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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Expectation that in FY26, industrial and communications will lead the charge
80% confidenceADI achieved earnings per share growth of more than 20% in fiscal 2025
80% confidenceGross margin of 69.3% for the year and operating margin of 41.9%
80% confidenceMaxim revenue synergies clearly accelerated in '25, and it's in the hundreds of millions against our $1 billion target by '27
80% confidenceQ1 gross margin expected to be flattish due to seasonal shutdowns offset by higher industrial mix
80% confidenceCommunications is expected to be up 10% above seasonal in Q1 2026
80% confidencePower management for ADI is still an opportunity with a much bigger growth story
80% confidenceAnalog Devices generated record free cash flow of more than $4 billion in FY2025
80% confidenceAll end markets increased by double digits in fiscal 2025
80% confidenceQ1 outlook reflects seventh straight quarter of above seasonal growth
80% confidenceQ1 2026 adjusted EPS expected to be $2.29 plus or minus $0.10
80% confidenceFiscal 2025 earnings per share of $7.79 increased 22% versus fiscal 2024
80% confidenceAutomotive expected to be down mid-single digits below seasonal
80% confidenceFY26 growth expected due to expanding design pipeline, industry transitions to HBM4, and expected double-digit growth in hyperscaler CapEx
80% confidenceIndustrial is expected to be up mid-single digits above seasonal in Q1 2026
80% confidenceIndustrial segment growth in FY26 anticipated due to expanding design pipeline, industry transitions to HBM4, and expected double-digit growth in hyperscaler CapEx
80% confidencePower management for ADI is still an opportunity with a much bigger growth story
80% confidenceADI is realizing stronger value capture as reflected in the increase in average selling prices, particularly in new products where ASPs significantly exceed those of legacy offerings
80% confidenceNew Acoustics platform enables ADI to triple the value generated over legacy designs
80% confidenceBroad-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% confidenceADI generated record free cash flow of more than $4 billion
80% confidenceAuto has been strongest market, and near term the market has been more resilient than predicted, but some upside may have been tariff and policy related; ADI remains cautious due to uncertainty
80% confidenceWireless communications bottomed during the year with expectations for recovery
80% confidenceAll end markets increased by double digits in fiscal 2025
80% confidenceWireless communications bottomed during the year with expectations for recovery
80% confidenceCommunications expected to be up 10% above seasonal in Q1 2026
80% confidenceADI achieved continued growth in revenue and earnings per share, both above midpoint of outlook, with all end markets increasing by double digits in fiscal 2025
80% confidenceQ1 gross margin expected to be flattish due to seasonal shutdowns offset by higher industrial mix
80% confidenceAuto has been the strongest market but near term market has been more resilient than predicted; some upside may have been tariff and policy related; ADI remains cautious due to uncertainty
80% confidence