Analog Devices Reports Record Q2 Results, Raises Dividend, and Issues Strong Q3 Outlook
ADI has more than doubled off its 52-week low of $206.
Summary
Analog Devices announced record second-quarter fiscal 2026 financial results with strong revenue and EPS growth, issued a positive outlook for Q3, and declared a quarterly dividend.
Key Events · Earnings and Guidance · ADI
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Record Q2 Financial Performance
Analog Devices reported Q2 fiscal 2026 revenue of $3.62 billion, a 37% year-over-year increase, with diluted EPS of $2.40 (up 111%) and adjusted diluted EPS of $3.09 (up 67%). Growth was seen across all end markets, led by Industrial and Communications.
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Strong Q3 Fiscal Year 2026 Outlook
The company forecasts Q3 fiscal 2026 revenue of $3.9 billion (+/- $100 million) and reported EPS of $2.60 (+/- $0.15), indicating continued strong demand and growth.
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Increased Shareholder Returns
Analog Devices returned $1.3 billion to shareholders in the second quarter through dividends and share repurchases, demonstrating strong cash generation with trailing twelve-month operating cash flow of $5.1 billion and free cash flow of $4.6 billion.
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Quarterly Dividend Declared
The Board of Directors declared a quarterly cash dividend of $1.10 per outstanding share of common stock, payable on June 16, 2026, to shareholders of record on June 2, 2026.
Analysis · ADI · Manufacturing
Analog Devices delivered robust second-quarter fiscal 2026 financial results, surpassing previous year figures with significant revenue and EPS growth across all end markets. The company also provided an optimistic outlook for the third quarter, projecting continued strong growth. This performance, coupled with a declared quarterly dividend, reinforces the company's strong operational discipline and market position, especially as it trades near its 52-week high.
At the time of this filing, ADI was trading at $420.88 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $202.3B. The 52-week trading range was $206.00 to $435.72. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.