ADI · Full Picture

ANALOG DEVICES INC — the full picture

Earnings window · 2026-05-20 to 2026-11-09 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Revenue Performance and Mix · Revenue growth & mixPriority 92
    +115.3% revenue (realized); 4 sources (news, press_release, sec_filing, transcript); 5 forward row(s); quote_verified
    Analysts are projecting a 36% revenue increase for Analog Devices to $3.93 billion for Q3.
  2. Acquisition / Partnership / Divestiture · M&A and divestituresPriority 88
    +8.7% operating_income; 4 sources (news, press_release, sec_filing, transcript); 13 forward row(s); quote_verified
    ADI expects to generate about $700 million of synergies this year from the Maxim acquisition and expects to hit $1 billion-plus in 2027.
  3. End-Market Demand Trends · Demand, orders & backlogPriority 86
    +31.0% revenue (realized); 4 sources (news, press_release, sec_filing, transcript); 5 forward row(s); quote_verified
    Revenue increased 37% and 34% in the three- and six-month periods ended May 2, 2026 compared to the same periods of the prior fiscal year due to a broad-based increase in demand, notably within all Industrial sub-markets with highest growth from test equipment and aerospace and defense sub-markets, and increased data center revenue in Communications related to AI-driven infrastructure investments.
  4. Dividend Declaration · Buybacks & dividendsPriority 79
    3 sources (news, press_release, sec_filing); 4 forward row(s); structured_verified
    Board declared cash dividend $1.10 per outstanding share on August 18, 2026 payable September 15, 2026 to shareholders of record at close of business on September 1, 2026 expected to total approximately $533.0 million
  5. Guidance / Outlook · Guidance & outlookPriority 76
    -5.4% operating_income; 3 sources (news, press_release, transcript); 18 forward row(s); quote_verified
    Fourth quarter revenue is expected to be $4.3 billion, plus or minus $100 million.
  6. Stock Repurchase Program · Buybacks & dividendsPriority 76
    -15.1% cash; 2 sources (news, sec_filing); 1 forward row(s); structured_verified
    Board authorized common stock repurchase aggregate: $26.7 billion and $7.4 billion remained available as of August 1, 2026
  7. AI Data Center Demand · Demand, orders & backlogPriority 75
    +6.2% revenue; 3 sources (news, sec_filing, transcript); 1 forward row(s); quote_verified
    Vince said ADI's opportunity in data center and energy is expected to drive strong double-digit growth to at least 2030 and that ADI's energy business today is about $0.5 billion revenue which he thinks will double by the end of the decade.
  8. Cash Flow and Capital Allocation · UnclassifiedPriority 68
    +13.9% cash (realized); 3 sources (news, press_release, transcript); 1 forward row(s); quote_verified
    Returned $1.3 billion to shareholders in the second quarter via dividends and share repurchases.
  9. Gross Margin Drivers · Gross marginPriority 66
    +1.3% margin; 4 sources (news, press_release, sec_filing, transcript); 2 forward row(s); quote_verified
    Gross margin percentage for the quarter: 67.3% (630 bps improvement YoY from 61.0%).
  10. Operating Income and Margins · Operating income & profitabilityPriority 65
    +12.4% operating_income (realized); 2 sources (press_release, transcript); quote_verified
    Operating margin for the quarter: 38.1% (1,240 bps improvement YoY from 25.7%).
  11. Capital Return Program · Buybacks & dividendsPriority 63
    2 sources (news, sec_filing); 1 forward row(s); quote_verified
    Analog Devices plans to return 40% to 60% of free cash flow through dividends and buybacks.
  12. Strategic Initiatives · Strategic & business-model shiftsPriority 63
    2 sources (news, transcript); 2 forward row(s); quote_verified
    The Zacks Consensus Estimate projects Analog Devices' net sales for the upcoming quarter at $4.31 billion, up 39.96% from the year-ago period.

Threads by pillar

Revenue & Demand Priority 97 · 9 threads

Costs & Margins Priority 86 · 7 threads

Capital & Balance Sheet Priority 97 · 13 threads

Strategy & Portfolio Priority 91 · 5 threads

Legal, Regulatory & Policy Priority 36 · 2 threads

Guidance & Outlook Priority 76 · 1 thread

Macro & Market Conditions Priority 30 · 4 threads

Management & Governance Priority 19 · 1 thread

Unclassified Priority 78 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
cash-12.2%+22.7%+16.1%
revenue+14.3%+14.3%+146.3%
operating_income+3.3%+14.1%+54.1%
net_income-6.4%+6.4%-7.0%
liability-5.5%+5.5%-12.6%
assets+2.4%+2.4%+1.3%
margin+1.3%+1.3%+4.9%