Analog Devices (ADI) earnings: The $2B AI pivot & the end of the industrial recession

ADI just called the official end of the industrial semiconductor downcycle, but the real surprise was a disclosure that re-rates them as a critical AI infrastructure play.In ~10 minutes:- Revenue beats at $3.16B (+3% QoQ)- Industrial segment returns to growth 📈- Margins hit 71.2% on efficiency + pricing- AI revenue explicitly sized at ~20% 🤖- Automotive falls 8% on tariff unwindsMiro and Susie break down why the "sell the news" reaction ignores the guidance for an 11% sequential jump, the truth about that one-time margin boost, and how "vertical power" is solving the data center heat bottleneck.Company: Analog Devices, Inc. (ADI) | Q1 FY2026AI-assisted production. Feedback/ticker requests: https://x.com/EarnUnscripted.