Analog Devices is projected to report Q3 2026 revenue of $3.92 billion and consensus EPS of $3.33, with its current price of $393.22 trading at a discount to the $451.03 analyst target.
The central focus for this report is the recovery of the high-margin Industrial segment, which analysts estimate will grow over 50% year-over-year to $1.95 billion.
This rebound marks a turning point after extended inventory destocking, fueled by secular tailwinds in factory automation and AI data center demand. Investors are also watching for guidance on operating margins, which are expected to remain near a best-in-class 50%.