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Sentiment · FY2026 Q3
As of FY2026 Q2, the Tellvest earnings-call sentiment score for Analog Devices (ADI) is 9/10.
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.
Scored from Analog Devices’s FY2026 Q2 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $2.44B | -10.1% | $0.96 | -3.0% | 58.0% | 23.3% | 19.6% | $885M |
| FY2025 Q1 | $2.42B | -3.6% | $0.78 | -16.1% | 59.0% | 20.3% | 16.1% | $978M |
| FY2025 Q2 | $2.64B | +22.3% | $1.14 | +86.9% | 61.0% | 25.7% | 21.6% | $729M |
| FY2025 Q3 | $2.88B | +24.6% | $1.04 | +31.6% | 62.1% | 28.4% | 18.0% | $1.09B |
| FY2025 Q4 | $3.08B | +25.9% | $1.60 | +66.7% | 63.1% | 30.7% | 25.6% | $1.49B |
| FY2026 Q1 | $3.16B | +30.4% | $1.69 | +116.7% | 64.7% | 31.5% | 26.3% | $1.26B |
| FY2026 Q2 | $3.62B | +37.2% | $2.40 | +110.5% | 67.3% | 38.1% | 32.5% | $734M |
| FY2026 Q3 | $4.02B | +39.6% | $2.74 | +163.5% | 67.3% | 40.1% | 33.3% | $1.46B |