Analog Devices 8-K
PositiveEarningsNew guidance
Data Center and Industrial led strengthening demand; management forecasts record Q4 revenue.
Filed 2026-08-19 07:03 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q3 FY2026 results with Q4 guidance. Revenue rose 40% Y/Y, led by Data Center and Industrial, as demand strengthened across product lines and regions. ADI forecast record Q4 revenue and said it expects to carry momentum into FY2027.
Key Figures
| Metric | Q3 FY2026 | Q3 FY2025 | Y/Y |
|---|---|---|---|
| Revenue | $4.02B | $2.88B | 40% |
| Operating income (GAAP) | $1.61B | $818M | 97% |
| Adjusted operating income (non-GAAP) | $2.01B | $1.22B | 65% |
| Net income | $1.34B | $519M | 158% |
| Diluted EPS (GAAP) | $2.74 | $1.04 | 163% |
| Adjusted diluted EPS (non-GAAP) | $3.45 | $2.05 | 68% |
| Operating cash flow | $1.60B | $1.17B | 38% |
| Free cash flow (non-GAAP) | $1.46B | $1.09B | 34% |
- Industrial revenue rose 53% to $1.97B, Communications 84% to $655M, Automotive 16% to $998M and Consumer 6% to $397M.
- Trailing-12-month operating cash flow was $5.55B (40% of revenue) and free cash flow was $4.94B (36% of revenue).
- Returned $1.69B in Q3: $1.16B in repurchases and $535M in dividends. Shares outstanding fell 1.0% to 484.6M from 489.7M at 11/01/2025. The board declared a $1.10-per-share dividend, payable 9/15/2026 to holders of record 9/1/2026.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Revenue | Q4 FY2026 | $4.3B ±$100M | — | — |
| Operating margin (GAAP) | Q4 FY2026 | ≈42.6% ±150 bp | — | — |
| Operating margin (non-GAAP) | Q4 FY2026 | ≈52.0% ±100 bp | — | — |
| Nonoperating expense (GAAP) | Q4 FY2026 | ≈$80M | — | — |
| Nonoperating expense (non-GAAP) | Q4 FY2026 | ≈$80M | — | — |
| Tax rate (GAAP) | Q4 FY2026 | 12%–14% | — | — |
| Tax rate (non-GAAP) | Q4 FY2026 | 12%–14% | — | — |
| Diluted EPS (GAAP) | Q4 FY2026 | $3.14 ±$0.15 | — | — |
| Diluted EPS (non-GAAP) | Q4 FY2026 | $3.86 ±$0.15 | — | — |
Investor Takeaways
- Q4 revenue, operating margins and EPS versus the company’s outlook will show whether strengthening demand sustains the reported momentum.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3