Jul 2026 (Q3 FY26) — Aug 19, 2026
Analog Devices Q3 FY26 — Record Revenue and Strong AI-Driven Growth
Read the full callAnalog Devices (ADI) earnings
- Aug 2026
- Jul 2026 (Q3 FY26)
- Nov 2025
Analog Devices earnings: last reported Wed, 19 Aug 2026, for the quarter ended Jul 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 4,022 | +39.6% YoY | Quarterly, as filed | Quarter to Aug 2026 | Revenue from operations as filed. |
| Operating margin | 40.1 | +11.7 pts YoY | Operating profit / revenue | Quarter to Aug 2026 | For the quarter; a change is in percentage points. |
| Net profit | 1,340 | +158.4% YoY | Quarterly, as filed | Quarter to Aug 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
64 of 72 judged targets kept · 13 open · verdicts reflect calls analysed to Jul 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Automotive revenue growth (sequential) | mid- to high single digits | Apr 2026 | Automotive represented 25% of revenue, finishing up 14% sequentially and 16% year-over-year. | Achieved |
| Automotive revenue growth | grow in fiscal '26 | Jan 2026 | Automotive represented 25% of revenue, finishing up 14% sequentially and 16% year-over-year. Our higher content and share positions globally continue to result in growth well above SAAR. | On Track |
8 of ANALOG DEVICES INC's 85 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 83 more targets are in the full ledger.
Claimed
- Achieved record revenue of $4.02 billion, exceeding outlook, up 11% sequentially and 40% year-over-year.
- Delivered record non-GAAP EPS of $3.45, up 12% sequentially and 68% year-over-year, finishing at the high end of outlook.
- Non-GAAP operating margin reached 50%, up 100 basis points sequentially and 780 basis points year-over-year.
- Communications revenue grew 18% sequentially and 84% year-over-year, driven by data center (80% of segment) with over 100% YoY growth in optical and power.
- Industrial revenue increased 10% sequentially and 53% year-over-year, led by ATE, electronic test and measurement, aerospace and defense, and automation.
Qualified
Price
$394.35 −0.28% · −$1.09
Performance +62.4% 1Y
1Y: $242.87 on 17 Oct 2025 → $394.35. High $445.48 (22 Jun 2026), low $225.2 (20 Nov 2025).
- Previous close
- $395.44
- 52-week range
- $225.2 – $445.48
- One year
- +60.16%
Overview
- Symbol
- ADI
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
64 of 72 judged targets kept · 13 open · verdicts reflect calls analysed to Jul 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Automotive revenue growth (sequential) | mid- to high single digits | Apr 2026 | Automotive represented 25% of revenue, finishing up 14% sequentially and 16% year-over-year. | Achieved |
| Automotive revenue growth | grow in fiscal '26 | Jan 2026 | Automotive represented 25% of revenue, finishing up 14% sequentially and 16% year-over-year. Our higher content and share positions globally continue to result in growth well above SAAR. | On Track |
Claimed
- Achieved record revenue of $4.02 billion, exceeding outlook, up 11% sequentially and 40% year-over-year.
- Delivered record non-GAAP EPS of $3.45, up 12% sequentially and 68% year-over-year, finishing at the high end of outlook.
- Non-GAAP operating margin reached 50%, up 100 basis points sequentially and 780 basis points year-over-year.
- Communications revenue grew 18% sequentially and 84% year-over-year, driven by data center (80% of segment) with over 100% YoY growth in optical and power.
- Industrial revenue increased 10% sequentially and 53% year-over-year, led by ATE, electronic test and measurement, aerospace and defense, and automation.
Qualified
The full ledger
Open ANALOG DEVICES INC’s full ledger
A free account opens 5 company ledgers a month. All 85 tracked commitments, with each call’s wording and source.
Call summaries
May 2026 (Q2 FY26) — May 20, 2026
Analog Devices Q2 FY26 — record $3.62B revenue and $3.09 EPS on broad-based industrial and data-center strength
Read the full callFeb 2026 (Q1 FY26) — Feb 18, 2026
Analog Devices Q1 FY26 — Strong Growth Across Key Markets, Raised Dividend, and Robust AI-Driven Demand
Read the full callEvery analysed call
Analog Devices earnings calls (ADI)
Financials
What the filings say
Net profit, year on year: +158% (quarter to aug 2026 against aug 2025).
| Line item | Nov 2024 | Feb 2025 | May 2025 | Aug 2025 | Nov 2025 | Jan 2026 | May 2026 | Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,443 | 2,423 | 2,640 | 2,880 | 3,076 | 3,160 | 3,623 | 4,022 |
| Operating profit | 569 | 491 | 678 | 818 | 945 | 997 | 1,380 | 1,613 |
| Operating margin | 23.3% | 20.3% | 25.7% | 28.4% | 30.7% | 31.6% | 38.1% | 40.1% |
| Other income | -53 | -56 | -52 | -55 | -58 | -51 | -55 | -67 |
| Interest | 83 | 75 | 75 | 80 | 88 | 86 | 88 | 89 |
| Profit before tax | 516 | 436 | 626 | 763 | 887 | 946 | 1,325 | 1,546 |
| Tax rate | 7.4% | 10.2% | 9.0% | 32.1% | 11.2% | 12.2% | 11.2% | 13.3% |
| Net profit | 478 | 391 | 570 | 519 | 788 | 831 | 1,176 | 1,340 |
| EPS ($ per share) | — | 0.79 | 1.15 | 1.05 | — | 1.70 | 2.41 | 2.76 |
| Line item | Nov 2018 | Nov 2019 | Oct 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Nov 2024 | Nov 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 62 | 61 | 62 | 88 | 85 | 83 | 83 | 82 |
| Reserves | 5,983 | 6,899 | 7,236 | 7,517 | 8,721 | 10,357 | 10,197 | 10,540 |
| Total liabilities | 9,170 | 9,683 | 9,471 | 14,330 | 13,837 | 13,229 | 13,052 | 14,177 |
| Fixed assets | 1,154 | 1,220 | 1,121 | 1,979 | 2,401 | 3,219 | 3,416 | 3,316 |
| Investments | — | — | — | — | — | 0 | 372 | 1,153 |
| Total assets | 20,438 | 21,393 | 21,469 | 52,322 | 50,302 | 48,794 | 48,228 | 47,993 |
| Line item | Nov 2018 | Nov 2019 | Oct 2020 | Oct 2021 | Oct 2022 | Oct 2023 | Nov 2024 | Nov 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2,442 | 2,253 | 2,008 | 2,735 | 4,475 | 4,818 | 3,853 | 4,812 |
| Cash from investing | -314 | -293 | -181 | 2,144 | -657 | -1,266 | -1,105 | -1,322 |
| Cash from financing | -2,358 | -2,127 | -1,421 | -3,960 | -4,291 | -4,064 | -1,714 | -2,983 |
| Net cash flow | -231 | -168 | 408 | 922 | -507 | -513 | 1,033 | 508 |
| Capital expenditure | -255 | -275 | -166 | -344 | -699 | -1,261 | -730 | -534 |
| Free cash flow | 2,187 | 1,978 | 1,843 | 2,391 | 3,776 | 3,556 | 3,122 | 4,279 |
ADI revenue by segment
| Segment | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Reportable | — | — | — | — | — | 100% | 100% | 100% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
269 filings between Nov 3, 2025 and Oct 12, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$104.63M
205 sales by 8 insiders
92% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 26
- Award — granted as compensation
- 16
- Option exercise — converted options into shares
- 19
- Tax withheld — shares kept back by the company to cover tax
Also filed: 3 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| ROCHE VINCENT | — | $65.12M | Oct 1, 2026 |
| STATA RAY | — | $14.93M | Oct 7, 2026 |
| Cotter Martin | — | $11.49M | Jun 2, 2026 |
| Jain Vivek | — | $4.57M | Oct 8, 2026 |
| Sondel Michael | — | $3.80M | Feb 25, 2026 |
| Puccio Richard C Jr | — | $2.76M | Oct 6, 2026 |
| Golz Karen | — | $1.18M | Aug 27, 2026 |
| Nakamura Katsufumi | — | $793.3K | Oct 2, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 12, 2026 | ROCHE VINCENT Chair & CEO | Gift | 13,305 | $0 |
| Oct 8, 2026 | Jain Vivek Chief Operations/Tech Officer | Sale | 3,305 | $1.34M |
| Oct 7, 2026 | Jain Vivek Chief Operations/Tech Officer | Sale | 2,000 | $819.6K |
| Oct 7, 2026 | STATA RAY Director | Sale 10b5-1 plan | 26 | $10.7K |
| Oct 7, 2026 | STATA RAY Director | Sale 10b5-1 plan | 234 | $96.0K |
| Oct 7, 2026 | STATA RAY Director | Sale 10b5-1 plan | 65 | $26.7K |
| Oct 7, 2026 | STATA RAY Director | Sale 10b5-1 plan | 228 | $92.9K |
| Oct 7, 2026 | STATA RAY Director | Sale 10b5-1 plan | 482 | $195.9K |
| Oct 7, 2026 | STATA RAY Director | Sale 10b5-1 plan | 333 | $135.1K |
| Oct 7, 2026 | STATA RAY Director | Sale 10b5-1 plan | 48 | $19.6K |
| Oct 6, 2026 | STATA RAY Director | Sale 10b5-1 plan | 702 | $295.1K |
| Oct 6, 2026 | STATA RAY Director | Sale 10b5-1 plan | 428 | $179.5K |
| Oct 6, 2026 | STATA RAY Director | Sale 10b5-1 plan | 186 | $78.4K |
| Oct 6, 2026 | STATA RAY Director | Sale 10b5-1 plan | 100 | $41.8K |
| Oct 6, 2026 | Puccio Richard C Jr Chief Financial Officer | Sale 10b5-1 plan | 1,500 | $631.6K |
| Oct 2, 2026 | Jain Vivek Chief Operations/Tech Officer | Sale | 2,000 | $834.0K |
| Oct 2, 2026 | Nakamura Katsufumi Chief Customer Officer | Sale | 1,200 | $498.0K |
| Oct 1, 2026 | ROCHE VINCENT Chair & CEO | Sale 10b5-1 plan | 10,000 | $3.97M |
| Oct 1, 2026 | ROCHE VINCENT Chair & CEO | Option exercise 10b5-1 plan | 10,000 | $1.08M |
| Sep 22, 2026 | Puccio Richard C Jr Chief Financial Officer | Sale 10b5-1 plan | 1,500 | $573.3K |
| Sep 18, 2026 | ROCHE VINCENT Chair & CEO | Gift | 19,200 | $0 |
| Sep 9, 2026 | STATA RAY Director | Sale 10b5-1 plan | 72 | $26.4K |
| Sep 9, 2026 | STATA RAY Director | Sale 10b5-1 plan | 461 | $167.8K |
| Sep 9, 2026 | STATA RAY Director | Sale 10b5-1 plan | 158 | $57.2K |
| Sep 9, 2026 | STATA RAY Director | Sale 10b5-1 plan | 369 | $133.9K |
| Sep 9, 2026 | STATA RAY Director | Sale 10b5-1 plan | 356 | $129.9K |
| Sep 8, 2026 | STATA RAY Director | Sale 10b5-1 plan | 200 | $72.9K |
| Sep 8, 2026 | STATA RAY Director | Sale 10b5-1 plan | 222 | $80.7K |
| Sep 8, 2026 | STATA RAY Director | Sale 10b5-1 plan | 156 | $57.0K |
| Sep 8, 2026 | STATA RAY Director | Sale 10b5-1 plan | 12 | $4.4K |
| Sep 8, 2026 | STATA RAY Director | Sale 10b5-1 plan | 364 | $131.5K |
| Sep 8, 2026 | STATA RAY Director | Sale 10b5-1 plan | 462 | $167.3K |
| Sep 8, 2026 | Puccio Richard C Jr EVP and CFO | Sale 10b5-1 plan | 1,500 | $545.5K |
| Sep 1, 2026 | ROCHE VINCENT Chair & CEO | Sale 10b5-1 plan | 10,000 | $3.56M |
| Sep 1, 2026 | ROCHE VINCENT Chair & CEO | Option exercise 10b5-1 plan | 10,000 | $1.08M |
| Aug 27, 2026 | Golz Karen Director | Sale 10b5-1 plan | 1,000 | $374.5K |
| Aug 26, 2026 | Puccio Richard C Jr EVP and CFO | Sale 10b5-1 plan | 2,683 | $1.00M |
| Aug 17, 2026 | Jain Vivek EVP, Global Operations | Tax withheld | 1,111 | $433.6K |
| Aug 17, 2026 | Cotter Martin SVP, Vertical Business Units | Tax withheld | 705 | $275.1K |
| Aug 17, 2026 | Nakamura Katsufumi SVP, Chief Customer Officer | Tax withheld | 202 | $78.7K |
| Aug 17, 2026 | Puccio Richard C Jr EVP and CFO | Tax withheld | 1,108 | $432.5K |
| Aug 17, 2026 | ROCHE VINCENT Chair & CEO | Tax withheld | 2,878 | $1.12M |
| Aug 17, 2026 | Sondel Michael CAO (principal acct. officer) | Tax withheld | 237 | $92.7K |
| Aug 5, 2026 | STATA RAY Director | Sale 10b5-1 plan | 28 | $10.7K |
| Aug 5, 2026 | STATA RAY Director | Sale 10b5-1 plan | 86 | $32.8K |
| Aug 5, 2026 | STATA RAY Director | Sale 10b5-1 plan | 116 | $44.2K |
| Aug 5, 2026 | STATA RAY Director | Sale 10b5-1 plan | 229 | $86.9K |
| Aug 5, 2026 | STATA RAY Director | Sale 10b5-1 plan | 373 | $141.2K |
| Aug 5, 2026 | STATA RAY Director | Sale 10b5-1 plan | 271 | $102.3K |
| Aug 5, 2026 | STATA RAY Director | Sale 10b5-1 plan | 237 | $89.2K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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