Analog Devices Posts Record Q3, Forecasts $4.3B Revenue for AI-Driven Q4

WILMINGTON, Mass. — Semiconductor titan Analog Devices, Inc. (NASDAQ: ADI) announced record financial results for its fiscal third quarter 2026, surpassing its own projections and setting the stage for what it forecasts will be a landmark closing quarter. The company’s performance, driven by resilient demand across all end markets, underscores its strategic pivot to capitalize on the expanding artificial intelligence ecosystem. For the quarter ended August 1, 2026, ADI reported revenue, margin, and earnings above the midpoint of its prior outlook. Chief Executive Officer and Chair Vincent Roche attributed the success to the company’s hybrid manufacturing model and deep customer collaborations. "We continue to extend our leadership through a powerful combination of innovation, deep customer collaboration, and manufacturing agility," Roche stated. "Our investments... provide a unique advantage to create, deliver, and capture value in the AI era – for customers and investors alike." Chief Financial Officer Richard Puccio noted that demand strengthened throughout the period, directly informing a bullish forecast for the upcoming quarter. Looking ahead, ADI provided a robust outlook for its fiscal fourth quarter 2026. The company anticipates revenue of approximately $4.3 billion, plus or minus $100 million. At the midpoint of this guidance, it expects an adjusted operating margin of 52.0% and adjusted earnings per share of $3.86. This outlook, described by Puccio as a "record," suggests the company is finishing its fiscal year with significant momentum expected to carry into 2027. Concurrent with the earnings release, ADI’s Board of Directors declared a quarterly cash dividend of $1.10 per outstanding share, payable on September 15, 2026. The company’s results and projections utilize certain non-GAAP financial measures, which it states are used internally for operational management and to evaluate core business performance. ADI cautions that these measures have limitations and should be considered alongside GAAP results. The forward-looking statements are subject to risks and uncertainties, including macroeconomic conditions, supply chain dynamics, and competitive pressures, as detailed in the company’s SEC filings. ADI will host a conference call to discuss the quarterly results and its short-term outlook further.