Executive Summary
Analog Devices delivered a solid QQ1 2025 performance with a revenue of $2.423 billion, marking a year-over-year increase of 12.23% and a modest sequential dip of 0.82%. The gross margin stood at 59.0% and the operating margin at 20.3%, underscoring a high-quality earnings mix supported by strong product margins in data converters, sensors, and power management solutions. Net income was $391.3 million with diluted EPS of $0.78-$0.79, while EBITDA reached $1.026 billion, reflecting disciplined cost management and favorable product mix. Cash flow strength remained a highlight, with operating cash flow of $1.127 billion and free cash flow of about $978 million, enabling meaningful capital allocation to dividends and buybacks and supporting a resilient balance sheet.
Key Performance Indicators
QoQ: -13.71% | YoY:26.02%
QoQ: -18.15% | YoY:29.47%
QoQ: -17.71% | YoY:29.51%
Key Insights
Revenue: USD 2.423B; YoY +12.23%; QoQ -0.82%. Gross Profit: USD 1.430B; Gross Margin 59.0%; YoY +44.39%; QoQ +1.00%. Operating Income: USD 0.491B; Operating Margin 20.28%; YoY +26.02%; QoQ -13.71%. Net Income: USD 0.391B; Net Margin 16.15%; YoY +29.47%; QoQ -18.15%. EPS (GAAP): USD 0.79; Diluted EPS: USD 0.78; YoY +29.51%; QoQ -17.71%. EBITDA: USD 1.026B; EBITDA Margin ~42.36%. Cash flow: CFO USD 1.127B; Free Cash Flow USD 0.978B; FCF per share USD 1.971. Balance sheet: Total assets USD 47.98B; ...
Financial Highlights
Revenue: USD 2.423B; YoY +12.23%; QoQ -0.82%. Gross Profit: USD 1.430B; Gross Margin 59.0%; YoY +44.39%; QoQ +1.00%. Operating Income: USD 0.491B; Operating Margin 20.28%; YoY +26.02%; QoQ -13.71%. Net Income: USD 0.391B; Net Margin 16.15%; YoY +29.47%; QoQ -18.15%. EPS (GAAP): USD 0.79; Diluted EPS: USD 0.78; YoY +29.51%; QoQ -17.71%. EBITDA: USD 1.026B; EBITDA Margin ~42.36%. Cash flow: CFO USD 1.127B; Free Cash Flow USD 0.978B; FCF per share USD 1.971. Balance sheet: Total assets USD 47.98B; Total liabilities USD 12.90B; Total equity USD 35.07B. Liquidity: Cash & equivalents USD 2.350B; Net debt USD 5.22B; Current ratio 1.93; Quick ratio 1.43; Interest coverage 6.53x. Valuation indicators (proximate): P/E ~67.2x; P/BV 3.00x; P/S 43.38x; Dividend yield ~0.43%.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
2.42B |
12.23% |
-0.82% |
| Gross Profit |
1.43B |
44.39% |
1.00% |
| Operating Income |
491.31M |
26.02% |
-13.71% |
| Net Income |
391.32M |
29.47% |
-18.15% |
| EPS |
0.79 |
29.51% |
-17.71% |
Key Financial Ratios
operatingProfitMargin
20.3%
operatingCashFlowPerShare
$2.27
freeCashFlowPerShare
$1.97
dividendPayoutRatio
116.6%
Management Commentary
No earnings call transcript data provided in the supplied dataset; unable to extract management quotes or themes from an earnings call.
Forward Guidance
The dataset does not include explicit numeric forward guidance for QQ2 2025 or beyond. However, Analog Devices’ revenue growth, strong gross margins, and robust free cash flow underpin a constructive longer-term outlook anchored by growth in automotive electronics (ADAS and sensors), industrial automation, and high-end communications applications. Investors should monitor end-market demand signals (auto production cycles, industrial capex, 5G deployment), supply chain normalization, and potential changes in working capital or capital expenditure that could affect quarterly cadence.