Analog Devices, Inc. announced its financial results for the fourth quarter and full fiscal year ended November 1, 2025, highlighting consistent growth across key end markets and strong shareholder returns.

For the fourth quarter of fiscal 2025, Analog Devices reported revenue of $3.08 billion, reflecting year-over-year growth across all major end markets, led by Communications and Industrial segments. Fiscal 2025 revenue reached $11.0 billion, representing a 17% increase compared to the prior year.

The company generated operating cash flow of $4.8 billion and free cash flow of $4.3 billion, accounting for 44% and 39% of total revenue, respectively. Analog Devices returned 96% of its fiscal 2025 free cash flow to shareholders, including $2.2 billion through share repurchases and $1.9 billion in dividend payments.

Vincent Roche, CEO and Chair of Analog Devices, stated, “Our strong fourth quarter concluded a year of robust growth, driven by both cyclical tailwinds and our differentiated market position. These results reflect the strength of our business model, as well as our unwavering focus on delivering high-performance technologies that solve complex challenges for our customers. This has built deep customer trust and a rapidly expanding design pipeline, reinforcing our confidence in delivering long-term value.”

Richard Puccio, Chief Financial Officer, added, “We saw healthy booking trends continue through the fourth quarter, with particular strength in our Communications market and steady growth in Industrial. While macroeconomic uncertainty may influence the near-term landscape, we are well positioned to benefit from both cyclical recovery and long-term secular growth trends.”

Analog Devices expects first-quarter fiscal 2026 revenue of approximately $3.1 billion, plus or minus $100 million. At the midpoint of this outlook, the company anticipates a reported operating margin of 31.0% (±130 basis points) and an adjusted operating margin of 43.5% (±100 basis points). Reported earnings per share (EPS) are projected at $1.60 (±$0.10), with adjusted EPS expected at $2.29 (±$0.10).

Analog Devices’ Board of Directors has declared a quarterly cash dividend of $0.99 per share. The dividend will be payable on December 22, 2025, to shareholders of record as of the close of business on December 8, 2025.

All non-GAAP financial measures mentioned are reconciled to the most directly comparable GAAP measures in the company’s financial tables and filings.

Original – Analog Devices