Robert W. Baird Maintains a Buy Rating on Analog Devices (ADI) After Q2 Report

On May 22, Tristan Gerra of Robert W. Baird maintained a Buy rating on Analog Devices, Inc. (NASDAQ:ADI) with a price target of $250, after the company reported its fiscal second-quarter results for 2025.

Analog Devices, Inc. (NASDAQ:ADI) grew revenue by 22% year-over-year to $2.6 billion, whereas the adjusted EPS soared 32% year-over-year to $1.85. Both indicators topped analysts’ expectations, with revenue surpassing expectations by $134.02 million and EPS ahead of the consensus by $0.15.

Chair and CEO Vincent Roche noted:

“ADI delivered second-quarter revenue and earnings per share above the high end of guidance. Against a backdrop of global trade volatility, our performance reflects the ongoing cyclical recovery and the strength and resiliency of our business model”

Analog Devices, Inc. (NASDAQ:ADI) experienced increased bookings throughout the second quarter, thereby growing its backlog. As a result, for the third quarter, the company expects $2.75 billion in revenue, against a consensus of $2.6 billion, and EPS of $1.92 versus a consensus of $1.82. Gerra believes the company is well positioned with its product specifications and performance of its Automotive and Industrial segments, thus anticipating Analog Devices, Inc. (NASDAQ:ADI) to achieve its growth targets.

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