Published: November 25, 2025
Quick takeaways
- ADI stock is heading into today’s session at $239.40, after gaining just over 3% on Monday, November 24, in a broad tech and AI-led rebound. [1]
- Fourth‑quarter fiscal 2025 earnings are due before today’s market open at 7:00 a.m. ET, with a conference call scheduled for 10:00 a.m. ET. [2]
- Wall Street expects roughly $3.0–$3.02 billion in revenue and EPS of about $2.22–$2.23, implying low‑to‑mid‑20% revenue growth and ~33% EPS growth year over year. [3]
- Options markets are pricing in a big move: near‑term ADI options imply roughly a 7% post‑earnings swing by the end of this week. [4]
- Analyst sentiment remains broadly positive (“Moderate Buy”), but commentary is mixed: some strategists highlight a cyclical recovery in industrial and automotive semis, while Jim Cramer has flagged concerns about weakness in industrial/IoT demand and called the stock “not worth buying” ahead of the print. [5]
ADI stock price snapshot ahead of Q4 2025 earnings
As trading gets underway on Tuesday, November 25, 2025, Analog Devices, Inc. (NASDAQ: ADI) is squarely in the spotlight.
- Last close (Monday, Nov. 24): $239.40, up about 3.05% on the day, extending a two‑day winning streak. [6]
- 52‑week range: roughly $158.65 (low) to $258.13 (high), leaving the stock about 7–8% below its peak. [7]
- Market cap: around $114–115 billion, placing ADI firmly in the large‑cap semiconductor cohort. [8]
- Liquidity: Monday’s trading volume topped 8 million shares, well above the recent 50‑day average near 3.3 million, underscoring heightened interest ahead of earnings. [9]
ADI’s latest rally comes after a volatile stretch for AI and semiconductor names. A broad tech rebound on Monday — tied to renewed enthusiasm for Alphabet’s new Gemini AI model and expectations for a possible Fed rate cut in December — lifted multiple chip stocks and helped Analog Devices jump roughly 3.2% in the afternoon session. [10]
At the same time, ADI still trades below its late‑August high near $258, even after posting double‑digit growth across all key end markets in recent quarters. [11]
What Wall Street expects from today’s Analog Devices earnings
Today’s report covers Analog Devices’ fourth quarter of fiscal 2025, for the period ending around October 31, 2025. Expectations are unusually tight because management already provided detailed guidance in August and reiterated its confidence in the recovery.
Company guidance
In its Q3 FY2025 report back in August, ADI guided for the fourth quarter as follows: [12]
- Revenue: about $3.0 billion ± $100 million
- Adjusted (non‑GAAP) EPS:$2.22 ± $0.10
- Target non‑GAAP operating margin in the low‑40% range (around 43.5%)
Management framed this as a continuation of a cyclical upturn, supported by strong demand in industrial automation, automotive, communications infrastructure and high‑end consumer electronics.
Analyst consensus today
Street forecasts going into this morning are tightly clustered around that guidance:
- Revenue:
- Around $3.01–$3.02 billion, implying roughly 23% year‑over‑year growth versus the prior‑year Q4. [13]
- EPS:
- Consensus EPS sits near $2.22–$2.23, pointing to about 33% growth compared with last year’s Q4. [14]
Research previews from Zacks, Seeking Alpha and Nasdaq all broadly agree on this range, with several noting that ADI has beaten expectations in most quarters over the last two years, both on EPS and revenue. [15]
In other words, the bar is high: investors are looking not only for solid numbers but also for evidence that the recovery in ADI’s core industrial and automotive markets is durable.
How Q3 set the stage: industrial, automotive and communications strength
To understand today’s setup, it helps to look at Analog Devices’ very strong Q3 FY2025:
- Revenue: about $2.88 billion, up 25% year over year, with double‑digit growth in every end market. [16]
- Adjusted EPS: roughly $2.05, up around 30% year over year. [17]
Segment‑level numbers from Q3 and subsequent commentary highlight the key demand drivers: [18]
- Industrial:
- Growth near the mid‑20s percentage range, driven by automation, factory robotics, instrumentation, aerospace/defense and energy management.
- Automotive:
- Low‑20s growth, supported by advanced driver‑assistance systems (ADAS), EV power electronics and in‑vehicle sensing.
- Communications:
- Roughly 40%+ year‑over‑year growth, thanks to 5G, optical networking and cloud data center infrastructure.
- Consumer:
- Low‑20s growth, with demand in gaming, wearables, hearables and premium audio.
From a positioning standpoint, ADI has repeatedly highlighted “the intelligent edge” as its sweet spot — the analog, power and mixed‑signal chips that sit between sensors, real‑world signals and digital processing, particularly in robotics, industrial automation and automotive electronics. [19]
Today’s earnings will tell investors whether that broad‑based momentum is still intact or beginning to normalize.
Today’s news flow: sentiment is bullish but cautious
Options market: expecting a big move
Options traders are bracing for significant volatility around the report. A pre‑market implied‑volatility update shows that the November 28 weekly at‑the‑money straddle on ADI is priced for roughly a 7% move in either direction into earnings. [20]
That doesn’t say which way the stock will move, but it does signal that traders expect a sizable reaction to the numbers and guidance.
Earnings calendars and macro traders
Multiple calendars and previews — from Nasdaq, FX commentary and earnings diaries — flag ADI as one of the key names reporting before the bell today, alongside Dell, Alibaba and several consumer names. [21]
FX‑oriented coverage notes that ADI’s earnings land on a busy macro day that also features U.S. producer price and retail sales data, meaning broader risk sentiment could amplify whatever move the stock makes. [22]
Analyst previews: strong growth, mixed beat odds
The Zacks earnings preview sees ADI’s Q4 performance being propelled by: [23]
- Secular growth in industrial automation and factory digitization
- 5G, satellite and broadband infrastructure in the communications segment
- Continued traction in consumer electronics like gaming, wearables and audio
Their model, however, suggests no clear statistical tilt toward an earnings “beat” this quarter, even though ADI carries a neutral Zacks Rank #3 (Hold) heading into the print.
Separate previews from Nasdaq, Seeking Alpha and GuruFocus echo the same broad expectations, highlighting consensus EPS around $2.22–$2.23 and revenue near $3.02 billion, plus a strong historical record of beating estimates. [24]
Cramer’s caution versus Street optimism
One of the more attention‑grabbing headlines in the last 24 hours came from a Jim Cramer segment that’s now circulating via Finviz and other news aggregators. Cramer said he’s “worried” about Analog Devices because it is heavily exposed to industrial semiconductors and the Internet of Things, areas he sees as relatively weak, and summed up his stance with:
“I believe it’s not worth buying.” [25]
Interestingly, even in that segment he suggested that if ADI’s quarter is strong, investors might instead look at Texas Instruments as a comparable way to play analog chips.
That cautious TV take stands in contrast to the more constructive view from Wall Street analysts. A recent MarketBeat summary of institutional filings and ratings notes that: [26]
- ADI still carries a “Moderate Buy” consensus rating.
- The average 12‑month price target is about $278, implying meaningful upside from current levels.
- Several major brokers — including JPMorgan, Evercore ISI, Stifel and Piper Sandler — have raised their targets into the high‑$200s or above $300 over recent months.
On the fund‑flow side, Sierra Summit Advisors LLC disclosed a new position of 5,199 ADI shares (about $1.24 million) in a recent SEC filing, and a string of other institutional investors have also added to or initiated stakes, leaving overall institutional ownership close to 87% of the float. [27]
AI and semiconductor backdrop
Broader semiconductor coverage shows that AI‑linked chip stocks had a rough week into November 21, with a model AI semiconductor basket down roughly 4.5% on valuation worries and profit‑taking. [28]
Monday’s rally, however, saw tech and AI names sharply higher, with major indices surging and articles highlighting how Alphabet’s AI news rekindled enthusiasm across the sector — a tailwind that clearly helped ADI’s 3% gain. [29]
What to watch in Analog Devices’ results and conference call
With numbers and guidance still pending at the time of writing, investors will be laser‑focused on qualitative commentary during this morning’s release and 10:00 a.m. ET call.
Here are the key themes to watch:
1. Industrial and factory automation demand
Industrial has long been Analog Devices’ largest and most profitable end market, and Q3 showed mid‑20s growth on the back of robotics, automation, energy infrastructure and test/measurement. [30]
On today’s call, look for:
- Any signs that order momentum is slowing as customers digest prior hardware purchases.
- Commentary on factory automation, robotics and “smart production”, including references to ADI’s presence at the Smart Production Solutions (SPS) 2025 trade show, where the company has showcased robotic and industrial demos. [31]
- Updates on demand from aerospace/defense and energy management, which can be more resilient late in the cycle.
2. Automotive: ADAS, EVs and content per vehicle
Automotive growth in the low‑20s last quarter was driven by ADAS sensors, radar, battery management and power systems. [32]
Key questions:
- Is content per vehicle still rising, or are automakers pushing back on pricing?
- How exposed is ADI to consumer softness in EVs versus long‑cycle programs in commercial and industrial vehicles?
- Any updates on design wins in China, which management has previously cited as a future growth driver but which also faces geopolitical risk. [33]
3. Communications and data‑center infrastructure
The communications segment saw roughly 40%+ growth in Q3, benefiting from 5G, optical networking and cloud infrastructure roll‑outs. [34]
Investors will be listening for:
- Whether that growth rate is sustainable into 2026 or normalizing.
- Exposure to AI data‑center build‑outs, including high‑speed optical links, power management and clocking.
- Any impact from export restrictions or trade policy — a recurring theme across the chip industry. [35]
4. Margins and pricing power
With guidance calling for operating margins in the low‑40s, ADI’s ability to hold or expand margins is crucial to its premium valuation. [36]
Watch for:
- The balance between price increases and input‑cost inflation.
- Mix shifts between higher‑margin industrial/auto products and lower‑margin consumer.
- Commentary on manufacturing footprint and capacity, including any reference to long‑term supply agreements or facility changes hinted at in investor research coverage. [37]
5. Capital returns: dividend and buybacks
ADI is a notable dividend and buyback story in the semiconductor space:
- Over the last year, it has returned roughly $1.6 billion to shareholders, split between dividends and repurchases. [38]
Investors will want to know:
- Whether dividend growth remains on track.
- How aggressively ADI plans to repurchase shares at current valuation levels, especially after the recent run‑up.
Looking beyond today: catalysts on the calendar
Regardless of how the numbers shake out, Analog Devices has several upcoming investor touchpoints:
- UBS Global Technology Conference – December 2, 2025:
CFO Richard Puccio is set to speak and take questions, giving management another chance to refine its narrative around AI, industrial automation and capital allocation. [39] - Q4 earnings call replay and investor materials:
ADI typically posts a detailed slide deck and transcript on its investor relations site shortly after the call. [40]
These events will help shape how the market digests today’s results over the coming weeks.
Bottom line: ADI is set up for a pivotal earnings day
Heading into November 25, 2025, Analog Devices finds itself at a critical juncture:
- The stock has rallied into earnings, riding a broad AI and tech rebound yet still trading below its 52‑week high. [41]
- Fundamentals look strong on paper, with Street forecasts implying robust double‑digit growth in revenue and EPS and management’s prior guidance framing Q4 as another step in a cyclical recovery. [42]
- Sentiment is split: institutional investors and most analysts remain constructive, while high‑profile TV commentary has turned more cautious on industrial semis and IoT exposure. [43]
- Options pricing suggests a sizeable move, meaning that even a small deviation from expectations — especially on forward guidance — could trigger outsized volatility. [44]
For now, the key facts are simple: earnings hit before the opening bell, the call follows at 10:00 a.m. ET, and the market is braced for a big reaction. What ADI says about demand in industrial automation, automotive electronics, communications infrastructure and AI‑enabled edge devices will go a long way toward determining whether Monday’s rally was the start of a new leg higher — or a selling opportunity for nervous investors.
This article is for informational purposes only and does not constitute investment advice, a recommendation or a solicitation to buy or sell any security. Always do your own research or consult a qualified financial professional before making investment decisions.
References
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