Analog Devices stock reports 40 percent revenue growth

Published on 10/06/2026 at 18:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Analog Devices stock builds on USD 4.02 billion in fiscal Q3 revenue, up 40 percent year over year. The consensus target is USD 460.09.

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Analog Devices stock (ISIN US0326541051) was trading at USD 420.54 on Nasdaq on October 6, 2026, up 0.34 percent from the previous close. The semiconductor company is building on fiscal third quarter revenue of USD 4.02 billion, which rose 40 percent year over year, while adjusted EPS reached USD 3.45.

Revenue reaches a new scale

According to Zacks on September 18, 2026, fiscal Q3 adjusted earnings beat consensus by 3.6 percent and revenue exceeded consensus by 2.5 percent. The same report put adjusted gross margin at 72.5 percent and adjusted operating margin at 50 percent, with both measures higher than in the year-ago quarter.

The operating mix is shifting toward areas tied to artificial intelligence infrastructure. Industrial revenue reached USD 1.97 billion, or 49 percent of the quarter, while communications revenue rose 84 percent year over year to USD 654.5 million, according to Zacks.

Fourth quarter guidance raises the bar

Analog Devices expects fiscal Q4 revenue of USD 4.3 billion plus or minus USD 100 million, adjusted operating margin of 52 percent plus or minus 1 percentage point and adjusted EPS of USD 3.86 plus or minus USD 0.15. Those figures imply another step up from the fiscal Q3 adjusted EPS of USD 3.45.

The earnings-call transcript says data center revenue within communications grew more than 100 percent year over year, while data center and ATE together represented 20 percent of company revenue. Management also pointed to a risk factor: inflation and a seasonal shutdown could pressure margins after the fiscal Q4 exit level.

Alif deal adds an execution test

On September 9, 2026, Analog Devices announced a USD 1.35 billion all-cash acquisition of Alif Semiconductor, with up to USD 200 million in contingent consideration. The transaction is expected to close before the end of calendar year 2026, subject to regulatory and other customary conditions.

The deal extends Analog Devices into AI-native microcontrollers and fusion processors, complementing its analog, sensing, power and connectivity portfolio. Integration and regulatory execution therefore matter alongside the strong operating figures.

Consensus target stays above the quote

According to MarketBeat on October 5, 2026, 1 analyst rated the stock Strong Buy, 29 rated it Buy and 3 rated it Hold, producing a Moderate Buy consensus. The average price target was USD 460.09, which lies 9.4 percent above the USD 420.54 Nasdaq price.

Nasdaq quote holds near yearly high

Analog Devices stock was trading at USD 420.54 on Nasdaq at 12:16 p.m. ET on October 6, 2026. The session range was USD 417.19 to USD 422.67, the 52-week range was USD 223.47 to USD 445.91, and market capitalization stood at USD 204.8 billion.