Analog Devices (ADI) Q1 2026

Q2 2026 Q1 2026 Q4 2025 Q3 2025

Earnings

Analog Devices kicked off fiscal 2026 with a quarter that exceeded expectations on both the top and bottom lines, as broad-based demand strength and expanding margins drove the chipmaker well past Wall Street forecasts. Revenue of $3.16 billion climb… Read more Analog Devices kicked off fiscal 2026 with a quarter that exceeded expectations on both the top and bottom lines, as broad-based demand strength and expanding margins drove the chipmaker well past Wall Street forecasts. Revenue of $3.16 billion climbed 30.4% year-over-year and edged above the $3.12 billion consensus, while adjusted diluted EPS of $2.46 beat the $2.31 estimate by 6.55%, growing 51% from the prior-year period's $1.63. The single most decisive driver was a surge in Communications revenue, up 63% year-over-year to $476.80 million, fueled by record data center orders that CFO Richard Puccio highlighted as a standout development, reflecting accelerating AI infrastructure buildout. Industrial, the company's largest segment at $1.49 billion, contributed its own 38% year-over-year lift, reinforcing the breadth of the recovery. Adjusted operating margin expanded 500 basis points to 45.5%, and free cash flow reached $1.26 billion for the quarter. Looking ahead, management guided fiscal Q2 revenue to $3.50 billion, with adjusted EPS of $2.88, projecting continued bookings momentum despite a complex geopolitical backdrop.