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Analog Devices Reports Fiscal First Quarter 2026 Financial Results
benzinga125d ago

Analog Devices Reports Fiscal First Quarter 2026 Financial Results

Revenue of $3.16 billion, with year-over-year growth across all end markets, led by Industrial and CommunicationsOperating cash flow of $5.1 billion and free cash flow of $4.6 billion on a trailing twelve-month basis or 43% and 39% of revenue, respectivelyReturned $1.0 billion to shareholders via dividends and share repurchases in the first quarterRaised quarterly dividend 11% to $1.10, marking twenty-two consecutive years of increasesWILMINGTON, Mass., Feb. 18, 2026 /PRNewswire/ -- Analog Devices, Inc. (NASDAQ:ADI), a global semiconductor leader, today announced financial results for its fiscal first quarter 2026, which ended January 31, 2026. "ADI's robust first quarter built upon the strong position and momentum with which we entered the year," said Vincent Roche, CEO and Chair. "Our success continues to be the result of relentless innovation to solve our customers toughest problems and deliver enduring business impact. Our investments in R&D and the customer experience from design to delivery continue to position us to create outstanding value for shareholders and customers alike." "During our first quarter, bookings growth continued, driven by broad strength in Industrial and record orders for our Data Center segment. While the macro and geopolitical backdrop remains challenging, our revenue outlook for the second quarter reflects a new high watermark for ADI, underscoring our strong execution against cyclical and secular growth tailwinds," said Richard Puccio, CFO. Performance for the First Quarter of Fiscal 2026 Results Summary(1)(in millions, except per-share amounts and percentages)Three Months EndedJan. 31, 2026Feb. 1, 2025ChangeRevenue$ 3,160$ 2,42330 %Gross margin$ 2,045$ 1,43043 %Gross margin percentage64.7 %59.0 %570 bpsOperating income$ 997$ 491103 %Operating margin31.5 %20.3 %1,120 bpsDiluted earnings per share$ 1.69$ 0.78117 %Adjusted Results(2)Adjusted gross margin$ 2,250$ 1,66835 %Adjusted gross margin percentage71.2 %68.8 %240 bpsAdjusted operating income$ 1,438$ 98147 %Adjusted operating margin45.5 %40.5 %500 bpsAdjusted diluted earnings per share$ 2.46$ 1.6351 %Three Months EndedTrailing Twelve MonthsCash GenerationJan. 31, 2026Jan. 31, 2026Net cash provided by operating activities$ 1,369$ 5,054% of revenue43 %43 %Capital expenditures$ (109)$ (494)Free cash flow(2)$ 1,259$ 4,560% of revenue 40 %39 %Three Months EndedTrailing Twelve MonthsCash ReturnJan. 31, 2026Jan. 31, 2026Dividend paid$ (484)$ (1,952)Stock repurchases(516)(2,521)Total cash returned$ (1,000)$ (4,473)(1) The sum and/or computation of the individual amounts may not equal the total due to rounding.(2) Reconciliations of non-GAAP financial measures to their most directly comparable GAAP financial measures are provided in the financial tables included in this press release. See also the "Non-GAAP Financial Information" section for additional information.Outlook for the Second Quarter of Fiscal Year 2026For the second quarter of fiscal 2026, we are forecasting revenue of $3.5 billion, +/- $100 million. At the midpoint of this revenue outlook, we expect reported operating margin of approximately 36.4%, +/-150 bps, and adjusted operating margin of approximately 47.5%, +/-100 bps. We are planning for reported EPS to be $2.19, +/-$0.15, and adjusted EPS to be $2.88, +/-$0.15. Our second quarter fiscal 2026 outlook is based on current expectations and actual results may differ materially as a result of, among other things, the important factors discussed at the end of this release. The statements about our second quarter fiscal 2026 outlook supersede all prior statements regarding our business outlook set forth in prior ADI news releases, and ADI disclaims any obligation to update these forward-looking statements.The adjusted results and adjusted anticipated results above are financial measures presented on a non-GAAP basis. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures are provided in the financial tables included in this release. See also the "Non-GAAP Financial Information" section for additional information.Dividend PaymentThe ADI Board of Directors has declared a quarterly cash dividend of $1.10 per outstanding share of common stock. The dividend will be paid on March 17, 2026 to all shareholders of record at the close of business on March 3, 2026.Conference Call Scheduled for Today, Wednesday, February 18, 2026 at 10:00 am ETADI will host a conference call to discuss our first quarter fiscal 2026 results and short-term outlook today, beginning at 10:00 am ET. Investors may join via webcast, accessible at investor.analog.com.Non-GAAP Financial InformationThis release includes non-GAAP financial measures that are not in accordance with, nor an alternative to, U.S. generally accepted accounting principles (GAAP) and may be different from non-GAAP measures presented by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. These non-GAAP measures have material limitations in that they do not reflect all of the amounts associated with the Company's results of operations as determined in accordance with GAAP and should not be considered in isolation from, or as a substitute for, the Company's financial results presented in accordance with GAAP. The Company's use of non-GAAP measures, and the underlying methodology when including or excluding certain items, is not necessarily an indication of the results of operations that may be expected in the future, or that the Company will not, in fact, record such items in future periods. You are cautioned not to place undue reliance on these non-GAAP measures. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures are provided in the financial tables included in this release.Management uses non-GAAP measures internally to evaluate the Company's operating performance from continuing operations against past periods and to budget and allocate resources in future periods. These non-GAAP measures also assist management in evaluating the Company's core business and trends across different reporting periods on a consistent basis. Management also uses these non-GAAP measures as primary performance measurements when communicating with analysts and investors regarding the Company's earnings results and outlook and believes that the presentation of these non-GAAP measures is useful to investors because it provides investors with the operating results that management uses to manage the Company and enables investors and analysts to evaluate the Company's core business. Management also believes that free cash flow, a non-GAAP liquidity measure, is useful both internally and to investors because it is indicative of the Company's ability to pay dividends, purchase common stock, make investments and fund acquisitions and, in the absence of refinancings, to repay its debt obligations. The non-GAAP financial measures referenced by ADI in this release include: adjusted gross margin, adjusted gross margin percentage, adjusted operating expenses, adjusted operating expenses percentage, adjusted operating income, adjusted operating margin, adjusted nonoperating expense (income), adjusted income before income taxes, adjusted provision for income taxes, adjusted tax rate, adjusted diluted earnings per share (EPS), free cash flow, and free cash flow revenue percentage. Adjusted gross margin is defined as gross margin, determined in accordance with GAAP, excluding: certain acquisition related expenses1, which are described further below. Adjusted gross margin percentage represents adjusted gross margin divided by revenue. Adjusted operating expenses is defined as operating expenses, determined in accordance with GAAP, excluding: certain acquisition related expenses1 and special charges, net2, which are described further below. Adjusted operating expenses percentage represents adjusted operating expenses divided by revenue.Adjusted operating income is defined as operating income, determined in accordance with GAAP, excluding: acquisition related expenses1 and special charges, net2, which are described further below. Adjusted operating margin represents adjusted operating income divided by revenue. Adjusted nonoperating expense (income) is defined as nonoperating expense (income), determined in accordance with GAAP, excluding: certain acquisition related expenses1, which is described further below. Adjusted income before income taxes is defined as income before income taxes, determined in accordance with GAAP, excluding: acquisition related expenses1 and special charges, net2, which are described further below. Adjusted provision for income taxes is defined as provision for income taxes, determined in accordance with GAAP, excluding tax related items3, which are described further below. Adjusted tax rate represents adjusted provision for income taxes divided by adjusted income before income taxes. Adjusted diluted EPS is defined as diluted EPS, determined in accordance with GAAP, excluding: acquisition related expenses1, special charges, net2, and tax related items3, which are described further below.Free cash flow is defined as net cash provided by operating activities, determined in accordance with GAAP, less additions to property, plant and equipment, net. Free cash flow revenue percentage represents free cash flow divided by revenue. 1Acquisition Related Expenses: Expenses incurred as a result of current and prior period acquisitions and primarily include expenses associated with the fair value adjustments to debt, property, plant and equipment and amortization of acquisition related intangibles, which include acquired intangibles such as purchased technology and customer relationships. We excluded these costs from our non-GAAP measures because they relate to specific transactions and are not reflective of our ongoing financial performance.2Special Charges, Net: Expenses, net, incurred in connection with facility closures, consolidation of manufacturing facilities, severance, other accelerated stock-based compensation expense and other cost reduction efforts or reorganizational initiatives. We excluded these expenses from our non-GAAP measures because apart from ongoing expense savings as a result of such items, these expenses have no direct correlation to the operation of our business in the future.3Tax Related Items: Income tax effect of the non-GAAP items discussed above. We excluded the income tax effect of these tax related items from our non-GAAP measures because they are not associated with the tax expense on our current operating results.About Analog Devices, Inc.Analog Devices, Inc. (NASDAQ:ADI) is a global semiconductor leader that bridges the physical and digital worlds to enable breakthroughs at the Intelligent Edge. ADI combines analog, digital, AI, and software technologies into solutions that combat climate change, reliably connect humans and the world, and help drive advancements in automation and robotics, mobility, healthcare, energy and data centers. With revenue of more than $11 billion in FY25, ADI ensures today's innovators stay Ahead of What's Possible. Learn more at www.analog.com and on LinkedIn and X (formerly Twitter).Full story available on Benzinga.com

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Is Jane Street Manipulating Bitcoin? The Viral Theory Explained
newsbtc125d ago

Is Jane Street Manipulating Bitcoin? The Viral Theory Explained

A fresh round of Bitcoin market-manipulation chatter is ricocheting through crypto X after Jane Street added 7,105,206 shares of BlackRock’s spot Bitcoin ETF, IBIT, in Q4 2025, bringing its reported position to 20,315,780 shares. Speculators tie this disclosure to a long-running rumor about a daily “10AM” sell program. Is Jane Street Manipulating The Bitcoin Price? The allegation is simple and sticky: the same sophisticated desk “accumulating” IBIT is also supposedly the desk leaning on BTC and BTC-linked vehicles at a predictable time each morning to create better entry prices. The rebuttal, from market structure veterans, is equally blunt: you’re reading a market maker’s inventory like it’s a directional bet. BullTheory framed the 13F as an accumulation story, writing that Jane Street bought 7,105,206 IBIT shares “worth $276 million” in Q4 2025 and “now holds 20,315,780 IBIT shares worth $790 million,” before adding: “This is the same entity rumoured to be behind the daily ‘10 AM’ manipulation to push Bitcoin prices lower.” Related Reading: Bitcoin Accumulation Notably Weaker Than Nov 2025 Bounce: Glassnode The screenshot circulating alongside the claim shows Jane Street Group LLC listed with a 13F source tag, an options indicator marked “Y,” a position of 20,315,780, and a latest change of 7,105,206, filed 12/31/25. That “Y” is the detail critics keep coming back to because it’s the quickest tell that the position may not be what the headline suggests. BREAKING: Jane Street bought 7,105,206 $IBIT shares worth $276 million in Q4 2025. It now holds 20,315,780 IBIT shares worth $790 million. This is the same entity rumoured to be behind the daily “10 AM” manipulation to push Bitcoin prices lower. pic.twitter.com/NFC5r5hHUn — Bull Theory (@BullTheoryio) February 17, 2026 Milk Road amplified the “10am theory,” calling it “persistent whispers” about “certain institutional trading desks running a very specific/shady playbook... (Jane Street included.).” The account described an alleged routine: “Around 10 AM ET, right at the US stock market open, large sell volumes hit BTC and related ETF shares. This creates panic → triggers liquidations of leveraged longs → and exploits thin liquidity pockets. Then the same firms allegedly buy back at lower prices.” Milk Road added that the pattern “apparently emerged prominently in early Nov 2025,” showed up in Q2 and Q3, and “has continued into early 2026,” while stressing: “To be clear – these are unverified rumors circulating in the community.” Not everyone bought the internal logic even on its own terms. CryptoQuant contributor Darkfost responded with the question many traders would ask first: “In this rumor, when is Jane Street supposed to have bought large amounts of BTC so as not to be selling at a loss right now”. Milk Road replied that the rumor “suggests they’d accumulated in the lead up,” then used existing holdings to “sell/dump prices → buy in size at a lower price,” adding again: “totally unverified.” Market Makers: Inventory Isn’t A Thesis The strongest pushback focused on mechanics, not vibes. Louis LaValle, CEO and co-founder of Frontier Investments, argued the viral framing misreads what a 13F is showing in the first place: “This isn’t correct. You’re misinterpreting the 13F. Jane Street is a lead market maker and Authorized Participant for IBI. They aren’t ‘holding’ as a bet. The ‘Y’ in the options column next to that $5.7B value confirms this is a delta-hedged position.” Related Reading: Bitcoin Whales Flood Binance As Correction Deepens: On-Chain Data Shows LaValle added that the Q4 increase could be operational rather than directional: “They added 7 million shares in Q4 to manage the record volatility and creation/redemption demand. As a market maker, they hold these shares to balance the risk of the options they write. It has nothing to do with conviction or some mysterious price manipulation.” Former hedge fund manager Michael Green struck a similar note, calling the discourse “painful” and pointing to what isn’t visible in the filing: “Jane Street may be taking a position in IBIT, but that position is almost entirely offset by undisclosed options (on IBIT) and futures positions. They are certainly not ‘accumulating’ a position in Bitcoin. That’s how market making works.” Others put it more sharply. Former prop trader Ryan Scott (“Horse”) warned: “Anyone posting this as bullish is committing a capital offense. This should be ‘You’ll never guess who also has offsetting derivative positioning that does not need to be reported’ Jane Street is not longing Bitcoin.” Nik Bhatia boiled it down to incentives: “Jane Street owns IBIT so that it can write options, arbitrage, and everything else a quantitative trading shop does to make fast money.” Overall, the market-maker explanation appears more consistent with how these positions are typically managed, while the “10AM slam” narrative remains, at this stage, just that, a theory circulating on crypto X rather than a verified claim. At press time, BTC traded at $68,107. Featured image created with DALL.E, chart from TradingView.com

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European stocks rise, tracking company earnings, data
punchng125d ago

European stocks rise, tracking company earnings, data

European stocks rise as traders weigh positive company earnings and key economic data. Oil prices tick higher amid US-Iran talks.Read More: https://punchng.com/european-stocks-rise-tracking-company-earnings-data/

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First National Bank of Omaha Acquires New Holdings in Ecolab Inc. $ECL
themarketsdaily125d ago

First National Bank of Omaha Acquires New Holdings in Ecolab Inc. $ECL

First National Bank of Omaha bought a new stake in Ecolab Inc. (NYSE:ECL – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 29,480 shares of the basic materials company’s stock, valued at approximately $8,073,000. A number of [...]

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Northeast Investment Management Has $43.58 Million Stock Holdings in Union Pacific Corporation $UNP
thelincolnianonline125d ago

Northeast Investment Management Has $43.58 Million Stock Holdings in Union Pacific Corporation $UNP

Northeast Investment Management decreased its position in Union Pacific Corporation (NYSE:UNP – Free Report) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 184,381 shares of the railroad operator’s stock after selling 2,544 shares during the period. Union Pacific [...]

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Union Pacific Corporation $UNP Shares Sold by Horrell Capital Management Inc.
tickerreport125d ago

Union Pacific Corporation $UNP Shares Sold by Horrell Capital Management Inc.

Horrell Capital Management Inc. cut its holdings in Union Pacific Corporation (NYSE:UNP – Free Report) by 8.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,575 shares of the railroad operator’s stock after selling 6,466 shares during the period. Union Pacific [...]

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Almaty to Host GITEX AI Central Asia & Caucasus Exhibition in May
astanatimes125d ago

Almaty to Host GITEX AI Central Asia & Caucasus Exhibition in May

The Astana Times provides news and information from Kazakhstan and around the world.ALMATY – GITEX, one of the world’s largest technology exhibitions, will be held in Almaty for the first time on May 4–5, marking the city’s debut as a regional hub for the globally renowned tech brand, reported the city administration’s press service on Feb. 17. The upcoming GITEX AI Central Asia & Caucasus Kazakhstan was...The post Almaty to Host GITEX AI Central Asia & Caucasus Exhibition in May appeared first on The Astana Times.

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Delta Air Lines, Inc. $DAL Shares Sold by Ingalls & Snyder LLC
tickerreport125d ago

Delta Air Lines, Inc. $DAL Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC lessened its holdings in Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 5.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 128,201 shares of the transportation company’s stock after selling 7,852 shares during the quarter. Ingalls & Snyder LLC’s holdings in Delta Air Lines were worth $7,275,000 as [...]

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Gold price surge lifts profits as DRGOLD headline earnings hike by 99%
sundayworld125d ago

Gold price surge lifts profits as DRGOLD headline earnings hike by 99%

Gold producer DRDGOLD reported higher headline earnings for the six months ended December 31. The soaring price of gold assisted in lifting profits and cash generation to R1.9-billion, even as production declined in the first half of the year. Gold production dropped by 9% to 2, 337kg compared to the 2, 564kg production for the [...]The post Gold price surge lifts profits as DRGOLD headline earnings hike by 99% appeared first on Sunday World.

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Milo Crosses $100 Million Crypto Mortgage Milestone, Closes Record $12 Million Transaction
benzinga125d ago

Milo Crosses $100 Million Crypto Mortgage Milestone, Closes Record $12 Million Transaction

Milo continues to lead crypto lending, supporting digital asset holders with flexible financing options for home purchases and beyond.MIAMI, Feb. 18, 2026 /CNW/ -- Milo, a financial technology company and pioneer in crypto lending, today announced it has originated over $100 million in crypto mortgages, representing significant growth in institutional and high net worth adoption of digital asset based financing. The milestone includes the company's largest single transaction to date, a $12 million crypto mortgage. With a perfect ...Full story available on Benzinga.com

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