Analog Devices (ADI) Stock Shrugs Off Weekly Dip With a Clean Earnings Win

TLDR

• Analog Devices posted adjusted EPS of $3.45 in fiscal Q3, beating the $3.34 Wall Street estimate
• Revenue jumped 40% year-over-year to $4.02 billion, topping the $3.92 billion consensus
• Q4 guidance came in above forecasts, with EPS of $3.71-$4.01 and revenue of $4.2B-$4.4B
• ADI stock rose around 2% in premarket trading to $384.39 after closing Tuesday down 3.5%
• The stock is up 39% year-to-date and 63% over the past 12 months

Analog Devices beat Wall Street estimates on both the top and bottom lines for its fiscal third quarter, sending the stock higher in premarket trading on Wednesday.

📊 Analog Devices $ADI Q3 Earnings

✅ Earnings Beat
Adj. EPS: $3.45
vs Est: $3.33 (beat by 3.29%)
YoY: ↑ 68.29% (from $2.05)

✅ Revenue Beat
Sales: $4.022B
vs Est: $3.920B (beat by 2.61%)
YoY: ↑ 39.64% (from $2.880B)

Q4 Adj EPS guided $3.71–$4.01… pic.twitter.com/FYIOmnQoTP

— CHItrader (@CHItrader) August 19, 2026

The chipmaker reported adjusted EPS of $3.45, up from $2.05 a year ago and ahead of the $3.34 analyst consensus. Revenue came in at $4.02 billion, a 40% increase year-over-year, beating the $3.92 billion estimate.

ADI stock rose roughly 2% in premarket trading to $384.39. That followed a 3.5% drop on Tuesday as AI-infrastructure names came under pressure across the board.

Analog Devices, Inc., ADI

The stock is up 39% in 2026 and has gained 63% over the past 12 months, fueled by rising demand for analog semiconductors used in data centers, industrial applications, and consumer products.

Q4 Guidance Tops Forecasts

For the fiscal fourth quarter, Analog Devices guided for adjusted EPS of $3.71 to $4.01. That compares to the Wall Street consensus of $3.54 to $3.55.

Revenue guidance came in at $4.2 billion to $4.4 billion, versus the $4.08 billion analysts had expected.

At the midpoint of the revenue range, the company expects an adjusted operating margin of around 52%, plus or minus 100 basis points.

The Q3 beat was led by strength in the Data Center and Industrial segments, two areas that have been key growth drivers for the company.

Peers Mixed in Premarket

Not every chip name got a lift from the ADI results. The sector was mixed in early premarket trading.

Texas Instruments rose 0.5%. ON Semiconductor was fractionally higher. Microchip Technology slipped 0.5%.

The moves come after a rough stretch for chip stocks this week, with several AI-linked names selling off on broader infrastructure concerns.

Analog Devices has now cleared the bar set by analysts for both earnings and revenue, and its forward guidance gives investors a cleaner picture heading into the final quarter of fiscal 2026.

The midpoint of Q4 revenue guidance sits at $4.3 billion, $220 million above what the Street had penciled in.

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