Analog Devices Q2 revenue, adjusted profit beat on strong demand

Analog Devices

20/05/2026 12:09

Overview

US semiconductor maker's fiscal Q2 revenue rose 37% yr/yr, beating analyst expectations

Adjusted EPS for fiscal Q2 grew 67% yr/yr and beat analyst expectations

Company returned $1.3 bln to shareholders via dividends and share repurchases in Q2

Outlook

Analog Devices forecasts Q3 revenue of $3.9 bln, +/- $100 mln

Company expects Q3 reported EPS of $2.60, +/- $0.15 and adjusted EPS of $3.30, +/- $0.15

Analog Devices sees continued strong growth in Q3, citing positive demand signals and record bookings

Result Drivers

RECORD DEMAND - Co said record demand across all end markets, led by Industrial and Communications, drove Q2 results

OPERATIONAL DISCIPLINE - CEO Vincent Roche said results reflected sharp operational discipline in addition to demand strength

STRONG BOOKINGS - CFO Richard Puccio said record bookings in B2B markets, including Industrial, Automotive, and Communications, signaled continued demand

Company press release: ID:nPn2cxcqNa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$3.62 bln
$3.51 bln (24 Analysts)
Q2 Adjusted EPS
Beat
$3.09
$2.90 (24 Analysts)
Q2 EPS
$2.40
Q2 Adjusted Operating Income
Beat
$1.77 bln
$1.63 bln (22 Analysts)
Q2 Adjusted Operating Margin
49%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 30 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for Analog Devices Inc is $405.00, about 2.2% below its May 19 closing price of $414.31

The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 30 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)