Filing Flows

Filing Flows › Technology › Analog Devices (ADI)

Analog Devices (ADI) earnings and revenue breakdown

Latest: Q3 FY26 · 10-Q filed Aug 19, 2026 · Analog Devices (ADI) Q3 FY26 earnings results →

Q3 FY26 Revenue up 40% year over year to $4.0B · 33¢ of every $1 of revenue kept as net profit · operating margin 40.1%

Analog Devices made $4.0B in Q3 FY26 (+40% Y/Y). Operating margin 40.1%, net earnings $1.3B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 19, 2026.

Revenue$4.0B
Year over year+40%
Operating margin40.1%
Net earnings$1.3B
Operating cash flow$1.6B

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

Analog Devices Q3 FY26 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
Analog Devices Q3 FY26 revenue breakdown — free to use with credit and a link (terms). Share on X
Embed this chart on your site

Free to use with the credit line. Click a box to select the code.

What changed this quarter

Revenue was $4.0B in Q3 FY26, up 40% year over year and up 11% from the previous quarter.

Gross margin was 67.3%, up 5.2 points from Q3 FY25. Operating profit was $1.6B, a 40.1% margin (up 11.7 points year over year). Of the extra revenue versus Q3 FY25, 70% reached operating profit, above the 28% margin then. Operating expenses grew 13% against revenue growth of 40%. The fastest-growing cost line was SG&A (+22%). Net earnings were $1.3B, up 158% year over year. The effective tax rate was 13.3%.

Operating cash flow was $1.6B (up 38% year over year), 120% of net earnings. Non-cash charges added back $0.49B of depreciation and amortization and $0.10B of share-based compensation. Working capital and other items used $0.33B. After capital expenditures ($0.15B), free cash flow as the company reports it was $1.5B.

Quarterly history

Analog Devices revenue by quarterAnalog Devices revenue by quarter$2.4BQ4 FY24$2.6BQ2 FY25$2.9BQ3 FY25$3.1BQ4 FY25$3.2BQ1 FY26$3.6BQ2 FY26$4.0BQ3 FY26
Analog Devices net earnings by quarterAnalog Devices net earnings by quarter$478MQ4 FY24$570MQ2 FY25$519MQ3 FY25$788MQ4 FY25$831MQ1 FY26$1.2BQ2 FY26$1.3BQ3 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 FY2610-QAug 19, 2026$4.0B+40%40.1%$1.3B$1.6B
Q2 FY2610-QMay 20, 2026$3.6B+37%38.1%$1.2B$872M
Q1 FY2610-QFeb 18, 2026$3.2B+30%31.5%$831M$1.4B
Q4 FY2510-KNov 25, 2025$3.1B+26%30.7%$788M$1.7B
Q3 FY2510-QAug 20, 2025$2.9B+25%28.4%$519M$1.2B
Q2 FY2510-QMay 22, 2025$2.6B+22%25.7%$570M$819M
Q4 FY2410-KNov 26, 2024$2.4B-10%23.3%$478M$1.1B

Charts

Analog Devices: revenue growth, year over year and quarter over quarterAnalog Devices: revenue growth, year over year and quarter over quarterY/YQ/Q-10%Q4 FY24+22%+8%Q2 FY25+25%+9%Q3 FY25+26%+7%Q4 FY25+30%+3%Q1 FY26+37%+15%Q2 FY26+40%+11%Q3 FY26
Latest (Q3 FY26): Y/Y +40%, Q/Q +11%.
Analog Devices: where the cash came from (+) and went (−), TTM to Q3 FY26Analog Devices: where the cash came from (+) and went (−), TTM to Q3 FY26Net borrowing (+) / repaid (−)$15.7BOther financing−$15.2BOperating cash flow$5.5BBuybacks−$3.1BDividends−$2.0BAcquisitions−$1.5BOther investing$1.0BCapital spending−$608MCash drawn (+) / kept (−)$155MShares issued$126M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Analog Devices: profit against cash, quarter by quarterAnalog Devices: profit against cash, quarter by quarterNet incomeOperating cash flow$478M$1.1BQ4 FY24$391M$1.1BQ1 FY25$570M$819MQ2 FY25$519M$1.2BQ3 FY25$788M$1.7BQ4 FY25$831M$1.4BQ1 FY26$1.2B$872MQ2 FY26$1.3B$1.6BQ3 FY26
Latest (Q3 FY26): Net income $1.3B, Operating cash flow $1.6B.
Analog Devices: diluted shares by fiscal yearAnalog Devices: diluted shares by fiscal year372MFY20401MFY21523MFY22506MFY23499MFY24497MFY25
+33.5% since FY20: more shares outstanding (issuance, stock pay).
Analog Devices in its industry: growth against margin (80 companies, SIC 3674)Analog Devices in its industry: growth against margin (80 companies, SIC 3674)revenue growth, year over year →↑ operating marginmedian +36%median 11%NVDAMUAVGOINTCAMDAMATTXNNXPIMRVLAMKRONMCHPQARMFSLRMPWRNXTSWKSQorvo, Inc.UCTTALABPENGCRUSDIODCRDOVIAVMTSIOSISSMTCKLICARRYICHRSEDGSITMSYNAENPHLSCCIPGPFORMALGMAAOITESLABRMBSMXLPLABSHLSCBRSAOSLSkyWater Technology, LLCWOLFPOWINLSTAMBALASRAXTIINDIMXAMBQFTCIAIPTYGOLPTHMRAMNVTSKOPNBZAIGUERLEDSGSITNVECSODIQUIKPRSOGCTSMOBXALMUASTIIPWRADI (+40%, 40%)
Semiconductors & Related Devices; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

Loading the interactive chart…

🌏Named in Asian annual reportsinteractive

Loading the interactive chart…

🔄Rotation against the market and its industry (RRG)interactive

Loading the interactive chart…

🔍Earnings qualityinteractive

Loading the interactive chart…

⚖️Fair value by methodinteractive

Loading the interactive chart…

🔭Outlook & guidanceinteractive

Loading the interactive chart…

📈Investments: gains and what it boughtinteractive

Loading the interactive chart…

🏭Its industry’s money flow (input-output)interactive

Loading the interactive chart…

Customers and suppliers named in filings

Sells to

About Analog Devices

Analog Devices, Inc. (we, Analog Devices or the Company) is a global semiconductor leader dedicated to solving our customers’ most complex engineering challenges. We deliver innovations that connect technology to human breakthroughs and play a critical role at the intersection of the physical and digital worlds by providing the building blocks to sense, measure, interpret, connect and power. We design, manufacture, test and market a broad portfolio of solutions, including integrated circuits (ICs), software and subsystems that leverage high-performance analog, mixed-signal and digital signal processing technologies.

In its own words, from its 10-K, filed Nov 25, 2025.

Analog Devices against its Semiconductors & Related Devices peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +40% against the peers' median +40%. Operating margin: 40.1% against the peers' median 40.1%.

CompanyQuarterRevenueY/YOp. margin
ADI Analog DevicesQ3 FY26$4.0B+40%40.1%
NVDA NVIDIAQ2 FY27$96.2B+106%66.2%
MU Micron TechnologyQ4 FY26$54.2B+379%80.7%
AVGO BroadcomQ3 FY26$29.6B+86%53.9%
INTC IntelQ3 2026$16.5B+21%15.3%
AMD Advanced Micro DevicesQ3 2026$13.4B+45%21.2%
AMAT Applied MaterialsQ3 FY26$9.1B+25%33.7%
TXN Texas InstrumentsQ3 2026$6.1B+28%47.5%
NXPI NXP Semiconductors N.V.Q3 2026$3.8B+19%32.4%

Source: Analog Devices 10-Q on SEC EDGAR · CIK 6281 · Semiconductors & Related Devices

Guidance and outlook

Analog Devices Revenue: guidance against what was reportedAnalog Devices Revenue: guidance against what was reportedguided rangereported (above / within / below)Q3 FY24Q4 FY24$2.4B
Met or beat 1 of 1 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Analog Devices GAAP operating margin: guidance against what was reportedAnalog Devices GAAP operating margin: guidance against what was reportedguided rangereported (above / within / below)Q1 FY25Q2 FY2525.7%Q3 FY2528.4%Q4 FY2530.7%Q1 FY2631.5%Q2 FY2638.1%Q3 FY2640.1%Q4 FY26
Met or beat 7 of 7 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns ADI and who is buying

Largest holders of ADI (13F)Largest holders of ADI (13F)BlackRock$18.6BVanguard Group$13.8BVanguard Capital Management LLC$12.7BState Street$9.4BInvesco$6.8BVanguard Portfolio Management LLC$5.8BGeode Capital Management, LLC$4.9BBank of America$3.6BVan ECK Associates$3.3BMorgan Stanley$3.3B
Funds' net buying of ADI by quarter (13F)Funds' net buying of ADI by quarter (13F)−$619M2024-09−$364M2024-12−$3.4M2025-03$1.8B2025-06−$1.5B2025-09$2.2B2025-12$5.2M2026-03$1.5B2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on ADI

History

Every quarter: Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results · Q4 FY24 results

Compare ADI with

中文版：亚德诺（ADI）财报

Español · Français