ADI
Analog Devices Q3 FY26 earnings
Revenue $4.0B, up 40% from a year ago. Net income $1.3B.
Analog Devices printed the largest revenue increase of the week's filers: 40%, to $4.0B. Industrial, 49% of revenue, grew 53%; Communications grew 84% to 16% of revenue. Net income rose 158% to $1.3B, 33.3% of revenue.
$1.59B of acquisition amortization ran through FY25 income.
Analog Devices ran $1.59B of amortization of acquired intangibles through FY25 income, recorded partly in cost of sales and partly in operating expenses, as filed. The series runs back to FY14; 53-week years wear a mark.
Where the revenue came from
| Segment | Amount | % of revenue% | Y/Y |
|---|---|---|---|
| Industrial | $2.0B | 49.0% | +53% |
| Automotive | $998M | 24.8% | +16% |
| Communications | $655M | 16.3% | +84% |
| Consumer | $397M | 9.9% | +6% |
The quarter, line by line
| Line | Amount | % of revenue% | Y/Y |
|---|---|---|---|
| Revenue | $4.0B | +40% | |
| Cost of revenue | $1.3B | 32.7% | +21% |
| Gross profit | $2.7B | 67.3% | +51% |
| Operating expenses | $1.1B | 27.2% | +13% |
| Operating income | $1.6B | 40.1% | +97% |
| Pretax income | $1.5B | 38.4% | |
| Income tax | $206M | 5.1% | -16% |
| Net income | $1.3B | 33.3% | +158% |
The last 8 quarters
| Quarter ended | Revenue | Net income | Net margin |
|---|---|---|---|
| Aug 1, 2026 | $4.0B | $1.3B | 33.3% |
| May 2, 2026 | $3.6B | $1.2B | 32.5% |
| Jan 31, 2026 | $3.2B | $831M | 26.3% |
| Nov 1, 2025 | $3.1B | $788M | 25.6% |
| Aug 2, 2025 | $2.9B | $519M | 18.0% |
| May 3, 2025 | $2.6B | $570M | 21.6% |
| Feb 1, 2025 | $2.4B | $391M | 16.1% |
| Nov 2, 2024 | $2.4B | $478M | 19.6% |