Analog Devices Reports Strong Q3 2026 Earnings with Revenue Growth Across Key Sectors
Analog Devices (ADI) reported third-quarter revenue of $4.02 billion, a 40% year-over-year increase driven by strong demand in industrial, automotive, and communications markets. Adjusted gross margin rose to 72.5%, while adjusted operating margin reached 50.0%, up significantly from the prior year due to improved efficiency and execution discipline. The company highlighted robust performance across all major segments: Industrial revenue grew 53% to $1.97 billion, Automotive increased by 16% to $998 million, Communications surged 84% to $655 million largely from data center demand, and Consumer revenue rose 6%. Analog Devices also completed the Empower acquisition for $1.5 billion in July 2026 to enhance its power management offerings. Looking ahead, ADI provided Q4 guidance with expected revenue of around $4.3 billion and adjusted EPS of approximately $3.86. The company continues to prioritize shareholder returns, allocating $1.7 billion through dividends and buybacks in the third quarter.
Tickers: $ADI
Topics: adjusted_gross_margin automotive_growth data_center_demand revenue