NASDAQ$ADI

Analog Devices Inc · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Analog Devices reported a year-over-year decline in revenue and profitability, though Consumer segment growth remained strong.

Analog Devices posted Q1 FY25 revenue of $2,423,174,000, a 4% YoY decline, with net income falling 15.5% YoY to $391,316,000. While the Industrial and Automotive segments declined, the Consumer segment saw 19% YoY growth. Operating margin contracted to 20.3%, and EPS dropped to $0.78. The company expects a sequential revenue increase in Q2 FY25.

  • Revenue declined 4% YoY, totaling $2.42 billion.
  • Net income dropped 15.5% YoY to $391.32 million.
  • Consumer segment revenue grew 19% YoY, offsetting declines in Industrial and Automotive.
  • Operating margin contracted 300 bps to 20.3%.

Headline financials

Total Revenue

$2.42B

Previous: $2.51B-3.6%
EPS (adj)

$1.63

Previous: $0.93+75.3%
Operating Margin

20.3%

Previous: 23.3%-12.9%
Adjusted Gross Margin

68.8%

No prior period
Adjusted Operating Margin

40.5%

No prior period
Gross Margin

59.0%

Previous: 58.7%+0.5%
Capital Expenditures

-$149M

Previous: -$223M+33.2%
Net Income

$391M

Previous: $463M-15.4%
Operating Income

$491M

Previous: $586M-16.2%
Gross Profit

$1.43B

Previous: $1.47B-3.0%

Revenue & EPS history

Analog Devices · Revenue · Quarterly

$2.42B

Q1 2025-3.6%vs Q1 2024
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Analog Devices · $3.62B total across 4 segments · Q2 2026

  • Industrial
    $1.8B
  • Automotive
    $872M
  • Communications
    $555M
  • Consumer
    $398M

Forward guidance

Analog Devices anticipates sequential revenue growth in Q2 FY25, with an improved operating margin and EPS.

Tailwinds

  • Revenue projected at $2.50 billion (+/- $100 million).
  • Reported EPS expected at $0.97 (+/- $0.10).
  • Adjusted EPS forecasted at $1.68 (+/- $0.10).
  • Operating margin expected to improve to 24.2% (GAAP).
  • Adjusted operating margin projected at 40.5%.

Headwinds

  • Macroeconomic and geopolitical risks remain high.
  • Industrial and Automotive segment declines pose challenges.
  • Operating expenses remain elevated.
  • Supply chain disruptions could impact margins.
  • Potential market volatility affecting demand.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+1.2%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+0.5%

Avg return

30 days after

53%

38 / 72 earnings

Positive

+9.7%

Q1 2025

Best reaction

-8.3%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-5.0%-4.8%+4.1%
Q1 2026+1.0%+5.2%-8.3%
Q4 2025+4.4%+10.8%+15.9%
Q3 2025+6.1%+10.4%+6.5%
Q2 2025-4.6%-2.4%+2.8%
Q1 2025+9.7%+7.6%-7.2%
Q4 2024-2.9%-2.5%-2.5%
Q3 2024-0.7%+0.9%+1.5%
Q2 2024+8.3%+7.3%+6.7%
Q1 2024+1.3%-0.2%+2.2%
Q4 2023-0.6%-0.4%+6.8%
Q3 2023-1.7%+2.1%-0.7%
Q2 2023-8.3%-6.1%-1.1%
Q1 2023+8.7%+6.8%+3.4%
Q4 2022+6.3%+4.9%+2.8%
Q3 2022-5.0%-8.5%-16.6%
Q2 2022-1.8%-1.4%-11.7%
Q1 2022-1.0%-1.0%+0.9%
Q4 2021-1.6%-4.0%-6.9%
Q3 2021+0.3%+2.0%+3.1%
Q2 2021+9.3%+11.4%+11.2%
Q1 2021-1.5%-0.8%-5.3%
Q4 2020-0.8%+0.5%+5.4%
Q3 2020-0.4%-0.6%-2.5%
Q2 2020+4.4%+4.4%+13.0%
Q1 2020+5.0%-1.0%-28.2%
Q4 2019+0.7%+0.0%+6.0%
Q3 2019-1.5%-3.9%+4.6%
Q2 2019-1.2%-1.5%+13.8%
Q1 2019+1.0%+3.5%+3.1%
Q4 2018+4.9%+3.6%-3.3%
Q3 2018+1.5%+4.3%-1.4%
Q2 2018+3.0%+5.9%+1.6%
Q1 2018-4.3%-1.2%-1.2%
Q4 2017-4.7%-4.2%-4.7%
Q3 2017+5.2%+6.1%+8.3%
Q2 2017-3.1%-7.1%-8.3%
Q1 2017+5.3%+6.0%+7.0%
Q4 2016+5.4%+6.3%+5.2%
Q3 2016-1.2%-1.6%-4.4%
Q2 2016+0.6%
Q1 2016-0.1%
Q4 2015+6.1%
Q3 2015-1.9%
Q2 2015+4.5%
Q1 2015+2.3%
Q4 2014+5.3%
Q3 2014-1.7%
Q2 2014-1.3%
Q1 2014+1.6%
Q4 2013-2.3%
Q3 2013-1.7%
Q2 2013-2.8%
Q1 2013-0.8%
Q4 2012+0.0%
Q3 2012-2.1%
Q2 2012-0.5%
Q1 2012-2.1%
Q4 2011-5.3%
Q3 2011-1.2%
Q2 2011+5.1%
Q1 2011-0.4%
Q4 2010+1.5%
Q3 2010+6.1%
Q2 2010+1.5%
Q1 2010+3.4%
Q1 2009+3.4%
Q2 2009+6.8%
Q4 2007+6.8%
Q4 2009+6.8%
Q3 2008+3.9%
Q3 2009+3.9%

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