Analog Devices boasted a 40% revenue jump to $4.02 billion in the third quarter, surpassing analyst forecasts of $3.92 billion. The surge was driven by heightened demand for data‑center hardware and industrial chips, underscoring the company's strong position in AI‑related infrastructure.

Net income climbed to $1.34 billion, or $2.74 per share, compared to $518.5 million and $1.04 a share a year earlier. Adjusted earnings reached $3.45 per share, outpacing the $3.34 estimate from Fact Set.

The company’s upbeat outlook for the fourth quarter reflects confidence in continued momentum, with expectations that the AI data‑center boom will sustain the growth trajectory. Analysts pointed to efficient cost management and a broad product lineup as drivers of this resilience.

These results highlight how Analog Devices is capitalizing on the AI wave, benefiting from robust data‑center and industrial segments while delivering solid returns to shareholders.