ADI Q3 revenue +40% to $4.0B, net income +158% to $1.3B on lower tax rate

Filed August 19, 2026 · Period ending August 1, 2026 · Compared to 10-Q Aug 20, 2025 · ~2 min read

Key Changes

• high

  Net income surged 158% to $1.34B (diluted EPS +163% to $2.74) while operating income rose 97%, driven by a lower effective tax rate (13.3% vs 32.1% prior year) rather than operational improvement.

  MD&A: Net Income & Tax Rate verify on EDGAR →
• high

  Revenue grew 40% YoY to $4.0B in Q3 FY26, led by Communications (+84% to $655M, driven by AI datacenter demand) and Industrial (+53% to $2.0B). Gross margin expanded 520bp to 67.3% on higher utilization and favorable mix.

  MD&A: Revenue & Margins verify on EDGAR →
• high

  Acquired Empower Semiconductor for ~$1.5B in July 2026, adding $1.0B goodwill and $0.6B intangible assets (primarily technology-based) to enhance power technology portfolio. Transaction costs of $23.4M expensed in Q3.

  Notes: Acquisitions verify on EDGAR →