Analog Devices Q3 revenue beats estimates on data center, industrial growth

Analog Devices

19/08/2026 12:23

Overview
US semiconductor maker's fiscal Q3 revenue rose 40% yr/yr, beating analyst expectations
Adjusted EPS for fiscal Q3 increased 68% yr/yr and beat analyst expectations
Company returned $1.7 bln to shareholders via dividends and share repurchases in Q3

Outlook
Analog Devices forecasts Q4 revenue of $4.3 bln, +/- $100 mln
Company expects Q4 reported EPS of $3.14, +/- $0.15 and adjusted EPS of $3.86, +/- $0.15
Analog Devices anticipates Q4 reported operating margin of 42.6% and adjusted margin of 52.0%

Result Drivers
BROAD-BASED DEMAND - Co said demand strengthened across product portfolio and regions, supporting Q3 results
DATA CENTER AND INDUSTRIAL GROWTH - Co said yr/yr revenue growth was led by Data Center and Industrial segments
INNOVATION AND MANUFACTURING AGILITY - Co attributed results to innovation, deep customer collaboration, and manufacturing agility, per CEO Vincent Roche

Company press release: ID:nPnbBvWMKa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$4.02 bln
$3.92 bln (23 Analysts)
Q3 Adjusted EPS
Beat
$3.45
$3.33 (23 Analysts)
Q3 EPS
 
$2.74
 
Q3 Adjusted Operating Income
Beat
$2.01 bln
$1.93 bln (22 Analysts)
Q3 Adjusted Operating Margin
 
50.00%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 29 "strong buy" or "buy", 4 "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 $460.00, about 22.1% above its August 18 closing price of $376.63
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 33 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.)