Chipmaker Analog Devices Reports Accelerating Sales, Earnings Growth

CoffeeNFTs · 2026-02-18T19:54:59+00:00

Analog Devices exceeded fiscal Q1 expectations with adjusted earnings of $2.46 per share and sales of $3.16 billion, leading to a stock price increase. They forecast higher earnings for Q2 and raised their dividend by 11%.

CoffeeNFTs

2026-02-18 19:54:59

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Analog Devices (ADI) on Wednesday handily beat Wall Street’s targets for its fiscal first quarter. It also guided higher than views for the current period. ADI stock rose on the news.

The Wilmington, Mass.-based chipmaker earned an adjusted $2.46 a share on sales of $3.16 billion in the quarter ended Jan. 31. Analysts surveyed by FactSet had expected earnings of $2.31 a share on sales of $3.12 billion. On a year-over-year basis, its earnings jumped 51% while sales rose 30%.

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Fiscal Q1 marked its fourth consecutive quarter of accelerating sales growth. Earnings growth accelerated for the second straight quarter.

For the current quarter, Analog Devices forecast adjusted earnings of $2.88 a share on sales of $3.5 billion. Wall Street was modeling earnings of $2.46 a share on sales of $3.24 billion in the fiscal second quarter. In the same quarter last year, Analog Devices earned an adjusted $1.85 a share on sales of $2.64 billion.

Analog Devices also raised its quarterly dividend by 11% to $1.10 a share, marking 22 consecutive years of increases.

ADI Stock Is On Two IBD Lists

In morning trades on the stock market today, ADI stock rose nearly 4% to 350.70. Earlier in the session, ADI stock hit an all-time high of 355.36.

“During our first quarter, bookings growth continued, driven by broad strength in Industrial and record orders for our Data Center segment,” Chief Financial Officer Richard Puccio said in a news release.

He added, “While the macro and geopolitical backdrop remains challenging, our revenue outlook for the second quarter reflects a new high watermark for ADI, underscoring our strong execution against cyclical and secular growth tailwinds.”

ADI stock is trading in record high territory. It has climbed steadily since breaking out of a flat base at a buy point of 258.13 on Nov. 26, according to MarketSurge charts.

ADI stock is on two IBD lists: Big Cap 20 and Tech Leaders.

Follow Patrick Seitz on X at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.

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