Analog Devices' Industrial segment revenue rose 56% year over year to $1.80 billion in the second quarter of fiscal 2026, accounting for half of total company revenues. For the first six months, Industrial revenues increased 48% to $3.30 billion. Management expects Industrial to maintain above-seasonal growth, with mid- to high-single-digit sequential growth projected for the fiscal third quarter of 2026. The segment benefits from broad exposure across automated test equipment, aerospace and defense, automation, electronic test and measurement, sustainable energy, healthcare and broad-market industrial applications. ADI shares have gained 43.9% year to date, and the stock trades at a forward price-to-sales ratio of 11.64X, higher than the industry's average of 8.68X.
Analog Devices IncIndustrial segment revenue jumped 56% YoY, with strong growth across multiple end markets.
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