FinDog Earnings CheckupEarnings release 08-19 · 10-Q 08-19Data from SEC filings

Analog Devices FY26 Q3: record $4.02 billion revenue, margins jump

Analog Devices posted record fiscal third-quarter revenue of $4.02 billion, up 40.0% from a year ago, with gross margin at 67.3% and adjusted EPS of $3.45. Management guided the current quarter to $4.30 billion, and the company returned $1.69 billion to shareholders. That combination — accelerating sales, fatter margins and heavy cash return — is why the read here is Bullish. Below, we unpack the numbers line by line.

1 · Expected vs. Actual

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EPS (non-GAAP)

$3.45

No consensus · YoY —

GAAP diluted EPS rose 163.0% to $2.74 from $1.04, while adjusted EPS rose 68.0% to $3.45 from $2.05. The $0.71 gap between the two is mostly acquisition-related expenses of $0.81 per share, partly offset by a $0.10 tax item. Adjusted operating margin reached 50.0%, up from 42.2% a year earlier.

Revenue

$4.02B

No consensus · YoY +39.6%

Revenue of $4.02 billion was a record and 40.0% above last year's $2.88 billion. Industrial, the largest end market at $1.97 billion, grew 53.0%, and communications grew 84.0% to $0.65 billion. Automotive added 16.0% and consumer 6.0%, so growth is broad but clearly led by Industrial and data-center-linked demand.

Next-quarter revenue guidance

Below estimates

$4.30B ±2.3%

Est. $4.33B · −0.8%

Management guided fiscal Q4 revenue to $4.30 billion, plus or minus $100 million, with adjusted EPS of $3.86 and reported EPS of $3.14. That revenue midpoint sits slightly below the $4.33 billion analyst estimate shown here. Adjusted operating margin is forecast at 52.0%, which would be another step up from the 50.0% just delivered.

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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17

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