Analog Devices Inc.
ADI - Insider Information
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+ FollowMarket Cap$202.12B
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Earnings Call Q3 2026
August 19, 2026 - AI Summary
Q3 performance (strong beat; record quarter)
- Revenue $4.02B, above the high end of outlook; +11% sequentially and +40% YoY.
- Gross margin 72.5% ( +33 bps YoY, -50 bps QoQ ), helped by higher revenue/utilization and favorable mix.
- Operating margin ~50% (high end of outlook), +780 bps YoY; EPS $3.45 (record), +68% YoY and +12% QoQ.
Q4 guidance / near-term outlook (healthy profitability trajectory)
- Revenue $4.3B ± $100M; operating margin 52% ± 100 bps (midpoint).
- Adjusted EPS $3.86 ± $0.15; tax rate 12–14%; non-operating expenses ~$80M.
- Gross margin expectation: ~74% (about +150 bps vs current level), driven mainly by mix, higher fixed-cost absorption, and price adjustment; management expects GM to hold near exit level into Q4 barring revenue/mix slippage.
Demand strength & where growth is coming from (broad-based + secular)
- Industrial: 49% of revenue, +10% QoQ, +53% YoY (notably ATE, electronic test/measurement, aerospace & defense, automation).
- Automotive: 25% of revenue, +14% QoQ, +16% YoY (share/content above SAAR).
- Communications: 16% of revenue, +18% QoQ, +84% YoY; data center now ~80% of comms, with 100%+ YoY growth in both optical and power.
- Consumer: 10%, flat QoQ, +6% YoY; resilient despite memory-driven challenges.
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$179.10
55.9% downside
Current Fair Value
55.9% downsideOvervalued by 55.9% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $202.12 Billion |
|---|---|
| Enterprise Value | $209.53 Billion |
| Annual dividend | $4.29 |
| Dividend yield | 1.03% |
| Earnings per Share | $4.59 |
| Beta | 1.23 |
| Outstanding Shares | 487,500,000 |
Return
| Return on Equity | 12.32% |
|---|---|
| Return on Assets | 8.54% |
| Return on Invested Capital | 11.74% |
Valuation & Multiples
| P/E Ratio | 49.25 |
|---|---|
| PEG | 31.08 |
| Price to Sales | 14.51 |
| Price to Book Ratio | 5.97 |
| Enterprise Value to Revenue | 15.09 |
| Enterprise Value to EBIT | 41.72 |
| Enterprise Value to Net Income | 50 |
| Total Debt to Enterprise | 0.05 |
| Debt to Equity | 0.29 |
Revenue Sources
No data
Last Earnings Call
Report Date
August 19, 2026
EPS Estimate
$3.34
Consensus analyst estimateRevenue Estimate
$3.92 B
Consensus analyst estimateNext Earnings Call
Expected Date
November 24, 2026
EPS Estimate
$3.89
Consensus analyst estimateRevenue Estimate
$4.32 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 103.46% |
|---|---|
| Total Calls | 100▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 6.21%▼ 85.13% |
|---|---|
| Total Invested | $11.95B▼ 93.23% |
| Investors Holding | 928▼ 1453.00% |
About Analog Devices Inc.
24,500 employees
CEO: Vincent Roche
Analog Devices, Inc. (ADI) is a prominent innovator in high-performance electronics, dedicated to the development, fabrication, evaluation, and sale of integrated circuits, software, and comprehensive subsystems. Their core competencies ...