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Analog Devices (ADI) operating margin by quarter

Analog Devices' operating margin was 40.1% in Q3 FY26 (third quarter fiscal 2026), +2.0 pts from Q2 FY26. Over the last 7 quarters it ranged from 23.3% (Q4 FY24) to 40.1% (Q3 FY26).

Analog Devices operating margin by quarterAnalog Devices operating margin by quarter23.3%Q4 FY2425.7%Q2 FY2528.4%Q3 FY2530.7%Q4 FY2531.5%Q1 FY2638.1%Q2 FY2640.1%Q3 FY26
QuarterOperating marginQ/QY/Y
Q3 FY2640.1%+2.0 pts+11.7 pts
Q2 FY2638.1%+6.5 pts+12.4 pts
Q1 FY2631.5%+0.8 pts—
Q4 FY2530.7%+2.3 pts+7.4 pts
Q3 FY2528.4%+2.7 pts—
Q2 FY2525.7%+2.4 pts—
Q4 FY2423.3%——

Q3 FY26 at a glance

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

What is Analog Devices' operating margin?

Analog Devices' operating margin was 40.1% in Q3 FY26 (third quarter fiscal 2026), +2.0 pts from Q2 FY26.

How has Analog Devices' operating margin changed?

Over the last 7 quarters it ranged from 23.3% (Q4 FY24) to 40.1% (Q3 FY26).

Q3 FY26 results → · How Analog Devices makes money →