Corpusense

Analog Devices (ADI) earnings call transcript summary & sentiment

Last call Wed 19 Aug 2026

Our read on the 19 August 2026 earnings call

Overall tone: Positive

Overall tone

Positive

Executive Summary

Analog Devices delivered record third-quarter fiscal 2026 performance, beating the high end of guidance with revenue reaching $4.02 billion, up 40% year-over-year, and EPS growing 68% to $3.45.

Core Signals

Revenue Growth & Demand: Q3 revenue grew 11% sequentially and 40% year-over-year to $4.02 billion, exceeding the high end of guidance and setting the first $4 billion quarter in company history.

Bullish Signals

Data center power and optical businesses both delivered over 100% year-over-year growth in Q3 fiscal 2026.

Risk Signals

Persistent input cost inflation remains an ongoing cost factor requiring proactive pricing actions.

Q&A Signals

Repeated analyst topics: Analysts focused heavily on gross margin trajectory at ~74%, fiscal 2027 top-line sustainability, supply chain readiness, and historical analog cycle comparisons.

Key Investor Debate

The primary debate among investors centers on whether ADI's revenue acceleration and expanded ~74% gross margins represent a structural, permanent shift toward long-term double-digit analog growth or a cyclical high-water mark vulnerable to macro pullbacks.

Analyst Takeaway

ADI is establishing itself as an essential architecture provider for the AI infrastructure transition, expanding its silicon content across grid monitoring, optical control, and vertical power delivery.

Those are the opening lines. The full read covers the whole earnings transcript: every bullish and bearish signal, what analysts pressed hardest on, and where management answered vaguely — each with the quote behind it. Every line sourced.

See the full Earnings Highlight

Themes across Analog Devices and the Information Technology sector

Analyse a theme over quarters — what's brand new, what's being talked about more, and what is spreading to more companies across the sector.

Unlock themes

Ask about Analog Devices's earnings, or other S&P 500 earnings calls

Ask across the corpus, instead of reading one call at a time. Scope it to Analog Devices, its sector, or every name we cover — plain English, no operators — and answers come back structured: a summary, the drivers, and a read on each company.

"What did Analog Devices say about margins, and did the framing change from last quarter?"

"Did Analog Devices's management walk back any full-year guidance, and how did they frame it?"

"Where did Analog Devices avoid answering on capital allocation?"

Unlock search

Earnings call history & sentiment

Every one at 10:00 ET, before the open.

Date Day Period Corpusense read
2026-08-19Wednesday2026 Q3Positive
2026-05-20Wednesday2026 Q2Positive
2026-02-18Wednesday2026 Q1Positive
2025-11-25Tuesday2025 Q4—
2025-08-20Wednesday2025 Q3—
2025-05-22Thursday2025 Q2—
2025-02-19Wednesday2025 Q1—

Earnings calls across Semiconductors & Semiconductor Equipment

The companies Analog Devices is read alongside. Each has its own earnings call dates and sentiment.

AMATApplied MaterialsAMDAdvanced Micro DevicesAVGOBroadcomFSLRFirst SolarINTCIntelKLACKLA CorporationLRCXLam ResearchMCHPMicrochip Technology

Analog Devices is one of the S&P 500 companies we track

Sentiment analysis on any single earnings call, themes building across a sector, and search across every company and quarter — each claim linked back to the passage it came from.

Create a free account See the full calendar Plans & pricing