Analog Devices (NASDAQ:ADI) delivered fourth-quarter results that came in ahead of expectations, with strong growth in its automotive business helping compensate for softer performance in its industrial segment.
The semiconductor manufacturer reported total revenue of $3.08 billion, topping Bloomberg’s consensus estimate of $3.02 billion.
Its industrial division — which makes up over 45% of total company sales — generated $1.43 billion, coming in slightly below the projected $1.46 billion.
Meanwhile, revenue from the automotive segment impressed, reaching $852.2 million, well above forecasts of $766.8 million. The company also noted that bookings remained “healthy,” closing out what it described as a “robust year of both cyclical and idiosyncratic growth.”
Adjusted earnings were $2.26 per share, narrowly beating expectations of $2.23.
Looking ahead, Analog Devices issued fiscal first-quarter guidance that also surpassed market forecasts. The company expects $3.1 billion in revenue, give or take $100 million, versus Bloomberg’s consensus estimate of $2.97 billion. Adjusted EPS is projected at $2.29, plus or minus $0.10.
“While macro uncertainty will likely influence the shape of our fiscal 2026, we believe we are well positioned to continue capitalizing on the ongoing cyclical recovery and our secular growth opportunities,” CFO Richard Puccio said.
Shares of the Massachusetts-based chipmaker rose in U.S. premarket trading on Tuesday.