Analog Devices Reports Record Q3 Earnings and Strong Growth Outlook
Analog Devices, Inc. (NASDAQ:ADI) reported record fiscal third-quarter revenue of $4.02 billion in its latest earnings call on August 19, 2026. The results marked an 11% sequential increase and a 40% year-over-year growth driven by strong performance across industrial, automotive, communications, and consumer markets. Adjusted EPS reached a record high of $3.45, up both sequentially and annually. The company highlighted expanding opportunities in AI infrastructure, particularly in data centers and energy management. CEO Vincent Roche emphasized the growing demand for power management solutions due to increasing constraints on energy availability as AI scales. ADI expects optical circuit-switching revenue to nearly double this year and again by 2027. The firm also forecasted strong Q4 performance with $4.3 billion in expected revenue, a 52% adjusted operating margin, and an EPS of $3.86. Looking ahead, Analog Devices described fiscal 2027 as a 'brisk growth year,' though it noted potential risks from macroeconomic conditions, geopolitical tensions, and AI spending volatility.
Tickers: $ADI
Topics: AI Infrastructure Earnings Market Outlook Revenue Growth