Chip manufacturer Analog Devices reported fiscal 2025 third quarter results with revenue increasing 25% year-over-year to $2.88 billion, surpassing analyst expectations of $2.76 billion. Adjusted earnings per share reached $2.05, exceeding analyst forecasts of $1.95. The company's adjusted gross margin improved by 130 basis points to 69.2%.

Industrial revenue grew 23% year-over-year to $1.29 billion, while automotive business revenue increased 22% to $850.6 million. The board of directors announced a quarterly dividend of $0.99 per share of common stock.

Looking ahead to the fourth quarter, the company expects revenue of approximately $3.0 billion, above analyst expectations of $2.82 billion. Adjusted earnings per share are projected at around $2.22, also higher than analyst expectations of $2.03.

Chief Executive Officer Vincent Roche stated that at the end of the third quarter, the backlog continued to grow with healthy booking trends, particularly in industrial end markets.