Companies /Technology
Analog Devices Inc
NASDAQ: ADI Semiconductors
$406.25
▲ $0.06 (+0.01%) today
Markets closed · 10:41pm ET

Analog Devices (ADI) Q3 2026 Earnings

Reported Aug 19, 2026, 7:03am ET · SEC source
$3.45
Beat +3.32%
EPS · est. $3.34 Adjusted
$4.0B
Beat +2.36%
Revenue · est. $3.9B
+2.0%
Beating market
ADI vs S&P since report
5 quarters
Consecutive EPS beats

How Did ADI Stock React to Q3 2026 Earnings?

% change · around the report
−2%0+2%Aug 19Aug 20report 7:03am ETearnings−0.3%−1.9%
−2%0+2%Aug 19Aug 20earnings−0.3%−1.9%
ADI −1.9%S&P 500 −0.3%
−2%0Aug 19Aug 20report 7:03am ETearnings−0.7%−1.9%
−2%0Aug 19Aug 20earnings−0.7%−1.9%
ADI −1.9%NASDAQ −0.7%
−4%−2%0Aug 18Aug 27report 7:03am ETearnings+0.0%−1.1%
−4%−2%0Aug 18Aug 27earnings+0.0%−1.1%
ADI −1.1%S&P 500 +0.0%
−4%−2%0Aug 18Aug 27report 7:03am ETearnings+0.0%−1.1%
−4%−2%0Aug 18Aug 27earnings+0.0%−1.1%
ADI −1.1%NASDAQ +0.0%
−0.89%
Day of report
−0.81%
Next session
−0.39%
One week
+2.61%
30 days

S&P 500 over the same 30 days: +0.58%.

Did ADI Beat Earnings? Q3 2026 Results

Yes. Analog Devices reported Q3 2026 earnings of $3.45 a share on Aug 19, 2026, beating the $3.34 consensus estimate by 3.3%. Revenue was $4.0B against a $3.9B estimate.

Analog Devices delivered a standout fiscal third quarter for 2026, beating Wall Street expectations on both the top and bottom lines and extending its consensus EPS beat streak to four consecutive quarters. The chipmaker posted adjusted EPS of $3.45, clearing the $3.34 consensus estimate by 3.32%, while revenue of $4.02 billion topped the $3.93 billion consensus by 2.36% and surged 39.6% year-over-year. The primary engine behind that growth was broad-based demand across all end markets, with the Industrial segment alone contributing $1.97 billion and the Communications segment posting 84% year-over-year growth to $654.51 million, a gain widely attributed to data center and AI-related demand. Adjusted operating margin reached 50.0%, expanding 780 basis points from a year ago, reflecting powerful operating leverage on higher volumes. With institutional interest in ADI visibly rising heading into the print, the results appeared to validate that confidence. Looking ahead, management guided for Q4 revenue of $4.30 billion and adjusted EPS of $3.86, framing the outlook as a record quarter in the making and expressing confidence in carrying momentum into fiscal 2027.

Key Takeaways
  • Year-over-year growth led by Data Center and Industrial end markets
  • Broad-based demand across product portfolio and regions
  • Adjusted gross margin expanded 330 bps YoY to 72.5%
  • Adjusted operating margin expanded 780 bps YoY to 50.0%
  • Communications segment grew 84% YoY, the fastest among all segments
  • Industrial segment grew 53% YoY, representing 49% of total revenue

“ADI delivered a strong third quarter, exceeding the midpoint of our revenue, margin, and earnings outlook as we capitalized on broad-based demand.”

Analog Devices CEO, on the earnings call

What Is Analog Devices's Outlook?

For Q4 fiscal 2026, ADI forecasts revenue of $4.3 billion (+/- $100 million), reported operating margin of approximately 42.6% (+/- 150 bps), adjusted operating margin of approximately 52.0% (+/- 100 bps), reported EPS of $3.14 (+/- $0.15), and adjusted EPS of $3.86 (+/- $0.15). Management characterized this as a record fourth quarter outlook and expressed confidence in finishing the year strongly and carrying momentum into fiscal 2027.

ADI YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$2.0B$4.0B$2.9B$4.0BRevenue$1.8B$2.7BGross Profit$818.0M$1.6BOperating Income$518.5M$1.3BNet Income
$0$2.0B$4.0BRevenueGross ProfitOperating IncomeNet Income
ADI income statement, Q3 2026 versus Q3 2025
Metric Q3 2026 Q3 2025 Year over year
Revenue $4.0B $2.9B +39.6%
Gross Profit $2.7B $1.8B +51.3%
Operating Income $1.6B $818.0M +97.2%
Net Income $1.3B $518.5M +158.5%

ADI Revenue by Segment

Industrial$2.0B+53.0%
Automotive$998.2M+16.0%
Communications$654.5M+84.0%
Consumer$397.2M+6.0%

When Does Analog Devices Report Next?

Expected report date

Figures from SEC filings and company reports. Not investment advice.