Press release
Analog Devices Reports Strong Fourth Quarter and Fiscal 2025 Financial Results
Fourth quarter revenue of $3.08 billion, with year-over-year growth across all end markets, led by Communications and IndustrialFiscal 2025 revenue of $11.0
About this update from Analog Devices, Inc.
[{"type":"text","content":"Fourth quarter revenue of $3.08 billion, with year-over-year growth across all end markets, led by Communications and IndustrialFiscal 2025 revenue of $11.0 billion, up 17% versus 2024Fiscal 2025 operating cash flow of $4.8 billion and free cash flow of $4.3 billion or 44% and 39% of revenue, respectivelyReturned 96% of free cash flow to shareholders in fiscal 2025, including $2.2 billion of share repurchases and $1.9 billion of dividendsWILMINGTON, Mass., Nov. 25, 2025 /PRNewswire/ -- Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, today announced financial results for its fiscal fourth quarter and fiscal year 2025, which ended November 1, 2025.\n \n \n \n \n \n \n \n\"ADI's strong fourth quarter capped a robust year of both cyclical and idiosyncratic growth,\" said Vincent Roche, CEO and Chair. \"These results reflect the strength and resilience of our business model, and our intense commitment to leveraging superior technology and domain expertise to solve our customers' toughest problems. Our keen focus on our customers' market success has enabled us to build a deep trust that pays dividends in the form of strong, profitable growth and a fast-growing design pipeline. As such, we remain firmly confident in our ability to deliver sustained, long-term value for shareholders.\"\"Healthy bookings trends continued in the fourth quarter with growth in Industrial and notable strength in our Communications market. While macro uncertainty will likely influence the shape of our fiscal 2026, we believe we are well positioned to continue capitalizing on the ongoing cyclical recovery and our secular growth opportunities,\" said Richard Puccio, CFO. Performance for the Fourth Quarter and Fiscal Year 2025Results Summary(1)(in millions, except per-share amounts and percentages)Three Months EndedTwelve Months EndedNov. 1, 2025Nov. 2, 2024ChangeNov. 1, 2025Nov. 2, 2024ChangeRevenue$ 3,076$ 2,44326 %$ 11,020$ 9,42717 %Gross margin$ 1,942$ 1,41637 %$ 6,773$ 5,38126 %Gross margin percentage63.1 %58.0 %510 bps61.5 %57.1 %440 bpsOperating income$ 945$ 56966 %$ 2,932$ 2,03344 %Operating margin 30.7 %23.3 %740 bps26.6 %21.6 %500 bpsDiluted earnings per share$ 1.60$ 0.9667 %$ 4.56$ 3.2839 %Adjusted Results(2)Adjusted gross margin$ 2,147$ 1,66029 %$ 7,641$ 6,40419 %Adjusted gross margin percentage69.8 %67.9 %190 bps69.3 %67.9 %140 bp...