AI Earnings Predictions for Analog Devices Inc. (ADI)

EX-99.1

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Exhibit 99.1

Analog Devices Reports Record Fiscal Third Quarter 2026 Financial Results

•Revenue of $4.02 billion, with year-over-year growth led by Data Center and Industrial

•Operating cash flow of $5.5 billion and free cash flow of $4.9 billion on a trailing twelve-month basis or 40% and 36% of revenue, respectively

•Returned $1.7 billion to shareholders via dividends and share repurchases in the third quarter

WILMINGTON, Mass.--August 19, 2026--Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, today announced financial results for its fiscal third quarter 2026, which ended August 1, 2026.

“ADI delivered a strong third quarter, exceeding the midpoint of our revenue, margin, and earnings outlook as we capitalized on broad-based demand,” said Vincent Roche, CEO and Chair. “We continue to extend our leadership through a powerful combination of innovation, deep customer collaboration, and manufacturing agility. Our investments in these foundational areas, combined with the trust we have built over decades, provide a unique advantage to create, deliver, and capture value in the AI era – for customers and investors alike.”

“Demand continued to strengthen across our product portfolio and regions throughout the third quarter, which is reflected in our record fourth quarter outlook” said Richard Puccio, CFO. “We believe our balance of disciplined execution and targeted growth investments will enable us to finish the year strongly and carry that momentum into fiscal 2027.”

Performance for the Third Quarter of Fiscal 2026

Results Summary(1)

(in millions, except per-share amounts and percentages)

Three Months Ended

Aug. 1, 2026Aug. 2, 2025Change

Revenue$4,022 $2,880 40 %

Gross margin$2,708 $1,790 51 %

Gross margin percentage67.3 %62.1 %520 bps

Operating income$1,613 $818 97 %

Operating margin40.1 %28.4 %1,170 bps

Diluted earnings per share$2.74 $1.04 163 %

Adjusted Results(2)

Adjusted gross margin$2,917 $1,995 46 %

Adjusted gross margin percentage72.5 %69.2 %330 bps

Adjusted operating income$2,010 $1,215 65 %

Adjusted operating margin50.0 %42.2 %780 bps

Adjusted diluted earnings per share$3.45 $2.05 68 %

Three Months EndedTrailing Twelve Months

Cash GenerationAug. 1, 2026Aug. 1, 2026

Net cash provided by operating activities$1,604 $5,545

% of revenue40 %40 %

Capital expenditures$(146)$(608)

Free cash flow(2) $1,458 $4,937

% of revenue 36 %36 %

Three Months EndedTrailing Twelve Months

Cash ReturnAug. 1, 2026Aug. 1, 2026

Dividend paid$(535)$(2,043)

Stock repurchases(1,157)(3,127)

Total cash returned$(1,692)$(5,170)

(1) The sum and/or computation of the individual amounts may not equal the total due to rounding.

(2) Reconciliations of non-GAAP financial measures to their most directly comparable GAAP financial measures are provided in the financial tables included in this press release. See also the “Non-GAAP Financial Information” section for additional information.

Outlook for the Fourth Quarter of Fiscal Year 2026

For the fourth quarter of fiscal 2026, we are forecasting revenue of $4.3 billion, +/- $100 million. At the midpoint of this revenue outlook, we expect reported operating margin of approximately 42.6%, +/-150 bps, and adjusted operating margin of approximately 52.0%, +/-100 bps. We are planning for reported EPS to be $3.14, +/-$0.15, and adjusted EPS to be $3.86, +/-$0.15.

Our fourth quarter fiscal 2026 outlook is based on current expectations and actual results may differ materially as a result of, among other things, the important factors discussed at the end of this release. The statements about our fourth quarter fiscal 2026 outlook supersede all prior statements regarding our business outlook set forth in prior ADI news releases, and ADI disclaims any obligation to update these forward-looking statements.

The adjusted results and adjusted anticipated results above are financial measures presented on a non-GAAP basis. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures are provided in the financial tables included in this release. See also the “Non-GAAP Financial Information” section for additional information.

Dividend Payment

The ADI Board of Directors has declared a quarterly cash dividend of $1.10 per outstanding share of common stock. The dividend will be paid on September 15, 2026 to all shareholders of record at the close of business on September 1, 2026.

Conference Call Scheduled for Today, Wednesday, August 19, 2026 at 10:00 am ET

ADI will host a conference call to discuss our third quarter fiscal 2026 results and short-term outlook today, beginning at 10:00 am ET. Investors may join via webcast, accessible at investor.analog.com.

Non-GAAP Financial Information

This release includes non-GAAP financial measures that are not in accordance with, nor an alternative to, U.S. generally accepted accounting principles (G

EX-99.1

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EX-99.1

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Exhibit 99.1

Analog Devices Reports Record Fiscal Second Quarter 2026 Financial Results

•Revenue of $3.62 billion, with year-over-year growth across all end markets, led by Industrial and Communications

•Operating cash flow of $5.1 billion and free cash flow of $4.6 billion on a trailing twelve-month basis or 40% and 36% of revenue, respectively

•Returned $1.3 billion to shareholders via dividends and share repurchases in the second quarter

WILMINGTON, Mass.--May 20, 2026--Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, today announced financial results for its fiscal second quarter 2026, which ended May 2, 2026.

“ADI’s second quarter revenue and earnings were above the high end of our outlook, reflecting the combination of record demand and sharp operational discipline,” said Vincent Roche, CEO and Chair. “Our innovation-led value creation strategy targets our customers’ most complex and consequential challenges with a goal of delivering substantial and sustained business impact. We continue to invest to extend our technology performance leadership and enhance our long-term value for customers and shareholders alike.”

“We continued to see growing demand in the second quarter with record bookings across our B2B markets of Industrial, Automotive, and Communications,” said Richard Puccio, CFO. “These positive demand signals are reflected in our outlook for continued strong growth in the third quarter.”

Performance for the Second Quarter of Fiscal 2026

Results Summary(1)

(in millions, except per-share amounts and percentages)

Three Months Ended

May 2, 2026May 3, 2025Change

Revenue$3,623 $2,640 37 %

Gross margin$2,440 $1,612 51 %

Gross margin percentage67.3 %61.0 %630 bps

Operating income$1,380 $678 104 %

Operating margin38.1 %25.7 %1,240 bps

Diluted earnings per share$2.40 $1.14 111 %

Adjusted Results(2)

Adjusted gross margin$2,645 $1,832 44 %

Adjusted gross margin percentage73.0 %69.4 %360 bps

Adjusted operating income$1,774 $1,088 63 %

Adjusted operating margin49.0 %41.2 %780 bps

Adjusted diluted earnings per share$3.09 $1.85 67 %

Three Months EndedTrailing Twelve Months

Cash GenerationMay 2, 2026May 2, 2026

Net cash provided by operating activities$872 $5,106

% of revenue24 %40 %

Capital expenditures$(138)$(541)

Free cash flow(2) $734 $4,565

% of revenue 20 %36 %

Three Months EndedTrailing Twelve Months

Cash ReturnMay 2, 2026May 2, 2026

Dividend paid$(536)$(1,998)

Stock repurchases(773)(3,045)

Total cash returned$(1,309)$(5,043)

(1) The sum and/or computation of the individual amounts may not equal the total due to rounding.

(2) Reconciliations of non-GAAP financial measures to their most directly comparable GAAP financial measures are provided in the financial tables included in this press release. See also the “Non-GAAP Financial Information” section for additional information.

Outlook for the Third Quarter of Fiscal Year 2026

For the third quarter of fiscal 2026, we are forecasting revenue of $3.9 billion, +/- $100 million. At the midpoint of this revenue outlook, we expect reported operating margin of approximately 39.0%, +/-150 bps, and adjusted operating margin of approximately 49.0%, +/-100 bps. We are planning for reported EPS to be $2.60, +/-$0.15, and adjusted EPS to be $3.30, +/-$0.15.

Our third quarter fiscal 2026 outlook is based on current expectations and actual results may differ materially as a result of, among other things, the important factors discussed at the end of this release. The statements about our third quarter fiscal 2026 outlook supersede all prior statements regarding our business outlook set forth in prior ADI news releases, and ADI disclaims any obligation to update these forward-looking statements.

The adjusted results and adjusted anticipated results above are financial measures presented on a non-GAAP basis. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures are provided in the financial tables included in this release. See also the “Non-GAAP Financial Information” section for additional information.

Dividend Payment

The ADI Board of Directors has declared a quarterly cash dividend of $1.10 per outstanding share of common stock. The dividend will be paid on June 16, 2026 to all shareholders of record at the close of business on June 2, 2026.

Conference Call Scheduled for Today, Wednesday, May 20, 2026 at 10:00 am ET

ADI will host a conference call to discuss our second quarter fiscal 2026 results and short-term outlook today, beginning at 10:00 am ET. Investors may join via webcast, accessible at investor.analog.com.

Non-GAAP Financial Information

This release includes non-GAAP financial measures that are not in accordance with, nor an alternative to, U.S. generally accepted accounting principles (GAAP) and may be different from non-GAAP measures presented by other companies. In addition

adi-202602170000006281false00000062812026-02-172026-02-17

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 17, 2026

Analog Devices, Inc. (Exact name of Registrant as Specified in its Charter)

Massachusetts1-781904-2348234 (State or Other Jurisdiction of Incorporation) (Commission File Number)(IRS Employer Identification No.)

One Analog Way,Wilmington,MA01887 (Address of Principal Executive Offices)(Zip Code)

Registrant's telephone number, including area code: (781) 935-5565

Not Applicable (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock $0.16 2/3 par value per shareADINasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02.     Results of Operations and Financial Condition On February 18, 2026, Analog Devices, Inc. (the “Registrant”) announced its financial results for its fiscal first quarter ended January 31, 2026. The full text of the press release issued by the Registrant concerning the foregoing results is furnished herewith as Exhibit 99.1. The information in this Item 2.02 and in the accompanying Exhibit 99.1 shall not be incorporated by reference into any filing of the Registrant, whether made before or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference to such filing. The information in this Item 2.02, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. Item 8.01. Other Events On February 17, 2026, the Registrant announced that its Board of Directors declared a quarterly cash dividend of $1.10 per outstanding share of common stock, an increase from the previously paid quarterly dividend of $0.99 per outstanding share of common stock. The dividend will be paid on March 17, 2026 to all shareholders of record at the close of business on March 3, 2026. A copy of the Registrant's press release is attached as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference. Item 9.01.     Financial Statements and Exhibits (d)  Exhibits

Exhibit No.Description

99.1Press release dated February 18, 2026

99.2Press release dated February 17, 2026

104Cover Page Interactive Data File (formatted as inline XBRL).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:February 18, 2026ANALOG DEVICES, INC.

By:  /s/ Janene I. Asgeirsson Janene I. Asgeirsson Senior Vice President, Chief Legal Officer and Corporate Secretary