News
Analog Devices reports record data center orders and increased bookings for first quarter
Wednesday, February 18, 2026 at 01:01 PM
Analog Devices reported growth in bookings for the first quarter, highlighted by record order levels within its data center segment and general strength in industrial markets.
Context
On February 18, 2026, Analog Devices reported strong fiscal first-quarter results, surpassing expectations with revenue of $3.16 billion, a 30% year-over-year increase. Adjusted earnings reached $2.46 per share, up 51% from the prior year. This performance, which triggered a 7% pre-market stock rally, was driven by record orders in the Data Center segment and a 38% revenue jump in the Industrial business to $1.49 billion.
The results signal a robust recovery in the semiconductor supply chain, as AI infrastructure demand and industrial automation reach new peaks. Analog Devices also raised its quarterly dividend by 11% to $1.10 per share, reflecting confidence in its cash flow. For the second quarter, the company projected revenue of $3.5 billion, well above analyst estimates. Management views this outlook as a "new high watermark," indicating that the cyclical rebound and AI-driven secular tailwinds are accelerating heading into the mid-year.
Related Companies
Analog Devices
ADI