Analog Devices forecasts $3.1B Q1 revenue as industrial and communications lead FY26 growth
View original at seekingalpha.comAnalog Devices forecasts $3.1B Q1 revenue as industrial and communications lead FY26 growth Earnings Call Insights: Analog Devices (ADI) Q4 2025 MANAGEMENT VIEW * CEO Vincent Roche reported "continued growth in revenue and earnings per share, both of which finished above the midpoint of our outlook," noting that all en…
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Broad-based growth in FY26 led by industrial and communications, supported by cyclical and idiosyncratic tailwinds
80% confidencePower management for ADI is still an opportunity with a much bigger growth story
80% confidenceEarnings per share of $7.79 increased 22% versus fiscal 2024
80% confidenceQ1 2026 adjusted EPS is expected to be $2.29, plus or minus $0.10
80% confidenceEarnings per share of $7.79 increased 22% versus fiscal 2024
80% confidenceIndividual end market margins versus average has not changed in any meaningful way
80% confidenceIn FY26, industrial expected up mid-single digits above seasonal, automotive down mid-single digits below seasonal, communications up 10% above seasonal, and consumer seasonally down low double digits
80% confidenceDid not reach 70% gross margin as planned because mix component wasn't as strong as expected, citing auto mix
80% confidenceCommunications expected to be up 10% above seasonal in Q1 2026
80% confidenceRevenue for fiscal 2025 came in at just over $11 billion, up 17% from fiscal 2024, with double-digit growth across all end markets
80% confidenceExpectation is that in FY26, industrial and communications will lead the charge
80% confidenceBroad-based growth expected in FY2026 led by industrial and communications, supported by cyclical and idiosyncratic tailwinds
80% confidenceADI did not reach 70% gross margin as planned because mix component wasn't as strong as expected, citing auto mix
80% confidenceAerospace and defense is expected to see double-digit growth in FY26 and the business has the capacity by the end of the decade to more than double
80% confidenceExpectation is that in FY26, industrial and communications will lead the charge
80% confidenceBroad-based growth expected in FY26 led by industrial and communications, supported by cyclical and idiosyncratic tailwinds
80% confidenceQ1 outlook reflects seventh straight quarter of above seasonal growth
80% confidenceThe individual end market margins versus average has not changed, not in any meaningful way
80% confidenceRecord free cash flow of more than $4 billion was generated in fiscal 2025
80% confidenceWireless communications bottomed during the year with expectations for recovery
80% confidenceCommunications expected to be up 10% above seasonal
80% confidenceADI generated record free cash flow of more than $4 billion in fiscal 2025
80% confidenceAll end markets increased by double digits in fiscal 2025
80% confidenceEarnings per share of $7.79 increased 22% versus fiscal 2024
80% confidenceData center business grew about 50% in FY25 and the ATE business grew at 40%
80% confidenceWireless communications bottomed during the year with expectations for recovery
80% confidenceConsumer expected to be seasonally down low double digits in Q1 2026
80% confidenceContinue to see some risk in auto around tariff and some of the macro environment
80% confidenceIndividual end market margins versus average has not changed in any meaningful way
80% confidenceData center business in FY25 grew about 50% and ATE business grew at 40% last year
80% confidence