Analog Devices reported second quarter 2026 revenue of $3.62 billion, up 37% year-over-year, and adjusted EPS of $3.09, easily surpassing analyst expectations. The company provided a strong outlook, forecasting continued growth in the third quarter.
Key Highlights
- The Industrial segment, a key investor focus, reported revenue of $1.80 billion, representing 56% year-over-year growth and accounting for 50% of total sales.
- Adjusted operating margin expanded to 49.0%, an increase of 780 basis points from 41.2% in the same quarter last year, reflecting strong operational discipline.
- The company guided third quarter revenue to a midpoint of $3.9 billion, suggesting momentum will continue into the second half of the fiscal year.
- Management cited record demand and record bookings across its Industrial, Automotive, and Communications markets as drivers for the strong performance.