Analog Devices, Inc. (ADI) reported fiscal first-quarter 2025 results that exceeded expectations, highlighting a positive start to the year with improving demand trends across key sectors.

Revenue for the quarter surpassed $2.4 billion, driven by sequential growth in Industrial, Automotive, and Communications, and double-digit year-over-year growth in Consumer. The company generated $3.8 billion in operating cash flow and $3.2 billion in free cash flow on a trailing twelve-month basis.

Continuing its long history of shareholder returns, ADI raised its quarterly dividend by 8% to $0.99 per share, marking its 21st consecutive year of increases. Additionally, the company expanded its share repurchase authorization by $10 billion, bringing the total remaining buyback capacity to approximately $11.5 billion.

CEO Vincent Roche noted that ADI outperformed its outlook despite macroeconomic and geopolitical challenges, citing strong cyclical recovery and new customer wins as key drivers. CFO Richard Puccio echoed this optimism, stating that bookings improved during the quarter, particularly in Industrial and Automotive, positioning the company for sequential and year-over-year growth in the next quarter.

With fiscal 2025 expected to be a year of growth, ADI remains focused on delivering differentiated innovation, enhancing customer experience, and maintaining an agile supply chain.