Analog Devices Reports Record Fiscal Third Quarter 2026 Financial Results

The company said fiscal third-quarter revenue was $4.02 billion, with Data Center and Industrial leading year-over-year growth. On a trailing-twelve-month basis, operating cash flow was $5.5 billion and free cash flow was $4.9 billion, equal to 40% and 36% of revenue, respectively. Analog Devices also said it returned $1.7 billion to shareholders through dividends and other capital returns.

The result directly touches ADI, whose supplied fiscal-year enrichment shows $11.0 billion of revenue, up 16.9% year over year, with 61.5% gross margins and 20.6% net margins. The mechanism is a combination of demand recovery in Data Center and Industrial and the conversion of revenue into substantial cash generation.

The next read-through is the company’s forward outlook, including the pace of Data Center and Industrial demand and whether the record quarter broadens across the portfolio. The supplied report does not include earnings per share, a revenue surprise versus consensus, or updated guidance, leaving the market’s exact reaction dependent on those omitted details.