Filing Flows › Analog Devices (ADI) › Guidance history
Analog Devices (ADI) guidance history: what it guided and what it reported
Analog Devices gave guidance in 12 earnings releases on file since Nov 21, 2023. Of 8 guided periods since reported, it met or beat its own guidance 8 times (100%). GAAP operating margin: 7 of 7, on average +1.0 pts against the guided midpoint.
Revenue
Met or beat 1 of 1 periods (1 above, 0 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 FY24 | $2.3B (Aug 21, 2024) | $2.4B | above the range | +5.8% |
| Q3 FY24 | $2.2B (May 22, 2024) | — | — | — |
GAAP operating margin
Met or beat 7 of 7 periods (1 above, 6 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 FY26 | 41.1%–44.1% (Aug 19, 2026) | — | to be reported | — |
| Q3 FY26 | 37.5%–40.5% (May 20, 2026) | 40.1% | within the range | +1.1 pts |
| Q2 FY26 | 34.9%–37.9% (Feb 18, 2026) | 38.1% | above the range | +1.7 pts |
| Q1 FY26 | 29.7%–32.3% (Nov 25, 2025) | 31.5% | within the range | +0.6 pts |
| Q4 FY25 | 29.0%–32.0% (Aug 20, 2025) | 30.7% | within the range | +0.2 pts |
| Q3 FY25 | 25.7%–28.7% (May 22, 2025) | 28.4% | within the range | +1.2 pts |
| Q2 FY25 | 22.6%–25.8% (Feb 19, 2025) | 25.7% | within the range | +1.5 pts |
| Q1 FY25 | 20.7%–23.3% (Nov 26, 2024) | — | — | — |
| Q4 FY24 | 20.5%–24.1% (Aug 21, 2024) | 23.3% | within the range | +1.0 pts |
| Q3 FY24 | 18.1%–22.1% (May 22, 2024) | — | — | — |
Adjusted operating margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 FY26 | 51.0%–53.0% (Aug 19, 2026) | — | to be reported | — |
| Q3 FY26 | 48.0%–50.0% (May 20, 2026) | — | — | — |
| Q2 FY26 | 46.5%–48.5% (Feb 18, 2026) | — | — | — |
| Q1 FY26 | 42.5%–44.5% (Nov 25, 2025) | — | — | — |
| Q4 FY25 | 42.5%–44.5% (Aug 20, 2025) | — | — | — |
| Q3 FY25 | 40.5%–42.5% (May 22, 2025) | — | — | — |
| Q2 FY25 | 39.5%–41.5% (Feb 19, 2025) | — | — | — |
| Q1 FY25 | 39.0%–41.0% (Nov 26, 2024) | — | — | — |
| Q4 FY24 | 40.0%–42.0% (Aug 21, 2024) | — | — | — |
| Q3 FY24 | 39.0%–41.0% (May 22, 2024) | — | — | — |
The latest quarter
Analog Devices, Q3 FY26: revenue $4.0B (+40% year over year), operating margin 40.1%, net earnings $1.3B, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
Questions
Does Analog Devices beat its guidance?
Analog Devices gave guidance in 12 earnings releases on file since Nov 21, 2023. Of 8 guided periods since reported, it met or beat its own guidance 8 times (100%). GAAP operating margin: 7 of 7, on average +1.0 pts against the guided midpoint.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.