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Analog Devices Inc
XMUN:ANL

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Analog Devices Inc
XMUN:ANL
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Price: 312.95 EUR -2.51% Market Closed
Market Cap: €155.2B

Analog Devices Inc
Investor Relations

Analog Devices makes chips that help electronic systems sense the real world and control what happens next. Its main products include analog, mixed-signal, and signal-processing semiconductors that measure things like sound, temperature, motion, voltage, and pressure, then turn that data into something a machine can use. These parts sit inside industrial equipment, cars, communications gear, medical devices, and many kinds of factory and test equipment. The company sells mostly to original equipment makers and large industrial customers that build finished products around its chips. It also sells through distributors and design partners that help engineers choose the right components for new systems. Analog Devices makes money by selling these chips and related software and support tools that help customers design them into long-lived products. What makes Analog Devices different is that it does not try to build flashy consumer gadgets; it focuses on the hidden electronics that make complex machines reliable, precise, and connected. Its chips often stay in a customer’s design for many years, so the business is tied to the long replacement cycle of industrial and automotive electronics rather than to short consumer product trends.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
May 20, 2026
AI Summary
Q2 2026

Record quarter: Analog Devices said second-quarter revenue, profitability and EPS all finished above the high end of guidance, with revenue reaching a new high watermark at $3.62 billion.

Industrial strength: Industrial was the biggest driver, up 20% sequentially and 56% year over year, with aerospace and defense, ATE, ETM and the broad market all contributing.

AI demand: Data center sales were exceptionally strong, with communications revenue up 79% year over year and data center up more than 90% year over year, driven by power and optical products.

Margin power: Gross margin reached 73% and EPS hit a record $3.09, helped by better mix, higher utilization and pricing.

Outlook: Third-quarter revenue guidance is $3.9 billion, plus or minus $100 million, and EPS guidance is $3.30, plus or minus $0.15.

Power expansion: ADI announced the planned acquisition of Empower Semiconductor, saying it fills a gap in its vertical power platform and should start contributing more meaningfully in 2027.

Key Financials
Revenue
$3.62 billion
Gross margin
73%
Operating margin
49%
EPS
$3.09
Tax rate
11.8%
OpEx
$872 million
Cash and short-term investments
$3.4 billion
Net leverage ratio
0.8
Inventory
$81 million increase sequentially
Days of inventory
168
Channel inventory weeks
within 6 to 7 weeks
Operating cash flow
$5.1 billion
Capital expenditures
$0.5 billion
Free cash flow
$4.6 billion
Shareholder returns
$5 billion
Industrial revenue share
50% of second quarter revenue
Automotive revenue share
24% of revenue
Communications revenue share
15% of revenue
Consumer revenue share
11% of quarterly revenue
Earnings Call Recording
Other Earnings Calls

Management

Mr. Vincent T. Roche
CEO & Chair of the Board of Directors

Vincent T. Roche is a prominent business executive known for his leadership at Analog Devices Inc. (ADI). He joined the company in 1988 and has held various senior positions, leading to his appointment as President and Chief Executive Officer in May 2013. Roche played a significant role in driving the company’s growth and innovation strategies, particularly in the areas of analog and digital signal processing technologies. Under his leadership, ADI has expanded its product portfolio and strengthened its position in key markets like industrial, automotive, and communications. Roche has been instrumental in guiding the company through significant acquisitions, including the purchase of Linear Technology in 2017, which has enhanced ADI's capabilities and market reach. A native of Ireland, Roche holds a bachelor's degree in electrical engineering from the University of Limerick. His strategic vision and focus on innovation have positioned Analog Devices as a leader in the semiconductor industry, emphasizing research and development to stay at the forefront of technology advancements. Roche's leadership is characterized by his commitment to fostering a strong company culture and driving long-term shareholder value.

Dr. Raymond S. Stata Ph.D.
Co-Founder & Board Member

Dr. Raymond S. Stata is a prominent figure in the technology industry, best known for his role at Analog Devices, Inc., a leading company specializing in semiconductors and signal processing technology. Stata co-founded Analog Devices in 1965 with Matthew Lorber, serving as a key executive throughout the company's growth and development over several decades. In addition to his role as co-founder, Ray Stata served as CEO and later chairman of the board, guiding the company through significant advancements in analog and mixed-signal integrated circuits. Under his leadership, Analog Devices became renowned for innovation in areas such as data converters, amplifiers, and other critical components in electronics. Stata holds a bachelor's and a master's degree in electrical engineering from the Massachusetts Institute of Technology (MIT), where he is also recognized for his contributions to academia and industry. He has been actively involved in promoting entrepreneurship and technology innovation, providing mentorship and support to numerous startups and initiatives. Raymond Stata's influence extends beyond Analog Devices; he has served on various boards and councils, contributing to dialogue and development in the tech industry. His vision and leadership have left a lasting legacy, not only in the firms he led but also in the broader field of electronics and semiconductors.

Mr. Vivek Jain
Executive Vice President of Global Operations & Technology

Vivek Jain serves as the Senior Vice President of the Industrial Automation, Energy, and Sensors Group at Analog Devices, Inc. With a wealth of experience in the semiconductor industry, he is responsible for overseeing the company's strategies and operations within these pivotal sectors. He has spearheaded efforts to integrate cutting-edge technologies into industrial and energy applications, supporting Analog Devices' mission to innovate and drive growth. Mr. Jain's leadership is marked by a commitment to advancing automation, enhancing energy efficiency, and deploying sensor solutions, contributing significantly to the company's success in these areas. He holds a strong engineering and leadership background that has driven numerous successful initiatives within the organization.

Ms. Anelise Sacks
Executive VP & Chief Customer Officer

Anelise Sacks is a prominent executive at Analog Devices, Inc. She serves as the Chief Customer Officer (CCO) for the company, a role in which she leads the development and execution of strategies aimed at enhancing customer engagement and satisfaction. Her responsibilities include overseeing customer relationships and ensuring that Analog Devices meets the evolving needs of its global customer base. With a career spanning several decades in the semiconductor and technology sectors, Ms. Sacks is known for her experience in driving customer-centric initiatives and building strong partnerships. Before joining Analog Devices, she held various leadership positions at leading technology companies, where she honed her skills in strategic planning, sales, and customer service. Her leadership style is characterized by a focus on collaboration, innovation, and aligning the company's goals with the expectations of its customers. Sacks' contributions are crucial in helping Analog Devices strengthen its market position and in fostering a culture of customer excellence within the organization.

Mr. Gregory M. Bryant
Executive VP & President of Business Units

Gregory M. Bryant is known for his executive role at Analog Devices, Inc. He serves as Executive Vice President and President of Business Units. In this capacity, Bryant is responsible for overseeing the company's strategic direction, innovation, and operational execution across its various business units. Known for his leadership and expertise in technology development and business management, Bryant brings extensive experience to his role. Before his tenure at Analog Devices, he had a distinguished career at Intel Corporation, where he held various leadership positions, including Executive Vice President and General Manager of the Client Computing Group. His work has significantly contributed to driving growth and innovation in the semiconductor industry.

Mr. Richard C. Puccio Jr.
Executive VP & CFO

Richard C. Puccio Jr. is recognized as a seasoned executive with extensive experience in the semiconductor industry, holding the role of Senior Vice President of Sales and Applications at Analog Devices, Inc. (ADI). Throughout his tenure, he has been instrumental in driving growth and cultivating strong relationships with customers across various sectors, ensuring that ADI's solutions meet their diverse needs. Puccio's leadership in sales and applications has been crucial for the company's expansion and adaptation in an ever-evolving technological landscape. His deep understanding of market dynamics and customer requirements has enabled Analog Devices to maintain its competitive edge. Puccio is known for his strategic insights and his ability to effectively lead teams, foster innovation, and sustain a customer-centric approach within the company. Overall, his contributions have significantly aided ADI in its mission to deliver high-performance signal processing technologies that enhance customer experiences and outcomes globally. (Note: Please verify from official company sources or profiles for the most accurate and updated information about Richard C. Puccio Jr.)

Mr. Michael Sondel
Corporate VP & Chief Accounting Officer
No Bio Available
Mr. Alan Lee
Senior VP & CTO

Alan Lee is the Senior Vice President and Chief Technology Officer at Analog Devices, Inc. As CTO, he is responsible for leading the company's technology strategy and ensuring that ADI's technological capabilities align with its business objectives. Lee brings a wealth of experience in technology leadership to his role, with a career spanning various significant positions in the tech industry. His expertise includes driving innovation, overseeing research and development efforts, and fostering technological advancements to maintain ADI's competitive edge. Before joining Analog Devices, Alan Lee held leadership roles at other prominent tech companies, where he focused on advanced technology development and strategic growth initiatives. His academic background is anchored in engineering and technology, providing a solid foundation for his contributions to the industry. Alan Lee is also well-regarded for his collaborative approach and ability to inspire teams towards achieving ambitious technological goals.

Mr. Michael C. Lucarelli
Vice President of Investor Relations and FP&A

Michael C. Lucarelli is the Senior Vice President of Finance and Chief Financial Officer (CFO) at Analog Devices, Inc., a leading multinational specializing in semiconductor technology. He assumed the position of CFO in May 2023. Michael joined Analog Devices in 2011, bringing a wealth of experience in financial leadership within the technology sector. Prior to becoming CFO, Lucarelli held various senior roles within Analog Devices, gaining a reputation for his expertise in strategic financial planning, investor relations, and operational management. His deep understanding of the company’s financial operations has been pivotal in driving Analog Devices' growth and innovation in the semiconductor industry. Lucarelli's leadership extends beyond traditional CFO responsibilities, as he has been influential in spearheading initiatives that align financial strategies with the overall business objectives of Analog Devices. His contributions have played a significant role in enhancing the company's financial performance and maintaining its competitiveness in a rapidly evolving market. His educational background includes a bachelor's degree in finance and an MBA, underpinning his strong foundation in financial management and strategic business analysis. Michael's career is marked by a commitment to excellence and innovation in financial operations, making him a key figure in Analog Devices' executive leadership team.

Ms. Janene I. Asgeirsson J.D.
Chief Legal Officer & Corporate Secretary

Janene I. Asgeirsson J.D. is the Senior Vice President, Chief Legal Officer, Chief Risk Officer, and Secretary at Analog Devices, Inc. Her role encompasses overseeing the company's legal, risk, and compliance functions. With extensive experience in legal affairs and corporate governance, Ms. Asgeirsson plays a crucial role in advising the company's leadership on legal strategies and risk management. She joined Analog Devices with a strong background in corporate law, having held significant positions in other leading technology companies. Her expertise supports Analog Devices in navigating complex legal and regulatory landscapes, fostering a culture of integrity and compliance.

Contacts

Address
MASSACHUSETTS
Wilmington
One Analog Way
Contacts
+17813294700.0
www.analog.com
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