Analog Devices Eyes 28.5% Q4 Revenue Growth to $3.11 Billion
Analog Devices reported third-quarter revenue of $3.08 billion, up 25.9% year on year and exceeding analyst estimates by 2.1%. For the upcoming quarter, analysts project 28.5% revenue growth to $3.11 billion and adjusted earnings of $2.31 per share, building on a two-year trend of consistent beats.
1. Q3 Performance and Beat
Analog Devices delivered third-quarter revenue of $3.08 billion, representing a 25.9% year-over-year increase and topping analyst expectations by 2.1%. The strong top-line performance was driven by robust demand across its industrial, automotive and communication end markets.
2. Q4 Estimates and Guidance
Analysts forecast fourth-quarter revenue of $3.11 billion—a 28.5% jump year-over-year—with adjusted earnings per share expected at $2.31. This projection marks a sharp turnaround from last year’s 3.6% revenue decline in the same quarter.
3. Historical Beat Rate
Over the past two years, Analog Devices has exceeded quarterly revenue estimates every period by an average of 2.6%, underscoring management’s track record of conservative guidance and execution.
4. Peer Comparison and Sentiment
Skyworks Solutions posted a 3.1% revenue decline but beat expectations by 3.4%, while Power Integrations saw revenues fall 1.9% in line with forecasts. The analog semiconductor segment has rallied 9.8% on average over the last month, with Analog Devices shares up 14% during the same span.