By Nate Wolf

Analog Devices stock was rising Wednesday after the semiconductor company posted earnings that beat Wall Street expectations and offered an upbeat outlook for the current quarter.

The company reported adjusted earnings of $2.05 for its fiscal third quarter, surpassing analysts' consensus call for $1.95, according to FactSet. Revenue totaled $2.88 billion, above Wall Street's forecast of $2.77 billion and up 25% from the prior year.

Analog Devices shares were climbing 2.4% in premarket trading Wednesday.

"Despite geopolitical challenges, ADI's third-quarter revenue and earnings per share exceeded the high end of our expectations," CEO and Chair Vincent Roche said in a statement. "While tariffs and trade fluctuations are creating market uncertainty, the demand for ADI's products remains robust."

The company expects fourth-quarter adjusted earnings of between $2.12 and $2.32 a share and revenue of $3 billion, plus or minus $100 million. Analysts had estimated adjusted earnings of $2.03 a share on revenue of $2.83 billion for the current quarter.

Write to Nate Wolf at nate.wolf@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

August 20, 2025 07:12 ET (11:12 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.