Analog Devices, Inc. (ADI) Earnings Call Transcripts

Analog Devices, Inc.'s Latest Earnings Call - Q3 FY2026

In the third quarter of fiscal year 2026, Analog Devices, Inc. (ADI) reported record revenue of $4.02 billion, surpassing expectations and reflecting a 40% year-over-year increase. Earnings per share (EPS) reached $3.45, up 68% year-over-year. Management provided guidance for the fourth quarter, projecting revenue of approximately $4.3 billion and adjusted EPS of $3.86, indicating robust growth momentum driven by strong demand in data centers and industrial markets, particularly related to AI and energy solutions.

Reported metrics

Guidance from management

Management expects Q4 revenue to be approximately $4.3 billion and adjusted EPS to be around $3.86, reflecting continued strong demand across key markets.

What management said

So I think, in summary, we're -- we believe we're very well positioned as a company. But I think the things that are under our control, I think we're executing well on. But there's a lot of things that can happen with the macro. There's heightened geopolitical risk and rate hikes, of course. There's a lot of volatility, as we all know, in the financial markets. Perhaps AI CapEx could slow or decrease. But all that sa...

Yes. So I think, Stacy, rather than give you a number for '27, we're almost double X on a pace to be 2x in '26. And my sense is that we'll see an extended runway to at least 2030 for strong double-digit growth across the data center market as well as the energy space, by the way, which today is about $0.5 billion revenue for ADI. I think by the end of the decade, that business will double.

What analysts pressed on

Analysts expressed concerns about potential supply chain constraints as demand continues to rise. There were inquiries regarding ADI's capacity to meet this demand and the impact of inflation on margins moving forward.

Main topics on the call

• Record Revenue Achievement — ADI achieved its first $4 billion quarter, with revenue of $4.02 billion, exceeding the high end of guidance. CEO Vincent Roche noted, "Demand for our solutions continues to grow, supported by robust AI and defense spend...
• Strong Growth Across End Markets — Revenue growth was broad-based, with industrial up 53% year-over-year and data center revenue doubling. CFO Richard Puccio stated, "Growth was broad-based across markets and regions."
• Margin Performance — Gross margin for the quarter was 72.5%, up 330 basis points year-over-year, driven by higher revenue and favorable mix. Management expects gross margins to improve to about 74% in Q4, indicating strong operational effici...
• Guidance for Q4 — Management provided a revenue outlook of $4.3 billion for Q4, with adjusted EPS expected at $3.86. This guidance reflects continued strong demand and operational execution.

Read the full Analog Devices, Inc. transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 86 Analog Devices, Inc. earnings call transcripts on record, spanning January 7, 2020 to August 19, 2026. Based on this history, Analog Devices, Inc. reports quarterly. The most recent call on file is dated August 19, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ADI

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Semiconductors and Semiconductor Equipment

Calls on record

86

First call

January 7, 2020

Most recent

August 19, 2026

Reporting cadence

quarterly