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Sentiment · FY2026 Q2
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Tore Svanberg | Stifel | 8 | 0% |
| Joshua Buchalter | TD Cowen | 7 | 14% |
| Stacy Rasgon | Bernstein | 7 | 43% |
| Vivek Arya | Bank of America | 7 | 0% |
| Joe Moore | Morgan Stanley | 6 | 0% |
| Chris Danely | Citigroup | 5 | 20% |
| Harlan Sur | JPMorgan | 4 | 0% |
| Tim Arcuri | UBS | 4 | 0% |
| Chris Caso | Wolfe Research | 4 | 0% |
| Ross Seymore | Deutsche Bank | 3 | 0% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Stifel | 1 | 8 | 0% |
| Bank of America | 1 | 7 | 0% |
| Bernstein | 1 | 7 | 43% |
| TD Cowen | 1 |
| 7 |
| 14% |
| Morgan Stanley | 1 | 6 | 0% |
| Citigroup | 1 | 5 | 20% |
| UBS | 1 | 4 | 0% |
| Wolfe Research | 1 | 4 | 0% |
ADI delivered record Q2 results with revenue of $3.62 billion (+37% YOY) and adjusted EPS of $3.09, both exceeding the high end of guidance. Growth was led by industrial (+56% YOY) driven by aerospace and defense, ATE, and broad market recovery, alongside data center communications surging more than 90% YOY on optical and power demand. The automotive segment reached a record quarter with BMS returning to double-digit YOY growth for the first time in two years, and management announced the Empower Semiconductor acquisition to extend its vertical power delivery platform for AI accelerators. Operating margin expanded 780 basis points to 49%, with Q3 guided at $3.9 billion revenue midpoint implying continued above-seasonal growth.
Demand | Revenue Growth | Margin | Cloud & AI | Inventory | Trade Tariffs | Innovation & R&D | Supply Chain | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 5 | 2 | 2 | 1 | 1 | ||
| 2025Q1 | 3 | 1 | 1 | 3 | 2 | 2 | 1 | |
| 2025Q2 | 6 | 1 | 1 | 1 | 2 | 3 | 1 | 1 |
| 2025Q3 | 5 | 2 | 4 | 1 | 2 | 3 | 1 | 2 |
| 2025Q4 | 3 | 3 | 2 | 1 | 1 | 2 | ||
| 2026Q1 | 5 | 4 | 1 | 2 | 2 | 1 | 1 | |
| 2026Q2 | 3 | 3 | 3 | 2 | 1 | 1 | 3 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|---|
| Demand | 3 | 3 | 6 | 5 | 3 | 5 | 3 |
| Revenue Growth | 5 | 1 | 1 | 2 | 3 | 4 | 3 |
| Margin | 2 | 1 | 4 | 2 | 1 | 3 | |
| Cloud & AI | 2 | 1 | 1 | 1 | 1 | 2 | 2 |
| Inventory | 3 | 2 | 2 | 2 | 1 | ||
| Trade Tariffs | 2 | 3 | 3 | 1 | 1 | ||
| Innovation & R&D | 1 | 2 | 1 | 1 | 2 | 1 | 1 |
| Supply Chain | 1 | 1 | 1 | 2 | 3 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
ADI Analog Devices | 9 | +37.3% | |
| AMAT Applied Materials | 9 | +11.4% | |
| AMD Advanced Micro Devices, Inc. | 9 | +37.9% | |
| ARM Arm Holdings | 7 | +20.1% | |
| ASML ASML Holding | 9 | +13.3% | |
| AVGO Broadcom Inc. | 9 | +29.5% | |
| INTC Intel Corporation | 6 | +7.2% | |
| KLAC KLA Corporation | 7 | +11.5% | |
| LRCX Lam Research | 9 | +23.8% | |
| MCHP Microchip Technology | 9 | +35.1% | |
| MPWR Monolithic Power Systems | 10 | +26.1% | |
| MRVL Marvell Technology | 10 | +27.6% | |
| MU Micron Technology, Inc. | 9 | +196.3% | |
| NVDA NVIDIA Corporation | 9 | +85.2% | |
| NXPI NXP Semiconductors | 7 | +12.2% | |
| ON ON Semiconductor | 6 | +4.7% | |
| Q Qnity Electronics, Inc. | 10 | +17.6% | |
| QCOM Qualcomm | 3 | -3.5% | |
| SWKS Skyworks Solutions | 3 | -1.0% | |
| TER Teradyne | 9 | +87.0% | |
| TXN Texas Instruments | 9 | +18.6% |