Analog Devices climbs as fiscal Q3 results, Q4 outlook beat forecasts

Investing.com -- Analog Devices shares climbed more than 1% in Wednesday premarket trading after the chipmaker reported fiscal third-quarter results and issued fourth-quarter guidance that topped Wall Street estimates, driven by strength in its data center and industrial businesses.

The company reported third-quarter earnings per share of $3.45, beating the analyst estimate of $3.34 by $0.11. Revenue rose 40% year-over-year to $4.02 billion, ahead of the $3.91 billion consensus estimate, led by growth in Data Center and Industrial.

Shares rose nearly 2% in the premarket trade by 07:07 ET (11:07 GMT).

For the fourth quarter of fiscal 2026, Analog Devices guided to earnings per share of $3.71 to $4.01, above the $3.55 consensus, and revenue of $4.2 billion to $4.4 billion, ahead of the $4.08 billion consensus.

At the midpoint of that revenue outlook, the company expects an adjusted operating margin of approximately 52.0%, plus or minus 100 basis points.

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