Analog Devices Revenue Jumps 30% as AI Data Center Spending Lifts Semiconductor Suppliers
Analog Devices posted $3.16 billion in Q1 FY2026 revenue, up 30% year over year, while Applied Materials beat earnings expectations — both riding elevated AI infrastructure spending. ADI shares have gained 57.3% year to date. The cycle shows further runway as hyperscaler capital expenditure remains elevated into 2027.
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