Jack of All Trades: High Stakes 02.18.2026
Analog Devices crushed Q1 (revenue $3.16B +30% YoY, EPS $2.46 +51% beat $2.33) with AI businesses (~20% revenue) accelerating—ATE +40%, data center +50%. Margins expanding (71.2% gross +240bps, 45.5% operating +500bps). Q2 guide $3.5B new ADI record. "Banner year" potential.