Analog Devices (ADI) Q2 FY25 earnings call

Analog Devices delivered strong Q2 FY25 results, exceeding expectations on both top and bottom lines, driven by broad-based double-digit year-over-year growth across all end markets. The company confirmed that revenues bottomed in 2024 and is returning to growth in FY25, supported by cyclical tailwinds and lean customer inventories. While tariff uncertainty led to some pull-in activity in automotive, management expects continued recovery in industrial and remains confident in the higher end of its full-year growth range.