Analog Devices 1Q Profit Jumps on Data Center, Industrial Strength
By Nicholas G. Miller
Analog Devices reported higher fiscal first-quarter profit and bookings growth, driven by strength in its industrial and data center businesses.
The company posted net income of $830.8 million, or $1.69 a share, up from $391.3 million, or 78 cents a share, the year prior.
Adjusted earnings were $2.46 a share. Analysts polled by FactSet had expected $2.31 a share.
Revenue rose 30% to $3.16 billion. Wall Street expected $3.12 billion. Industrial revenue rose 38% to $1.49 billion, while communications revenue jumped 63% to $476.8 million.
The company guided for second-quarter revenue of $3.5 billion, plus or minus $100 million, and adjusted earnings of $2.88 a share, plus or minus 15 cents. Analysts see second-quarter earnings of $2.46 a share and revenue of $3.24 billion.
"During our first quarter, bookings growth continued, driven by broad strength in Industrial and record orders for our Data Center segment. While the macro and geopolitical backdrop remains challenging, our revenue outlook for the second quarter reflects a new high watermark" for the company, said Chief Financial Officer Richard Puccio.
Write to Nicholas G. Miller at nicholas.miller@wsj.com
(END) Dow Jones Newswires
February 18, 2026 07:33 ET (12:33 GMT)
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