Filing Flows › Analog Devices (ADI) › Q3 FY26
Analog Devices (ADI) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Aug 19, 2026
Analog Devices (ADI) reported revenue of $4.0B for the third quarter fiscal 2026 (Q3 FY26), +40% from a year earlier and +11% from the quarter before. Operating margin was 40.1%, net earnings $1.3B (33.3% of revenue).
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.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0B | +11% | +40% |
| Gross profit | $2.7B | +11% | +51% |
| Operating profit | $1.6B | +17% | +97% |
| Net earnings | $1.3B | +14% | +158% |
| Operating cash flow | $1.6B | +84% | +38% |
| Free cash flow | $1.5B | — | — |
What changed
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.
Questions
What was Analog Devices' revenue in the third quarter fiscal 2026?
Analog Devices (ADI) reported revenue of $4.0B for the third quarter fiscal 2026 (Q3 FY26), +40% from a year earlier and +11% from the quarter before.
Was Analog Devices profitable in the third quarter fiscal 2026?
Operating profit was $1.6B (40.1% of revenue) and net earnings $1.3B.
Source: Analog Devices 10-Q on SEC EDGAR.