Earnings Call
Aug 19, 2026
Q3 FY2026
EPS Estimate
3.34
EPS Actual
3.45
Post-Earnings Close
$373.26
Earnings Reaction
-0.9%
Analog Devices crossed a historic threshold in its fiscal third quarter, posting revenue of $4.02 billion, the first $4 billion quarter in the company's history, and beating both the top end of its own guidance range and Street consensus. Adjusted EPS of $3.45 came in above the high end of the $2.60 reported / ~$3.34 adjusted consensus framework, with operating margin hitting 50%, up 780 basis points year-over-year. The beat was broad-based: every end market grew sequentially and year-over-year, with communications leading at +84% YoY (driven by data center), industrial up 53% YoY, and automotive up 16% YoY. The headline numbers are impressive, but the more consequential signal from this call is the magnitude and confidence of the forward guide, Q4 revenue of $4.3 billion at the midpoint, operating margin of 52%, and EPS of $3.86, which implies continued acceleration rather than a plateau.
Report generated on Aug 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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