Analog Devices

ADI · Information Technology · Market cap $178B

Q2 FY26 May 2, 2026 reported May 20, 2026

Revenue$3.6B +37% year over year

Gross profit$2.4B

Operating profit$1.4B

Net profit$1.2B 32% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q2 FY26 (period ends May 2, 2026).
Item	Value	Share of revenue	Year over year
Revenue	3.6	100%	+37%
Industrial	1.8	50%	+56%
Automotive	0.9	25%	+2%
Communications	0.6	17%	+79%
Consumer	0.4	11%	+23%
Cost of revenue	−1.2	33%
Gross profit	2.4	67% margin	+6pp
Research & development	−0.5	14%	−3pp
SG&A	−0.4	10%	−1pp
Other	−0.2	5%	+0pp
Operating profit	1.4	38% margin	+12pp
Tax	−0.1
Interest & other costs	−0.1
Net profit	1.2	32%	+11pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Jan 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	3.2	100%	+30%
Industrial	1.5	47%	+38%
Automotive	0.8	25%	+8%
Communications	0.5	16%	+63%
Consumer	0.4	12%	+27%
Cost of revenue	−1.1	34%
Gross profit	2	65% margin	+6pp
Research & development	−0.5	15%	−2pp
SG&A	−0.3	11%	−1pp
Other	−0.2	7%	+0pp
Operating profit	1	32% margin	+11pp
Tax	−0.1
Interest & other costs	−0.1
Net profit	0.8	26%	+10pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Aug 2, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.9	100%	+25%
Industrial	1.3	45%	+23%
Automotive	0.9	31%	+22%
Communications	0.4	14%	+40%
Consumer	0.4	14%	+21%
Cost of revenue	−1.1	38%
Gross profit	1.8	62% margin	+5pp
Research & development	−0.5	16%	+0pp
SG&A	−0.3	11%	+0pp
Other	−0.2	7%	+0pp
Operating profit	0.8	28% margin	+7pp
Tax	−0.2
Interest & other costs	−0.1
Net profit	0.5	18%	+1pp

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Feb 1, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.4	100%	−4%
Industrial	1.1	46%	−10%
Automotive	0.7	29%	−2%
Consumer	0.3	12%	+19%
Communications	0.3	12%	−4%
Cost of revenue	−1	42%
Gross profit	1.4	59% margin	+0pp
Research & development	−0.4	17%	+1pp
SG&A	−0.3	12%	+0pp
Other	−0.3	10%	+0pp
Operating profit	0.5	20% margin	−3pp
Interest & other costs	−0.1
Net profit	0.4	16%	−2pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26	May 2, 2026	May 20, 2026	$3.6B	+37%	39%	$1.2B	32%
Q1 FY26	Nov 2, 2025 – Jan 31, 2026	Feb 18, 2026	$3.2B	+30%	31%	$0.8B	26%
Q3 FY25	May 4 – Aug 2, 2025	Aug 20, 2025	$2.9B	+25%	28%	$0.5B	18%
Q1 FY25	Nov 3, 2024 – Feb 1, 2025	Feb 19, 2025	$2.4B	−4%	21%	$0.4B	16%