Overview
- Analog Devices reported fiscal third-quarter revenue of $4.02 billion and adjusted EPS of $3.45, beating Street estimates, in results published Wednesday that showed 40% year‑over‑year revenue growth.
- The company set fiscal fourth‑quarter revenue guidance around $4.3 billion and adjusted EPS at about $3.86 at the midpoint while forecasting an adjusted operating margin near 52 percent at the midpoint.
- ADI said it will buy Empower Semiconductor for $1.5 billion in cash to tackle rack‑level power delivery limits in AI systems, with the deal expected to close in the second half of 2026.
- Management returned $1.7 billion to shareholders in the quarter and the board declared a $1.10 quarterly cash dividend payable September 15.
- Investors have pushed the stock higher this year as ADI benefits from hyperscaler AI spending and rising rack power density, but executives warned that macroeconomic, geopolitical and AI‑capex swings could temper future demand.