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Analog Devices Beats on Q3 Earnings, Guides Q4 Revenue to $4.3 Billion
Analog Devices reported third-quarter fiscal 2026 non-GAAP earnings of $3.45 per share, beating the Zacks Consensus Estimate by 3.6% and up from $2.05 per share a year earlier, while revenues of $4.02 billion surpassed the consensus by 2.5% and rose 40% from the year-ago quarter's $2.88 billion. Within that total, Industrial contributed $1.97 billion, or 49% of revenues, up 53% year over year; Automotive brought in $998.2 million, or 25%, up 16%; Communications generated $654.5 million, or 16%, up 84%; and Consumer added $397.2 million, or 10%, up 6%. The adjusted gross margin expanded 330 basis points to 72.5% and the adjusted operating margin reached 50%, up 780 basis points year over year. For the fourth quarter of fiscal 2026, management guided revenues to $4.3 billion, plus or minus $100 million, with adjusted earnings of $3.86 per share, plus or minus $0.15, and an adjusted operating margin of about 52%. The company returned $1.7 billion to shareholders in the quarter, comprising $535 million in dividends and $1.16 billion in share repurchases, and held $2.17 billion in cash and cash equivalents as of Aug. 1, 2026.
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Subaru Partners With onsemi to Evaluate Embedded Power Platform for Future EVs
Subaru has entered a strategic collaboration with onsemi to evaluate its Embedded Power Platform, a step toward integrating next-generation power architectures into future electric vehicles. Under the partnership, Subaru gains early access to engineering samples and technical expertise as it assesses whether onsemi's power semiconductor integration can deliver scalable, efficient solutions for vehicle electrification. The two companies said the work will explore how a more integrated power system design can improve vehicle performance, efficiency and design flexibility as automakers expand their electrified lineups. The collaboration was announced by onsemi on GlobeNewswire.
Ministry of Education Partners with Germany's Infineon to Raise Thai Vocational Education to International Standards
The Ministry of Education has reached a strategic cooperation agreement with Infineon, Germany's largest manufacturer of semiconductor devices and chips, to elevate Thai vocational education to international standards through the dual-system or Dual TVET model, which combines theoretical study in educational institutions with hands-on training in enterprises, following the Learn to Earn concept of learning while working. Under the partnership, industry will take part in designing curricula, skills training, and competency standards from the classroom all the way to the factory floor. The cooperation prepares the ground for Infineon's new plant in Thailand, scheduled to open on October 1, which will serve as a major regional base for advanced chipset production. The government also aims to adapt the successful template of the German vocational system so that enterprises and educational institutions work together fully, developing curricula that meet the needs of future industries, especially in high-technology fields, while upgrading the assessment of professional skills and learner qualifications so they are recognized internationally. The partnership also covers exchanges of experts and bringing advanced technology into the classroom to develop vocational teachers across the entire system, and gives students internships at Thai and German enterprises so they gain professional skills, language ability, and real experience, ready to work immediately.