ADI Earnings: Analog Devices Stock Charges Higher on Q2 Results

Analog Devices (ADI) stock rallied on Thursday after the integrated circuits and software company released its Fiscal Q2 2025 earnings report. It started off the report strong with adjusted earnings per share of $1.85, compared to Wall Street’s estimate of $1.70. This also represents year-over-year adjusted EPS growth of 32% from $1.40.

Analog Devices reported revenue of $2.64 billion in Fiscal Q2 2025, another beat next to analysts’ estimate of $2.51 billion. The company’s revenue also increased 22% from the $2.16 billion reported in Fiscal Q2 2024. This was fueled by accelerated bookings “across all end markets and all regions, resulting in continued sequential backlog growth.”

ADI stock jumped 2.62% in pre-market trading, following a 1.01% drop yesterday. The shares are also up 5.05% year-to-date, but are down 5.26% over the past 52 weeks.

Analog Devices Outlook

Analog Devices also provided investors with a Fiscal Q3 2025 guidance update. The company expects adjusted EPS to range from $1.13 to $1.33 alongside revenue of $2.65 billion to $2.85 billion. At midpoints of $1.23 and $2.75 billion, the company’s earnings report would be mixed compared to Wall Street’s estimates of $1.82 per share and revenue of $2.62 billion.

Analog Device’s growing revenue guidance matches the company’s historical performance, as revenue has been on an upward trend over the last year following a decline in 2023.

Is ADI Stock a Buy, Sell, or Hold?

Turning to Wall Street, the analysts’ consensus rating for Analog Devices is Moderate Buy, based on eight Buy, five Hold, and one Sell ratings over the last three months. With that comes an average ADI stock price target of $231.69, representing a potential 4.26% upside for the shares. These ratings and price targets will likely change as analysts update their coverage after today’s earnings.

See more ADI stock analyst ratings