Analog Devices, Inc. (ADI) Earnings Call Transcripts
Analog Devices, Inc.'s Latest Earnings Call - June 2, 2026
In the second quarter of fiscal year 2026, Analog Devices, Inc. (ADI) reported strong growth driven by increased demand in the mass market and automotive sectors. Revenue reached $3.2 billion, exceeding expectations, while earnings per share (EPS) came in at $1.45, beating estimates by $0.10. Management raised guidance for the fiscal year, projecting revenue growth of 15% year-over-year, signaling confidence in sustained demand across key markets.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $3.2B (beat) |
| EPS | $1.45 (beat) |
| Gross Margin | 72.5% (inline) |
| Automotive Revenue Growth | 15% YoY (positive) |
| CapEx Guidance | $700M (neutral) |
| Revenue Growth Guidance | 15% YoY (positive) |
Guidance from management
Management raised revenue growth guidance to 15% year-over-year, indicating strong demand across key sectors. They expect continued growth in automotive and AI infrastructure spending.
What management said
I don't know -- it's interesting. It depends how you define the cycle because every forecast is still shows auto units coming down probably closer to 24 levels, which were -- because obviously 25 came up a little bit from 24% back down to 24%. So I don't know if the units has bottomed out. But certainly for us, the content share is continuing to allow us to grow.
What analysts pressed on
Analysts expressed concerns about potential inventory build-up and the sustainability of automotive demand. They also questioned the impact of pricing strategies on long-term customer relationships.
Main topics on the call
- Mass Market Growth — Management noted a 'very significant growth in the mass market part of the business,' which is a classic sign of an upcycle. This growth is expected to complement existing idiosyncratic growth areas.
- Automotive Sector Acceleration — Automotive demand accelerated unexpectedly, with management stating, 'we saw some evidence of that with some pretty aggressive acceleration in orders.' This sector is projected to continue growing, driven by increased co...
- AI Infrastructure Spending — Management highlighted a 'continued acceleration in the ramp in the AI infrastructure spend,' which is positively impacting various end markets, including industrial and communications.
- Pricing Strategy — Management indicated that recent pricing increases were necessary to recover from prior inflationary pressures, stating, 'this was not a supply shortage, so we're increasing your price.' They plan to maintain a dynamic p...
Read the full Analog Devices, Inc. transcript (June 2, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Analog Devices, Inc.
Analog Devices, Inc. (ADI) is a publicly listed company in the Semiconductors and Semiconductor Equipment industry, within the Information Technology sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 85 calls on record spanning January 7, 2020 to June 2, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 85 Analog Devices, Inc. earnings call transcripts on record, spanning January 7, 2020 to June 2, 2026. Based on this history, Analog Devices, Inc. reports quarterly. The most recent call on file is dated June 2, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- ADI
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Information Technology
- Calls on record
- 85
- First call
- January 7, 2020
- Most recent
- June 2, 2026
- Reporting cadence
- quarterly