Analog Devices, Inc. (NASDAQ:ADI) stock gained on Wednesday after the company reported fiscal first-quarter 2026 results.

The company's quarterly revenue increased 30% year-on-year (Y/Y) to $3.16 billion, beating the analyst consensus estimate of $3.12 billion. Adjusted EPS of $2.46 beat the analyst consensus estimate of $2.31.

Analog Devices reported 38% year-over-year growth in Industrial revenue to $1.49 billion.

Automotive revenue rose 8% year over year to $794.4 million.

Consumer revenue increased 27% to $399.81 million.

Communications revenue grew 63% to $476.8 million.

The adjusted gross margin improved by 240 bps to 71.2%.

The adjusted operating margin climbed by 500 bps ...