Filing Flows › Analog Devices (ADI) › Q3 FY25
Analog Devices (ADI) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 20, 2025
Analog Devices (ADI) reported revenue of $2.9B for the third quarter fiscal 2025 (Q3 FY25), +25% from a year earlier and +9% from the quarter before. Operating margin was 28.4%, net earnings $519M (18.0% of revenue).
Analog Devices, Q3 FY25: revenue $2.9B (+25% year over year), operating margin 28.4%, net earnings $519M, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.9B | +9% | +25% |
| Gross profit | $1.8B | +11% | +36% |
| Operating profit | $818M | +21% | +66% |
| Net earnings | $519M | -9% | +32% |
| Operating cash flow | $1.2B | +42% | +36% |
| Free cash flow | $1.1B | — | — |
What changed
Revenue was $2.9B in Q3 FY25, up 25% year over year and up 9% from the previous quarter. Industrial was the largest line at 45% of revenue. Industrial added $0.24B year over year (up 23%), 42% of the total change.
Gross margin was 62.1%, up 5.4 points from a year earlier. Operating profit was $0.82B, a 28.4% margin (up 7.2 points year over year). Of the extra revenue versus a year earlier, 58% reached operating profit, above the 21% margin then. Operating expenses grew 19% against revenue growth of 25%. The fastest-growing cost line was SG&A (+27%). Net earnings were $0.52B, up 32% year over year. The effective tax rate was 32.1%.
Operating cash flow was $1.2B (up 36% year over year), 225% of net earnings. Non-cash charges added back $0.49B of depreciation and amortization and $0.08B of share-based compensation. Working capital and other items added $0.07B. After capital expenditures ($0.08B), free cash flow as the company reports it was $1.1B.
Questions
What was Analog Devices' revenue in the third quarter fiscal 2025?
Analog Devices (ADI) reported revenue of $2.9B for the third quarter fiscal 2025 (Q3 FY25), +25% from a year earlier and +9% from the quarter before.
Was Analog Devices profitable in the third quarter fiscal 2025?
Operating profit was $818M (28.4% of revenue) and net earnings $519M.
Source: Analog Devices 10-Q on SEC EDGAR.