ADI · 10-Q · 2026Q3

ANALOG DEVICES INC

Filed 2026-08-19 · Technology · View original filing on EDGAR

Ranked Events

• End-Market Demand TrendsImportance 69 · Surprise 64
  Revenue increased 40% year over year in the three months ended August 1, 2026 and 36% in the nine-month period, reflecting broad-based demand across Analog Devices’ end markets. Industrial revenue reached $1.97 billion…
• Working Capital ChangesImportance 69 · Surprise 64
  Accounts receivable increased $953.5 million to $2.390 billion at August 1, 2026 from $1.436 billion at November 1, 2025. The receivables increase primarily reflected higher sales and differences in the timing of…
• Gross Margin DriversImportance 69 · Surprise 64
  Third-quarter gross margin increased to $2.708 billion from $1.790 billion, while nine-month gross margin increased to $7.192 billion from $4.832 billion. Gross margin percentage expanded 520 basis points year over…
• Revenue Performance and MixImportance 69 · Surprise 64
  Nine-month revenue increased 36% year over year to $10.806 billion from $7.944 billion, while third-quarter revenue increased 40% to $4.022 billion from $2.880 billion. Nine-month Industrial revenue rose to $5.270…
• Liquidity and Debt PositionImportance 66 · Surprise 48
  At August 1, 2026, cash, cash equivalents, and short-term investments totaled approximately $2.3 billion, including approximately $1.0 billion in the United States and approximately $1.3 billion held by foreign…
• AI Data Center DemandImportance 64 · Surprise 56
  Nine-month revenue increased 36% to $10,805.6 million for the period ended August 1, 2026, reflecting broad-based demand across end markets. Communications revenue increased to $1,659.6 million from $965.0 million,…
• Income Tax Rate ChangesImportance 63 · Surprise 64
  The third-quarter effective tax rate decreased to 13.3% from 32.1%, reducing tax provision by $39.1 million to $205.8 million. The nine-month effective tax rate decreased to 12.3% from 18.9%, although the nine-month…
• Capital ExpendituresImportance 62 · Surprise 42
  Net additions to property, plant, and equipment totaled $392.7 million during the first nine months of fiscal 2026. Fiscal 2026 capital expenditures are expected to equal approximately 4% to 6% of fiscal 2026 revenue.…
• Operating Cash Flow TrendsImportance 59 · Surprise 48
  Nine-month operating cash flow increased to $3.845 billion from $3.111 billion year over year. The $733.1 million increase was mainly attributable to higher net income after adjustments for noncash items. Investing…
• Capital Expenditure OutlookImportance 58 · Surprise 42
  Net additions to property, plant and equipment totaled $392.7 million during the first nine months of fiscal 2026. Management expects fiscal 2026 capital expenditures to equal approximately 4% to 6% of fiscal 2026…
• Supply Chain and InventoryImportance 54 · Surprise 40
  Inventory increased to $1.93 billion at August 1, 2026 from $1.66 billion at the end of fiscal 2025, a 16.6% increase. Analog Devices said the increase primarily reflected building inventory levels to support increased…
• Stock Repurchase ProgramImportance 50 · Surprise 24
  As of August 1, 2026, the Board had authorized $26.7 billion of cumulative common-stock repurchases. The program had $7.4 billion remaining available for future repurchases. Financing cash usage increased year over…
• Restructuring ChargesImportance 49 · Surprise 82
  Special charges, net were a $24.2 million benefit in the third quarter of fiscal 2026 compared with $4.3 million of charges in the prior-year quarter. Nine-month special charges declined to $23.8 million from $70.0…
• Manufacturing And CapacityImportance 47 · Surprise 48
  Gross margin percentage increased 520 basis points year over year in the quarter and 580 basis points in the first nine months of fiscal 2026. The improvement was primarily attributable to higher utilization of…
• Acquisition / Partnership / DivestitureImportance 47 · Surprise 60
  Analog Devices acquired Empower Semiconductor, Inc. during the third quarter of fiscal 2026. The acquisition was the primary driver of the change in investing cash flows during the first nine months of fiscal 2026…
• Operating Expense TrendsImportance 47 · Surprise 22
  Nine-month R&D expense increased $211.2 million year over year to $1.510 billion, while third-quarter R&D expense increased $79.2 million to $533.5 million. R&D growth was driven by higher employee-related variable…
• Dividend DeclarationImportance 43 · Surprise 6
  On August 18, 2026, the Board declared a quarterly cash dividend of $1.10 per outstanding common share. The dividend is payable September 15, 2026, to shareholders of record at the close of business on September 1,…
• Distribution ChannelsImportance 33 · Surprise 6
  Analog Devices sells globally through a direct sales force, third-party distributors, independent sales representatives and its website. Distributors generated $2.33 billion of quarterly revenue and $6.14 billion…

Revenue by Product (in thousands)