Analog Devices reported Q2 2026 revenue of $3.62 billion, surpassing estimates and driving a 37% YoY increase.
Analog Devices Inc (NASDAQ:ADI) posted fiscal Q2 2026 revenue of $3.62 billion, up 37% year-over-year and exceeding analysts’ forecasts of $3.50 billion. Adjusted earnings per share rose to $3.09 from $1.85, beating estimates of $2.92.
The results were driven by broad-based growth, with double-digit percentage increases in three of four end markets. Communications and industrial sectors led performance, while a diversified customer base and flexible manufacturing supported resilience.
Argus raised its price target on ADI to $460 from $400, maintaining a Buy rating. The firm cited strong execution and revenue growth across Analog Devices’ semiconductor portfolio.