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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Tore Svanberg | Stifel | 9 questions · 0% challenging |
| Vivek Arya | Bank of America | 8 questions · 0% challenging |
| Stacy Rasgon | Bernstein | 8 questions · 38% challenging |
| Joshua Buchalter | TD Cowen | 8 questions · 13% challenging |
| Joe Moore | Morgan Stanley | 6 questions · 0% challenging |
| Harlan Sur | JPMorgan | 5 questions · 0% challenging |
| Chris Danely | Citigroup | 5 questions · 20% challenging |
| Tim Arcuri | UBS | 4 questions · 0% challenging |
| Chris Caso | Wolfe Research | 4 questions · 0% challenging |
| Ross Seymore | Deutsche Bank | 3 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Stifel | 1 analyst | 9 questions · 0% challenging |
| Bank of America | 1 analyst | 8 questions · 0% challenging |
| TD Cowen | 1 analyst | 8 questions · 13% challenging |
| Bernstein | 1 analyst | 8 questions · 38% challenging |
| Morgan Stanley | 1 analyst | 6 questions · 0% challenging |
| JPMorgan | 1 analyst | 5 questions · 0% challenging |
| Citigroup | 1 analyst | 5 questions · 20% challenging |
| Wolfe Research | 1 analyst | 4 questions · 0% challenging |
ADI delivered a breakout quarter with revenue up 22% year-over-year and 9% sequentially as EPS of $1.85 surged 32% and exceeded the high end of guidance, driven by broad-based recovery across all end markets. Automotive posted a record quarter led by China while Industrial recovery broadened across automation, energy, and aerospace subsectors. AI infrastructure demand drove Communications growth, and management guided Q3 to $2.75 billion reflecting continued acceleration.
Demand | Revenue Growth | Margin | Cloud & AI | Inventory | Trade Tariffs | Innovation & R&D | Supply Chain | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 5 | 2 | 2 | 1 | 1 | ||
| 2025Q1 | 3 | 1 | 1 | 3 | 2 | 2 | 1 | |
| 2025Q2 | 6 | 1 | 1 | 1 | 2 | 3 | 1 | 1 |
| 2025Q3 | 5 | 2 | 4 | 1 | 2 | 3 | 1 | 2 |
| 2025Q4 | 3 | 3 | 2 | 1 | 1 | 2 | ||
| 2026Q1 | 5 | 4 | 1 | 2 | 2 | 1 | 1 | |
| 2026Q2 | 3 | 3 | 3 | 2 | 1 | 1 | 3 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|---|
| Demand | 3 | 3 | 6 | 5 | 3 | 5 | 3 |
| Revenue Growth | 5 | 1 | 1 | 2 | 3 | 4 | 3 |
| Margin | 2 | 1 | 4 | 2 | 1 | 3 | |
| Cloud & AI | 2 | 1 | 1 | 1 | 1 | 2 | 2 |
| Inventory | 3 | 2 | 2 | 2 | 1 | ||
| Trade Tariffs | 2 | 3 | 3 | 1 | 1 | ||
| Innovation & R&D | 1 | 2 | 1 | 1 | 2 | 1 | 1 |
| Supply Chain | 1 | 1 | 1 | 2 | 3 |
Calendar quarter Q2 2025Earnings call May 22, 2025
FY2025 Q2 in brief
ADI delivered a breakout quarter with revenue up 22% year-over-year and 9% sequentially as EPS of $1.85 surged 32% and exceeded the high end of guidance, driven by broad-based recovery across all end markets.
Newest quarter FY2026 Q3 is part of Pro · see what Pro adds →
Sources. Tellvest earnings-call sentiment score for Analog Devices (ADI), FY2025 Q2: 9/10. Scores: Analog Devices’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: ADI daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $2.44B | -10.1% | $0.96 | -3.0% | 58.0% | 23.3% | 19.6% | $885M |
| FY2025 Q1 | $2.42B | -3.6% | $0.78 | -16.1% | 59.0% | 20.3% | 16.1% | $978M |
| FY2025 Q2Selected | $2.64B | +22.3% | $1.14 | +86.9% | 61.0% | 25.7% | 21.6% | $729M |
| FY2025 Q3 | $2.88B | +24.6% | $1.04 | +31.6% | 62.1% | 28.4% | 18.0% | $1.09B |
| FY2025 Q4 | $3.08B | +25.9% | $1.60 | +66.7% | 63.1% | 30.7% | 25.6% | $1.49B |
| FY2026 Q1 | $3.16B | +30.4% | $1.69 | +116.7% | 64.7% | 31.5% | 26.3% | $1.26B |
| FY2026 Q2 | $3.62B | +37.2% | $2.40 | +110.5% | 67.3% | 38.1% | 32.5% | $734M |
| FY2026 Q3 | $4.02B | +39.6% | $2.74 | +163.5% | 67.3% | 40.1% | 33.3% | $1.46B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
GAAP revenue YoY +22.3% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
What ADI and other companies said about each other on FY2025 Q2 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“And we highlighted, for example, ADI, that's doing phenomenally well, and we had a very good -- ADI is a long- term partner with of Cadence, but we had a very good expansion in Q2.”
Cadence points to ADI's strong Q2 performance and expanded spending as an early sign of recovery in the traditional (non-AI-driven) semiconductor customer base.
“we furthered our long-standing partnership with ADI through a broad proliferation of our core EDA software, including AI- driven Cadence Cerebrus and Verisium solutions as well as system software across PCB, advanced packaging and system analysis”
Analog Devices meaningfully expanded its use of Cadence's core EDA, AI-driven, and system software tools in Q2, a positive signal of ADI's own design investment.
“we deepened partnerships with trusted foundries around the world including securing additional 300-millimeter fine pitch technology capacity at TSMC's Japan subsidiary”
ADI cites TSMC's Japan subsidiary as a source of additional advanced-node foundry capacity, part of a deepened supply partnership that improves ADI's manufacturing resilience.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
ADI Analog Devices | 9 | +22.3% | |
| ALAB Astera Labs, Inc. Common Stock | 8 | +149.7% | |
| AMAT Applied Materials | 7 | +6.8% | |
| AMD Advanced Micro Devices, Inc. | 9 | +31.7% | |
| ARM Arm Holdings | 7 | +12.1% | |
| ASML ASML Holding | 8 | +23.2% | |
| AVGO Broadcom Inc. | 9 | +20.2% | |
| CRDO Credo Technology Group Holding Ltd | 10 | +179.7% | |
| INTC Intel Corporation | 5 | +0.2% | |
| KLAC KLA Corporation | 9 | +23.7% | |
| LRCX Lam Research | 9 | +33.6% | |
| MCHP Microchip Technology | 2 | -13.4% | |
| MPWR Monolithic Power Systems | 9 | +31.0% | |
| MRVL Marvell Technology | 9 | +63.3% | |
| MU Micron Technology, Inc. | 9 | +36.6% | |
| NVDA NVIDIA Corporation | 8 | +69.2% | |
| NXPI NXP Semiconductors | 2 | -6.4% | |
| ON ON Semiconductor | 1 | -15.4% | |
| Q Qnity Electronics, Inc. | · | n/a | |
| QCOM Qualcomm | 8 | +10.3% | |
| SWKS Skyworks Solutions | 5 | +6.6% | |
| TER Teradyne | 2 | -10.7% | |
| TSM Taiwan Semiconductor Manufacturing Company Limited | 9 | +38.6% | |
| TXN Texas Instruments | 9 | +16.4% |