NASDAQ$ADI

Analog Devices Inc · Q1 2026 earnings

Q1 2026 earnings · · Before market open · Investor relations

Briefing

Analog Devices reported Q1 fiscal 2026 revenue of $3.16B with net income of $831M and diluted EPS of $1.69.

First-quarter revenue was $3.16 billion, up 30% year over year, with net income of $830.8 million and diluted EPS of $1.69. Industrial and communications end markets led growth as the company cited strong demand across its analog portfolio.

  • Q1 FY26 revenue $3.16B (+30% YoY).
  • Net income $830.8M; diluted EPS $1.69.
  • Gross margin and operating leverage expanded versus the prior year.
  • End-market mix shifted toward industrial and auto recovery.

Headline financials

Total Revenue

$3.16B

Previous: $2.42B+30.4%
EPS (adj)

$1.69

Previous: $1.63+3.7%
Free Cash Flow Margin

40.0%

No prior period
Operating Margin

31.5%

Previous: 20.3%+55.2%
Adjusted Gross Margin

71.2%

Previous: 68.8%+3.5%
Adjusted Operating Margin

45.5%

Previous: 40.5%+12.3%
Operating Cash Flow Margin

43.0%

No prior period
Gross Margin

64.7%

Previous: 59.0%+9.7%
Capital Expenditures

-$109M

Previous: -$149M+26.6%
Free Cash Flow

$722M

No prior period
Net Income

$831M

Previous: $391M+112.3%
Operating Income

$997M

Previous: $491M+102.9%
Gross Profit

$2.04B

Previous: $1.43B+43.0%
Cash & Equivalents

$2.91B

No prior period
Total Assets

$48B

No prior period

Revenue & EPS history

Analog Devices · Revenue · Quarterly

$3.16B

Q1 2026+30.4%vs Q1 2025
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Analog Devices · $3.62B total across 4 segments · Q2 2026

  • Industrial
    $1.8B
  • Automotive
    $872M
  • Communications
    $555M
  • Consumer
    $398M

Forward guidance

The release discusses Analog Devices's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • Analog Devices cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+1.2%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+0.5%

Avg return

30 days after

53%

38 / 72 earnings

Positive

+9.7%

Q1 2025

Best reaction

-8.3%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-5.0%-4.8%+4.1%
Q1 2026+1.0%+5.2%-8.3%
Q4 2025+4.4%+10.8%+15.9%
Q3 2025+6.1%+10.4%+6.5%
Q2 2025-4.6%-2.4%+2.8%
Q1 2025+9.7%+7.6%-7.2%
Q4 2024-2.9%-2.5%-2.5%
Q3 2024-0.7%+0.9%+1.5%
Q2 2024+8.3%+7.3%+6.7%
Q1 2024+1.3%-0.2%+2.2%
Q4 2023-0.6%-0.4%+6.8%
Q3 2023-1.7%+2.1%-0.7%
Q2 2023-8.3%-6.1%-1.1%
Q1 2023+8.7%+6.8%+3.4%
Q4 2022+6.3%+4.9%+2.8%
Q3 2022-5.0%-8.5%-16.6%
Q2 2022-1.8%-1.4%-11.7%
Q1 2022-1.0%-1.0%+0.9%
Q4 2021-1.6%-4.0%-6.9%
Q3 2021+0.3%+2.0%+3.1%
Q2 2021+9.3%+11.4%+11.2%
Q1 2021-1.5%-0.8%-5.3%
Q4 2020-0.8%+0.5%+5.4%
Q3 2020-0.4%-0.6%-2.5%
Q2 2020+4.4%+4.4%+13.0%
Q1 2020+5.0%-1.0%-28.2%
Q4 2019+0.7%+0.0%+6.0%
Q3 2019-1.5%-3.9%+4.6%
Q2 2019-1.2%-1.5%+13.8%
Q1 2019+1.0%+3.5%+3.1%
Q4 2018+4.9%+3.6%-3.3%
Q3 2018+1.5%+4.3%-1.4%
Q2 2018+3.0%+5.9%+1.6%
Q1 2018-4.3%-1.2%-1.2%
Q4 2017-4.7%-4.2%-4.7%
Q3 2017+5.2%+6.1%+8.3%
Q2 2017-3.1%-7.1%-8.3%
Q1 2017+5.3%+6.0%+7.0%
Q4 2016+5.4%+6.3%+5.2%
Q3 2016-1.2%-1.6%-4.4%
Q2 2016+0.6%
Q1 2016-0.1%
Q4 2015+6.1%
Q3 2015-1.9%
Q2 2015+4.5%
Q1 2015+2.3%
Q4 2014+5.3%
Q3 2014-1.7%
Q2 2014-1.3%
Q1 2014+1.6%
Q4 2013-2.3%
Q3 2013-1.7%
Q2 2013-2.8%
Q1 2013-0.8%
Q4 2012+0.0%
Q3 2012-2.1%
Q2 2012-0.5%
Q1 2012-2.1%
Q4 2011-5.3%
Q3 2011-1.2%
Q2 2011+5.1%
Q1 2011-0.4%
Q4 2010+1.5%
Q3 2010+6.1%
Q2 2010+1.5%
Q1 2010+3.4%
Q1 2009+3.4%
Q2 2009+6.8%
Q4 2007+6.8%
Q4 2009+6.8%
Q3 2008+3.9%
Q3 2009+3.9%

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