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Analog Devices Reports Record Fiscal Second Quarter 2026 Financial Results
Analog Devices Reports Record Fiscal Second Quarter 2026 Financial
About this update from Analog Devices, Inc.
[{"type":"text","content":"Revenue of $3.62 billion, with year-over-year growth across all end markets, led by Industrial and CommunicationsOperating cash flow of $5.1 billion and free cash flow of $4.6 billion on a trailing twelve-month basis or 40% and 36% of revenue, respectivelyReturned $1.3 billion to shareholders via dividends and share repurchases in the second quarterWILMINGTON, Mass., May 20, 2026 /PRNewswire/ -- Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, today announced financial results for its fiscal second quarter 2026, which ended May 2, 2026.\"ADI's second quarter revenue and earnings were above the high end of our outlook, reflecting the combination of record demand and sharp operational discipline,\" said Vincent Roche, CEO and Chair. \"Our innovation-led value creation strategy targets our customers' most complex and consequential challenges with a goal of delivering substantial and sustained business impact. We continue to invest to extend our technology performance leadership and enhance our long-term value for customers and shareholders alike.\"\"We continued to see growing demand in the second quarter with record bookings across our B2B markets of Industrial, Automotive, and Communications,\" said Richard Puccio, CFO. \"These positive demand signals are reflected in our outlook for continued strong growth in the third quarter.\" Performance for the Second Quarter of Fiscal 2026Results Summary(1)(in millions, except per-share amounts and percentages) Three Months EndedMay 2, 2026May 3, 2025ChangeRevenue$ 3,623$ 2,64037 %Gross margin$ 2,440$ 1,61251 %Gross margin percentage67.3 %61.0 %630 bpsOperating income$ 1,380$ 678104 %Operating margin38.1 %25.7 %1,240 bpsDiluted earnings per share$ 2.40$ &nb...