Filing Flows › Analog Devices (ADI) › Q2 FY25
Analog Devices (ADI) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 22, 2025
Analog Devices (ADI) reported revenue of $2.6B for the second quarter fiscal 2025 (Q2 FY25), +22% from a year earlier and +9% from the quarter before. Operating margin was 25.7%, net earnings $570M (21.6% of revenue).
Analog Devices, Q2 FY25: revenue $2.6B (+22% year over year), operating margin 25.7%, net earnings $570M, operating cash flow $819M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.6B | +9% | +22% |
| Gross profit | $1.6B | +13% | +37% |
| Operating profit | $678M | +38% | +76% |
| Net earnings | $570M | +46% | +89% |
| Operating cash flow | $819M | -27% | +1% |
| Free cash flow | $729M | — | — |
What changed
Revenue was $2.6B in Q2 FY25, up 22% year over year and up 9% from the previous quarter. Industrial was the largest line at 44% of revenue. Industrial added $0.17B year over year (up 17%), 35% of the total change.
Gross margin was 61.0%, up 6.4 points from a year earlier. Operating profit was $0.68B, a 25.7% margin (up 7.8 points year over year). Of the extra revenue versus a year earlier, 61% reached operating profit, above the 18% margin then. Operating expenses grew 18% against revenue growth of 22%. The fastest-growing cost line was Research & development (+25%). Net earnings were $0.57B, up 89% year over year. The effective tax rate was 9.0%.
Operating cash flow was $0.82B (up 1% year over year), 144% of net earnings. Non-cash charges added back $0.50B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items used $0.32B. After capital expenditures ($0.09B), free cash flow as the company reports it was $0.73B.
Questions
What was Analog Devices' revenue in the second quarter fiscal 2025?
Analog Devices (ADI) reported revenue of $2.6B for the second quarter fiscal 2025 (Q2 FY25), +22% from a year earlier and +9% from the quarter before.
Was Analog Devices profitable in the second quarter fiscal 2025?
Operating profit was $678M (25.7% of revenue) and net earnings $570M.
Source: Analog Devices 10-Q on SEC EDGAR.