Analog Devices (ADI) has projected fourth-quarter revenue above Wall Street expectations, buoyed by strong demand in its industrial segment despite uncertainties around U.S. tariff policies. The Massachusetts-based chipmaker said it expects revenue of $3.0 billion, plus or minus $100 million, compared to analysts’ forecast of $2.82 billion, according to data from LSEG. Shares of the company rose about 4% in premarket trading following the announcement.
The company also projected adjusted profit per share of $2.22, plus or minus 10 cents, beating analysts’ estimates of $2.03. CEO Vincent Roche said the firm closed the third quarter with continued backlog growth and healthy booking trends, particularly in the industrial end market, which has been driving revenue gains.
In its third-quarter results, Analog Devices reported revenue of $2.88 billion, ahead of analysts’ expectations of $2.77 billion. The industrial segment, which represents 45% of its total sales, rose 23% to $1.29 billion, underscoring strong demand for semiconductor solutions powering automation, sensing, and control systems across industries.
The automotive segment also posted solid growth, with sales rising 22% to $850.6 million in the third quarter. With the strong momentum across its key markets, Analog Devices’ outlook signals resilience and a competitive edge in navigating market challenges tied to shifting trade and tariff policies.