Analog Devices Raises Quarterly Dividend 11% to $1.10, Extends Streak to 22 Years
Analog Devices, Inc. declared a quarterly cash dividend of $1.10 per share, an 11% increase from the prior $0.99 payout. The semiconductor maker's dividend increase marks its twenty-second consecutive year of raises.
Analog Devices, Inc. (NASDAQ: ADI), a global semiconductor manufacturer, declared a quarterly cash dividend of $1.10 per outstanding share of common stock, up 11% from the previous quarterly dividend of $0.99 per share. The increase extends the company's dividend growth streak to twenty-two consecutive years. Read more dividend announcements.
The dividend will be paid on March 17, 2026 to shareholders of record as of the close of business on March 3, 2026. The company announced the dividend alongside its fiscal first quarter 2026 financial results.
| Dividend Details | Date |
|---|---|
| Amount per Share | $1.10 |
| Record Date | March 3, 2026 |
| Payment Date | March 17, 2026 |
| Previous Dividend | $0.99 |
| Increase | 11% |
First Quarter Performance
The dividend increase came as Analog Devices reported first quarter fiscal 2026 revenue of $3.16 billion, up 30% year-over-year. The company said growth was driven across all end markets, led by its Industrial and Communications segments.
Operating cash flow reached $5.1 billion on a trailing twelve-month basis, representing 43% of revenue. Free cash flow totaled $4.6 billion, or 39% of revenue, over the same period. The company returned $1.0 billion to shareholders through dividends and share repurchases during the first quarter.
Gross margin for the quarter was $2.05 billion, or 64.7% of revenue, compared to 59.0% in the prior year period. Operating income more than doubled to $997 million, lifting operating margin to 31.5% from 20.3% a year earlier.
For the second quarter of fiscal 2026, Analog Devices forecast revenue of $3.5 billion, plus or minus $100 million. The midpoint would represent a new quarterly revenue record for the company. Management said bookings growth continued in the quarter, with record orders in its Data Center segment.
Capital expenditures in the first quarter totaled $109.3 million. The company generated net cash from operating activities of $1.37 billion during the quarter.