Earnings Call
May 20, 2026
Q2 FY2026
EPS Estimate
2.89
EPS Actual
3.09
Post-Earnings Close
$398.05
Earnings Reaction
-3.9%
Analog Devices delivered a blowout second quarter of fiscal 2026, with revenue of $3.62 billion and adjusted EPS of $3.09 both setting all-time company records and finishing above the high end of guidance. Revenue grew 15% sequentially and 37% year-over-year, while EPS surged 67% year-over-year and 26% sequentially, a performance that emphatically confirms the cyclical recovery underway is broad-based and accelerating rather than narrowly concentrated. The beat was driven by volume, not incremental pricing, with management noting that pricing actions played out exactly as expected and contributed a couple of points to full-year 2026 growth as previously guided.
Report generated on May 20, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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