ADI · News · 20260922N
End-Market Demand Trends
ANALOG DEVICES INC · 2026-09-22 · Importance 63 · Surprise 64 · In source text
Analog Devices reported that data-center revenue is growing approximately 100% year over year, exceeding the materiality threshold for year-over-year changes. Aerospace and defense revenue is approaching a $2 billion annualized run rate. The company cited recovering industrial demand and sustained data-center, defense, and automated-test-equipment demand as drivers of a broader recovery. The outlook extends through fiscal 2027, with AI-related data-center activity supporting demand.
Key facts
- Analog Devices' aerospace and defense business is approaching a $2 billion annualized run rate. source
- Analog Devices' data center revenue is growing approximately 100% year over year. source
- Analog Devices stock has gained 39.8% year to date and has outperformed its industry by 4.1 percentage points. source
- Analog Devices is focusing on design wins, power and optical data-center products. source
- CFO Rich Puccio reported that the company's recovery has broadened, driven by strength in defense, test equipment, and data centers. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | — | Analog Devices' aerospace and defense business is approaching a $2 billion annualized run rate. |