This growth rate far outpaces the industry average, highlighting ADI’s competitive advantage in the analog IC sector.

Notably, all four of ADI’s core business segments achieved double-digit revenue growth, with comprehensive and balanced growth momentum:

• Industrial Segment: As the largest business segment, its revenue jumped 23% year-over-year to $1.29 billion, accounting for 45% of Q3 total revenue. The core driver came from U.S. tariff policies—manufacturers accelerated orders and shipments during the tariff window to avoid subsequent cost increases, leading to a surge in demand for industrial chips.
• Automotive Segment: The second-largest business segment also delivered a strong performance, with revenue surging 22% to $850 million, representing 30% of total revenue. As the penetration rate of automotive electrification and intelligence increases, ADI’s products in areas such as in-vehicle sensors and power management continue to gain traction.
• Consumer and Communications Segments: Both segments saw their revenue grow to $370 million. Among them, the consumer segment rose 21% year-over-year, and the communications segment also maintained steady growth, mainly benefiting from the recovery in demand for downstream applications such as smart homes and 5G terminals.

Vincent Roche, CEO and Chairman of ADI, stated in the earnings report: “Despite the uncertainties in tariffs and the international trade environment, ADI’s Q3 revenue still exceeded the high end of our expectations. Market demand for ADI’s products remains strong, especially in core areas such as automation, sensing, and control systems, where the company’s solutions continue to maintain steady growth.”

Richard Puccio, CFO of ADI, further added: “The order momentum in the industrial market is healthy, directly driving a continuous increase in booked orders and backlog. The strong Q3 performance, coupled with our optimistic outlook for Q4 growth, puts us in a favorable position as we approach the end of fiscal year 2025.”

Looking ahead to the fourth quarter of fiscal year 2025, ADI provided a positive guidance: it expects revenue to reach $3 billion (with a fluctuation of $100 million). This figure is higher than the $2.82 billion generally expected by analysts, demonstrating the company’s firm confidence in subsequent market demand.

Analysts pointed out that after experiencing seven consecutive quarters of revenue and profit decline, ADI returned to growth in the second quarter of this year, and its Q3 results clearly signaled cyclical recovery momentum. As demand for industrial automation and automotive electronics continues to pick up, combined with ADI’s ongoing investment in advanced semiconductor applications (such as high-precision analog chips and industrial IoT sensors), the company’s future performance deserves focused attention.

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