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Analog Devices ADI Q1 2026 earnings

Reported February 18, 2026 · Before market open

Revenue$3.2BBeat by $42.6MDiluted EPS$2.46Beat by $0.15
Revenue estimate$3.1B
EPS estimate$2.31

Next report

Aug 19, 2026 (in a month)
Revenue estimate$3.9B
EPS estimate$3.33

Financials

Q1 2026

Income statement

See full
Revenue$3.2B+30.4%
Gross profit$2.0B+43.0%
Operating income$997.0M+103%
Net income$830.8M+112%
EPS (diluted)$1.69+117%

Balance sheet

See full
Cash & equivalents$1.5B0.0%
Total debt$8.1B+16.0%
Total equity$33.8B-3.7%
Total assets$48.0B0.0%

Cash flow

See full
Operating cash flow$1.4B+21.5%
CapEx$109.3M-26.6%
Free cash flow$1.3B+28.8%

Valuation & ratios

Valuation

as of 01/31/26
See full
Market cap$173.85B+52.4%
Enterprise value$180.49B+50.9%
P/E64.2×-8.7×
P/S14.8×+2.6×

Profitability

See full
Gross margin62.8%+5.7pp
Operating margin29.2%+8.5pp
Net margin23%+6.3pp
FCF margin38.8%+4.7pp

Returns & leverage

See full
Return on equity7.9%+3.4pp
Debt / equity0.2×0.0×
Current ratio1.8×-0.2×

Segments

By segment

See full
Reportable Segment$3.2B—

Versus estimates

Revenue

Q2 2026$3.6BBeat by $110.3M
Q1 2026$3.2BBeat by $42.6M
Q4 2025$3.1BBeat by $71.9MQ3 2025$2.9BBeat by $111.9MQ2 2025$2.6BBeat by $126.8MQ1 2025$2.4BBeat by $63.1M

Diluted EPS

Q2 2026$3.09Beat by $0.20
Q1 2026$2.46Beat by $0.15
Q4 2025$2.26Beat by $0.02Q3 2025$2.05Beat by $0.10Q2 2025$1.85Beat by $0.15Q1 2025$1.63Beat by $0.09

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Questions, answered.

When did Analog Devices report Q1 2026 earnings?
Analog Devices (ADI) reported Q1 2026 earnings on February 18, 2026 before market open.
What were Analog Devices's Q1 2026 revenue and EPS?
Analog Devices reported revenue of $3.2B and diluted EPS of $2.46 for Q1 2026.
Did Analog Devices beat estimates in Q1 2026?
Revenue beat the consensus estimate of $3.1B by $42.6M. EPS beat the consensus estimate of $2.31 by $0.15.
How did Analog Devices's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 30.4% from $2.4B a year earlier and diluted EPS grew 50.9% from $1.63.
Where can I find Analog Devices's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000006281-26-000015) and the 10-Q periodic report (0000006281-26-000016) directly on SEC EDGAR. The filing index links above go to sec.gov.