Analog Devices Is Building a Global Hybrid Manufacturing Empire—Can It Outpace Supply Chain Disruptions?

Analog Devices, Inc.’s (ADI) second-quarter fiscal 2025 results demonstrated a solid performance and exceeded expectations on both the top and bottom lines. Revenue for the quarter was $2.64 billion, up 9% sequentially and 22% year-over-year. This growth was broad-based with double-digit year-over-year increases across all end markets, showcasing the strength of ADI’s diversified product portfolio and resilient business model. A notable highlight was the automotive segment, which comprised 32% of quarterly revenue and saw a significant 16% sequential and 24% year-over-year increase. This was attributed to robust demand for ADI’s connectivity and power solutions, particularly in China. Nonetheless, there were mentions of inventory pull-ins which may have temporarily inflated results, suggesting cautious observation going forward.