Record Performance and Billions in Cash Conversion: A Message from the CEO of 'ADI' in May

Analog Devices, Inc. (NYSE: ADI) reported record second-quarter fiscal 2026 revenue of approximately $3.6 billion, marking year-over-year growth in the high 30 percent range. Leveraging strong cash generation, the company returned several trillion Korean won to shareholders through dividends and share repurchases. For the third quarter, ADI forecasts continued revenue gains and an operating margin of about 40 percent, and has declared a cash dividend of $1.10 per share as of June 16. In May, Chairman and CEO Vincent Roche exercised and sold multiple performance-based stock options and common shares to secure liquidity totaling hundreds of billions of Korean won, while still retaining a substantial equity stake held directly and in trust.

To bolster its AI power-semiconductor portfolio, ADI agreed to acquire Empower Semiconductor, a privately held U.S. company, for approximately $1.5 billion (roughly 2 trillion KRW), expanding its high-efficiency power-management offerings for data centers. Subject to regulatory approval, the transaction is expected to close in the second half of 2026 and was highlighted as a growth driver in the latest earnings release.

Analog Devices is a U.S. semiconductor firm that designs and manufactures high-performance analog, mixed-signal, and power-management chips for industrial, communications, automotive, and data-center applications, operating under a primarily B2B model. With a strong focus on precision signal conversion and power efficiency in high-value markets, it is recognized as a technology-driven premium supplier in its industry.