Analog Devices Q3 earnings due August 19

Analog Devices (NASDAQ: ADI ) stock has jumped by 41% this year and by 65% in the last 12 months. This rally will be put to the test as the company publishes its third-quarter earnings report on August 19. Analog Devices Q3 Earnings to Shed Color on Growth Analog Devices, the giant semiconductor company, will release its third-quarter earnings, which will provide more color on its business. 62 billion, with its gross margin expanding to 51%.

This growth was driven by its data center business, which is seeing strong demand amid the ongoing AI boom. The other industrial areas, like aerospace and defense are benefiting from the increased spending by the Trump administration. 5 trillion. Its industrial business is the most profitable with 15 to 20-year average product lifecycle, Analog Devices is also benefiting from the rising demand for other areas like automation, electric test, and measurement.

These sectors, collectively, grew by 40% in the first half of the fiscal year. Read Also: Anthropic and OpenAI Revenues Soar, But a New Threat is Emerging Analysts are optimistic that Analog Devices’ business will continue doing well in the third fiscal quarter. 93 billion, a notable increase for a company that has been in business for decades. 07 billion, representing an annual growth rate of 32%.

33 in Q3’26. A look at its history shows that it has beaten and raised its earnings outlook in the last four consecutive quarters, a trend that may continue. Options Market Predicts Modest Moves Historically, Analog Devices stock tends to have a modest move after earnings. 5% after the report.

Before that, in February, it rose by less than 3%. The options market is signaling that the stock will have a modest move after the earnings. Options expiring on Friday have an implied volatility of 62%, while those expiring a week later are at 52%. 25, a sign that there are more puts than calls, which is often a bearish sign.

5% upward move means that the stock will jump to above $402, while a similar drop would push it to $376. Analysts remain highly bullish on Analog Devices, with Cantor Fitzgerald having a target of $550. KeyCorp, Fundamental Research, and Stifel Nicolaus have targets of $525, $550, and $498, respectively. The average target among analysts is $442, higher than where it is today.

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