ADI

AI Research

Q1 2026 revenue $3.16B +30% YoY, Q2 guided $3.5B → AI/data center momentum

Analog Devices reported Q1 2026 EPS of $2.46, beating estimates of $2.31 by 6.5%, with fiscal first-quarter revenue of $3.16 billion up 30% year-over-year at the high end of guidance, and Q2 guidance of $3.5 billion (+33% YoY). The company is gaining momentum in semiconductor sales with a strategic shift toward comprehensive AI and automotive solutions, positioning ADI well as a supplier into data centers and automated test equipment. Despite strong results, a recent 6.5% stock decline raises questions about margin plans and competition risks; analysts hold a Zacks Rank #2 (Buy).