Analog Devices posts transcript of Q3 2026 earnings call

Analog Devices posted the transcript of its fiscal Q3 2026 earnings call. Attendees included CEO Vincent Roche, CFO Richard Puccio, and IR head Jeff Ambrosi.

• Revenue was $4.02 billion, up 11% sequentially and 40% year over year.
• Adjusted EPS was $3.45, up 12% sequentially and 68% year over year.
• Q4 outlook: revenue of $4.3 billion ± $100 million; operating margin of 52% ± 100 bps; adjusted EPS of $3.86 ± $0.15.
• Gross margin is expected to rise about 150 bps to about 74% in Q4 on mix, fixed-cost absorption, and price adjustments; seasonal shutdown is seen as a Q1 drag.
• Data center now accounts for 80% of communications revenue. Management forecast multi-year strength, citing the shift to 800-volt DC, optical growth, and expanding analog content.