Filing Flows › Analog Devices (ADI) › Q2 FY26 › vs Q1 FY26
Analog Devices (ADI) Q2 FY26 vs Q1 FY26 (quarter over quarter)
Analog Devices's revenue rose $463M (+15%) from $3.2B in Q1 FY26 to $3.6B in Q2 FY26. Gross margin 67.3% against 64.7% (+2.6 pts).
Analog Devices, Q2 FY26: revenue $3.6B (+37% year over year), operating margin 38.1%, net earnings $1.2B, operating cash flow $872M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 67.3% | 64.7% | +2.6 pts |
| Operating margin | 38.1% | 31.5% | +6.5 pts |
| Net margin | 32.5% | 26.3% | +6.2 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $3.6B | $3.2B | $463M | +15% |
| Gross profit | $2.4B | $2.0B | $395M | +19% |
| Cost of revenue | $1.2B | $1.1B | $68.4M | +6% |
| Operating profit | $1.4B | $997M | $383M | +38% |
| Operating expenses | $1.1B | $1.0B | $12.2M | +1% |
| Pre-tax earnings | $1.3B | $946M | $379M | +40% |
| Other expense, net | $54.9M | $51.2M | $3.7M | +7% |
| Research & development | $509M | $467M | $41.9M | +9% |
| SG&A | $363M | $345M | $17.6M | +5% |
| Other operating costs | $188M | $235M | −$47.3M | -20% |
| Net earnings | $1.2B | $831M | $346M | +42% |
| Income tax | $148M | $115M | $33.4M | +29% |
| Depreciation & amortization | $491M | $491M | $434K | +0.1% |
| Share-based compensation | $81.7M | $85.7M | −$4.0M | -5% |
| Working capital & other | $877M | $38.5M | $838M | 23× |
| Operating cash flow | $872M | $1.4B | −$496M | -36% |
Questions
How much did Analog Devices's revenue grow quarter over quarter in Q2 FY26?
Analog Devices's revenue rose $463M (+15%) from $3.2B in Q1 FY26 to $3.6B in Q2 FY26. Gross margin 67.3% against 64.7% (+2.6 pts).