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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Maxim revenue synergies clearly accelerated in FY25 and are in the hundreds of millions against $1 billion target by 2027
80% confidenceEarnings per share growth of more than 20% in fiscal 2025 was achieved
80% confidenceWe didn't get to the 70% gross margin as planned as the mix component wasn't as strong as we were expecting, citing auto mix
80% confidenceAuto has been ADI's strongest market and near term the market has been more resilient than predicted
80% confidenceADI did not reach the 70% gross margin target as planned because the mix component was not as strong as expected, citing auto mix
80% confidenceLead times are sub-13 weeks for most products and visibility has not necessarily improved over the last 2 years
80% confidenceQ1 outlook is up slightly quarter-over-quarter, reflects seventh straight quarter of above seasonal growth
80% confidenceAerospace and defense expected to have double-digit growth in FY26 and business has the capacity by the end of the decade to more than double
80% confidenceData center business grew about 50% in FY2025 and 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% confidenceFiscal 2025 gross margin was 69.3% and operating margin was 41.9%
80% confidenceFiscal 2025 gross margin was 69.3% and operating margin was 41.9%
80% confidenceQ1 gross margin is expected to be flattish due to seasonal shutdowns offset by higher industrial mix
80% confidenceData center grew about 50% in fiscal 2025 and ATE business grew at 40%
80% confidenceMaxim revenue synergies clearly accelerated in FY2025 and are in the hundreds of millions against $1 billion target by 2027
80% confidenceThe new Acoustics platform is enabling ADI to triple the value generated over legacy designs
80% confidenceExpectation 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% confidenceQ1 gross margin expected to be flattish due to seasonal shutdowns offset by higher industrial mix
80% confidenceEarnings per share growth of more than 20% in fiscal '25 was achieved
80% confidenceFY26 growth expected 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% 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% confidenceIndividual end market margins versus average has not changed in any meaningful way
80% confidence