Analog Devices, Inc.: Record $4.02B quarter and first $4 billion quarter in company history

Analog Devices, Inc. 2026 Q3: Financial Performance summary

• Automotive was 25% of revenue, up 14% sequentially and 16% year-over-year, with strength in higher content and share globally.
• Communications was 16% of revenue, up 18% sequentially and 84% year-over-year; data center accounted for 80% of communications revenue and grew more than 100% year-over-year in both optical and power.
• Consumer was 10% of revenue, flat sequentially and up 6% year-over-year, with resilience despite memory-driven challenges.
• Industrial was 49% of Q3 revenue, up 10% sequentially and 53% year-over-year, led by ATE, electronic test and measurement, aerospace and defense, and automation.
• Q3 EPS was a record $3.45, up 12% sequentially and 68% year-over-year, and finished at the high end of outlook.
• Q3 gross margin was 72.5%, down 50 bps sequentially but up 330 bps year-over-year, driven by higher revenue, utilization, and favorable mix.
• Q3 operating margin was 50% (high end of outlook), up 100 bps sequentially and 780 bps year-over-year, supported by improved gross margin and execution discipline.
• Q3 revenue was $4.02 billion, above the high end of outlook, up 11% sequentially and 40% year-over-year.