Diversify Advisory Services LLC grew its stake in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 32.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,660 shares of the semiconductor company’s stock after buying an additional 2,131 shares during the period. Diversify Advisory Services LLC’s holdings in Analog Devices were worth $3,498,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Analog Devices during the second quarter valued at $18,610,868,000. Bank of America Corp DE increased its position in shares of Analog Devices by 5.2% in the 1st quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company’s stock valued at $3,250,341,000 after acquiring an additional 501,604 shares during the period. Van ECK Associates Corp raised its stake in Analog Devices by 24.7% in the 2nd quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock worth $3,345,316,000 after acquiring an additional 1,670,957 shares during the last quarter. Amundi raised its stake in Analog Devices by 5.3% in the 1st quarter. Amundi now owns 5,044,271 shares of the semiconductor company’s stock worth $1,604,771,000 after acquiring an additional 254,632 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in Analog Devices during the 2nd quarter worth about $1,525,167,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Analog Devices In other Analog Devices news, Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $420.04, for a total transaction of $594,776.64. Following the completion of the transaction, the director owned 108,847 shares in the company, valued at approximately $45,720,093.88. This trade represents a 1.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vivek Jain sold 3,305 shares of the business’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $406.58, for a total value of $1,343,746.90. Following the completion of the transaction, the insider directly owned 40,428 shares of the company’s stock, valued at approximately $16,437,216.24. This trade represents a 7.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 52,436 shares of company stock worth $20,014,954 in the last three months. Company insiders own 0.36% of the company’s stock.
Wall Street Analysts Forecast Growth Several analysts have weighed in on the company. TD Cowen boosted their price target on Analog Devices from $460.00 to $475.00 and gave the company a “buy” rating in a research note on Monday. Cantor Fitzgerald reissued an “overweight” rating and issued a $510.00 price objective (up from $400.00) on shares of Analog Devices in a report on Tuesday, September 8th. Wells Fargo & Company reduced their price objective on Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a research note on Thursday, August 20th. JPMorgan Chase & Co. raised their price objective on Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Finally, Seaport Research Partners raised Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 target price for the company in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $460.55. Read Our Latest Research Report on ADI
More Analog Devices News Here are the key news stories impacting Analog Devices this week:
Positive Sentiment: TD Cowen raised its price target for Analog Devices (ADI) to $475 from $460 and maintained a “buy” rating, indicating continued confidence in the semiconductor company’s earnings outlook. Analog Devices price target raised Neutral Sentiment: Analog Devices announced that it will release fourth-quarter fiscal 2026 results before the market opens on November 24. The scheduled report could become the next major catalyst as investors assess demand, margins and forward guidance. Analog Devices fourth-quarter earnings announcement Neutral Sentiment: Reports indicated that 39 exchange-traded funds added ADI holdings on October 20, suggesting ongoing passive or institutional demand, although the reports did not provide enough detail to assess the purchases’ significance. ETF purchases of Analog Devices Negative Sentiment: CFO Richard Puccio sold 1,500 shares for approximately $584,000. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his holdings by 3.02%, limiting its significance but still creating a modest negative headline. Analog Devices CFO stock sale Negative Sentiment: ADI advised shareholders to reject an unsolicited $525-per-share mini-tender offer from Tutanota LLC, warning that the offer is limited in size and subject to conditions. The unusual proposal may add uncertainty even though it is priced above recent trading levels. Analog Devices mini-tender offer Analog Devices Stock Down 5.0% NASDAQ:ADI opened at $385.76 on Friday. The firm has a market capitalization of $186.93 billion, a P/E ratio of 36.05, a PEG ratio of 1.25 and a beta of 1.22. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91. The company’s fifty day moving average price is $383.72 and its 200-day moving average price is $389.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91.
Analog Devices (NASDAQ:ADI – Get Free Report) last issued its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.11. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm’s revenue was up 39.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 13.00 EPS for the current year.
Analog Devices Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is currently 52.19%.
About Analog Devices (Free Report)
Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.
The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.
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Analog Devices doporučuje akcionářům odmítnout nabídku společnosti Tutanota na odkup až 100 000 akcií ADI za 525 USD za akcii, která je podmíněna vyšší tržní cenou a zajištěním financování.
, /PRNewswire/ -- Analog Devices, Inc. (NASDAQ: ADI) today announced that it has received notice of an unsolicited mini-tender offer by Tutanota LLC ("Tutanota") to purchase up to 100,000 shares of ADI common stock at a price of $525.00 per share in cash. The offer price of $525.00 per share is conditioned on, among other things, the closing price per share of ADI common stock exceeding $525.00 per share on the last trading day before the offer expires. Although the offer price is currently above the market price of ADI common stock, this condition means that, unless it is waived by Tutanota, tendering ADI shareholders whose shares are purchased in the offer would receive a price below the market price of ADI common stock at the time the offer closes. If the condition is not satisfied, Tutanota is not obligated to purchase any shares. The shares subject to Tutanota's offer represent less than 0.03% of ADI's shares of common stock outstanding as of the October 12, 2026 offer date.
ADI recommends that shareholders do not tender their shares in response to Tutanota's offer because the offer requires that the closing stock price for ADI's common stock exceed the offer price, and it is subject to numerous additional conditions, including Tutanota obtaining financing for the offer, which Tutanota indicates it does not currently have. There is no guarantee the conditions of the offer will be satisfied. Under the terms of the offer, Tutanota can extend the offer and delay payment beyond the expiration date of the offer, currently scheduled for 5:00 p.m., New York City time, on Monday, November 16, 2026. The offer states that Tutanota expects to extend the offer for successive periods of 45 to 180 days until ADI's stock price exceeds $525.00 per share, during which time shareholders who have tendered may be unable to sell their tendered shares unless they withdraw them. Per the terms of the offer, shareholders who tender (or have already tendered) their shares can withdraw them prior to the expiration of the offer.
ADI does not endorse Tutanota's unsolicited mini-tender offer and is not affiliated or associated in any way with Tutanota, its mini-tender offer, or its offer documentation.
Tutanota has made similar mini-tender offers for shares of other publicly traded companies. A mini-tender offer is an offer that would result in the bidder holding not more than 5 percent of a company's outstanding shares, thereby avoiding many disclosure and procedural requirements of the U.S. Securities and Exchange Commission ("SEC") that apply to offers for more than 5 percent of a company's outstanding shares. As a result, mini-tender offers do not provide investors with the same level of protections as provided for larger tender offers under U.S. securities laws.
The SEC has cautioned investors that some bidders making mini-tender offers at below-market prices are "hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price." More on the SEC's guidance to investors on mini-tender offers is available at SEC.gov | Mini-Tender Offers: Tips for Investors.
ADI urges investors to obtain current market quotations for their shares, to consult with their broker or financial advisor and to exercise caution with respect to Tutanota's offer. ADI recommends that shareholders who have not responded to Tutanota's offer take no action. Shareholders who have already tendered their shares may withdraw them at any time prior to the expiration of the offer, in accordance with Tutanota's offer documentation. Tutanota may extend the offering period at its discretion.
ADI encourages brokers and dealers, as well as other market participants, to review the SEC's letter regarding broker-dealer mini-tender offer dissemination and disclosure at Letter to SIA re: Broker-Dealer Mini-Tender Offer Dissemination and Disclosures and the NASD Notice to Members 99-53 issued in July 1999 regarding guidance to members forwarding mini-tender offers to their customers, which can be found at https://www.finra.org/sites/default/files/NoticeDocument/p004221.pdf.
ADI requests that a copy of this news release be included with all distributions of materials relating to Tutanota's mini-tender offer related to shares of ADI common stock.
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.
CONTACT:
Jeff Ambrosi
Senior Director, Investor Relations
Analog Devices
[email protected]
(781) 461-3282
Ferda Millan
Global PR and External Communications
Analog Devices
[email protected]
(408) 373-1854
Robertson Stephens Wealth Management ve třetím čtvrtletí zvýšila svůj podíl ve společnosti Analog Devices o 71 % na 4 613 akcií v hodnotě 1,83 milionu USD.
Robertson Stephens Wealth Management LLC increased its holdings in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 71.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,613 shares of the semiconductor company’s stock after purchasing an additional 1,916 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Analog Devices were worth $1,830,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Analog Devices in the second quarter worth about $18,610,868,000. Bank of America Corp DE bought a new stake in shares of Analog Devices in the 2nd quarter valued at about $3,573,081,000. Legal & General Group Plc bought a new stake in shares of Analog Devices in the 2nd quarter valued at about $1,525,167,000. Bank of New York Mellon Corp bought a new stake in shares of Analog Devices in the 2nd quarter valued at about $1,326,066,000. Finally, Primecap Management Co. CA purchased a new stake in Analog Devices during the 2nd quarter valued at about $1,242,479,000. 86.81% of the stock is owned by institutional investors.
Analyst Ratings Changes Several equities analysts recently issued reports on the company. Piper Sandler set a $460.00 price target on Analog Devices in a research report on Tuesday, September 8th. Arete Research lifted their price target on Analog Devices from $487.00 to $490.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Needham & Company LLC boosted their price objective on Analog Devices from $440.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Morgan Stanley boosted their price objective on Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Finally, Sanford C. Bernstein raised Analog Devices from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $430.00 to $465.00 in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $460.09.
Get Our Latest Stock Analysis on Analog Devices Analog Devices Price Performance Shares of NASDAQ:ADI opened at $395.44 on Monday. The stock’s 50-day moving average is $382.76 and its 200 day moving average is $387.11. The company has a market cap of $191.62 billion, a PE ratio of 46.91, a P/E/G ratio of 1.22 and a beta of 1.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. Analog Devices, Inc. has a 1 year low of $223.47 and a 1 year high of $445.91.
Analog Devices (NASDAQ:ADI – Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter last year, the business posted $2.05 EPS. The business’s revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Sell-side analysts anticipate that Analog Devices, Inc. will post 12.99 EPS for the current year.
Analog Devices Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, September 1st. Analog Devices’s dividend payout ratio is currently 52.19%.
Insider Activity at Analog Devices In related news, CFO Richard C. Puccio, Jr. sold 2,683 shares of Analog Devices stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total value of $1,004,944.48. Following the sale, the chief financial officer owned 54,177 shares in the company, valued at $20,292,537.12. The trade was a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vivek Jain sold 3,305 shares of the business’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the transaction, the insider directly owned 40,428 shares in the company, valued at approximately $16,437,216.24. The trade was a 7.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 50,936 shares of company stock worth $19,430,764 over the last quarter. 0.36% of the stock is owned by corporate insiders.
About Analog Devices (Free Report)
Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.
The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.
Read More Five stocks we like better than Analog Devices These 3 Green Stocks Have a Growth Story That Goes Far Beyond Washington Meta Claims Frontier-Class AI Status With New Muse Wonder Models Berkshire Just Backed This Little-Known Stock—Should You Chase It? Broadcom’s CEO Sees Years of AI Demand But Warns of a Bigger Threat to the Boom Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI – Free Report).
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Akcie společnosti Analog Devices během poslední seance vzrostly o 2,08 % na 414,70 USD. Trh očekává čtvrtletní EPS ve výši 3,84 USD a tržby 4,31 mld. USD, což představuje meziroční růst o 69,91 %, resp. 39,96 %.
In the latest close session, Analog Devices (ADI - Free Report) was up +2.08% at $414.70. The stock exceeded the S&P 500, which registered a loss of 0.02% for the day. Elsewhere, the Dow saw a downswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.15%.
Prior to today's trading, shares of the semiconductor maker had gained 12.53% outpaced the Computer and Technology sector's gain of 3.58% and the S&P 500's gain of 2.05%.
Market participants will be closely following the financial results of Analog Devices in its upcoming release. It is anticipated that the company will report an EPS of $3.84, marking a 69.91% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.31 billion, up 39.96% from the year-ago period.
ADI's full-year Zacks Consensus Estimates are calling for earnings of $12.96 per share and revenue of $15.11 billion. These results would represent year-over-year changes of +66.37% and +37.12%, respectively.
It is also important to note the recent changes to analyst estimates for Analog Devices. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Analog Devices is holding a Zacks Rank of #1 (Strong Buy) right now.
From a valuation perspective, Analog Devices is currently exchanging hands at a Forward P/E ratio of 31.36. Its industry sports an average Forward P/E of 36.41, so one might conclude that Analog Devices is trading at a discount comparatively.
We can also see that ADI currently has a PEG ratio of 1.25. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. ADI's industry had an average PEG ratio of 0.69 as of yesterday's close.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 22, which puts it in the top 9% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Provozní a technologický ředitel společnosti Analog Devices Vivek Jain prodal 5 305 akcií za zhruba 2,16 milionu USD, což představuje 11,6 % jeho držby akcií před transakcí.
What happened Analog Devices Inc (NASDAQ: ADI) Chief Operations/Tech Officer Vivek Jain sold 5,305 shares on 2026-10-07 and 2026-10-08, according to the Form 4. The shares sold for $406.58 to $409.79 each, or about $2.16 million in total. The filing splits the trade into 2,000 shares on 2026-10-07 at $409.788 and 3,305.062 shares on 2026-10-08 at $406.585.
The filing also shows 43,733.48 shares after the first sale and 40,428.418 shares after the second. Together, the two trades reduced the reported holding by 5,305.062 shares. That is about 11.6% of the pre-trade holding, based on the filing's figures.
Key numbers Metric Latest Change Source Shares sold 5,305 shares SEC Form 4 Sale value about $2.16 million SEC Form 4 Sale price range $406.58 to $409.79 per share SEC Form 4 Shares held after sale 40,428.418 shares SEC Form 4 Sale as share of pre-trade holding 11.6% Calculated from SEC Form 4 Read more: Analog Devices (ADI) stock analysis and investment case Why it matters OptimistFi's case is that Analog Devices turns engineering-differentiated analog and mixed-signal chips into durable cash flow, then converts that advantage into shareholder returns. Jain's sale weakens that case a little because it trims one officer's stake. The 5,305-share sale is meaningful, but it is still only a partial reduction. Jain still reported 40,428.418 shares after the second trade, so the filing shows a reduced but continuing position.
The 11.6% figure comes from 5,305 shares sold against 45,733 shares before the first trade. That ratio is the cleanest way to size the move. The two sale dates were back to back, which makes the change easier to compare with later filings. So the Form 4 reads as a trim in ownership, not a reset in strategy.
That matters because the report is about stake size, not operating performance. For investors, the sale is mainly a new insider data point, and it trims the insider alignment story a bit.
Related: Analog Devices' Alif Deal Includes Up to $200 Million Extra
What's next Analog Devices Inc's next quarterly report is the next dated update investors can use to check whether Jain's stake moves again. A steadier holding would make this look like a one-time trim, while another reduction would deepen the negative read. The next filing will be easiest to compare if the share count stays near this level.
More from OptimistFi ADI stock: the Analog Devices thesis, its status and the next test to watch Levi Strauss & Co. (NYSE: LEVI) Raises Profit as Wholesale Outruns DTC Park Aerospace Corp. (NYSE: PKE) Expands Profit as Sales Rise Helen of Troy Limited (NASDAQ: HELE) Lifts Profit as Cash Flow Rebounds Stock research on every company OptimistFi covers Latest stock research and investment-case updates OptimistFi: evidence-first equity research Sources SEC Form 4 — Vivek Jain reported sales of Analog Devices Inc common stock on 2026-10-07 and 2026-10-08. Calculated from SEC Form 4 — 5,305 shares were about 11.6% of the pre-trade holding. Read the full OptimistFi thesis on Analog Devices Inc: https://optimistfi.com/stocks/ADI
See what would break the Analog Devices Inc thesis and track it live on the OptimistFi Thesis-Break Engine.
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The full Analog Devices Inc investment case, its status and the next test to watch live on the Analog Devices Inc thesis page.
Originally published on OptimistFi, evidence-first equity research. More at optimistfi.com.
Vivek Jain, osoba zasvěcená do dění ve společnosti, prodal ve třech říjnových transakcích akcie společnosti Analog Devices za zhruba 3,0 milionu USD; po prodeji držel 43 733 akcií.
Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) insider Vivek Jain sold 2,000 shares of the company’s stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $409.79, for a total value of $819,580.00. Following the transaction, the insider directly owned 43,733 shares in the company, valued at $17,921,346.07. This represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Vivek Jain also recently made the following trade(s):
On Thursday, October 8th, Vivek Jain sold 3,305 shares of Analog Devices stock. The shares were sold at an average price of $406.58, for a total value of $1,343,746.90. On Friday, October 2nd, Vivek Jain sold 2,000 shares of Analog Devices stock. The stock was sold at an average price of $416.98, for a total value of $833,960.00. Analog Devices Price Performance Shares of NASDAQ ADI opened at $406.19 on Friday. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The company has a market cap of $196.83 billion, a PE ratio of 48.18, a P/E/G ratio of 1.25 and a beta of 1.22. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The business has a 50-day simple moving average of $380.02 and a two-hundred day simple moving average of $383.39.
Analog Devices (NASDAQ:ADI – Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the firm earned $2.05 earnings per share. The company’s revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, equities analysts expect that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year. Analog Devices Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a $1.10 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Analog Devices’s dividend payout ratio (DPR) is 52.19%.
Institutional Inflows and Outflows A number of hedge funds have recently modified their holdings of ADI. HF Advisory Group LLC increased its position in Analog Devices by 48.8% during the third quarter. HF Advisory Group LLC now owns 7,703 shares of the semiconductor company’s stock worth $3,056,000 after buying an additional 2,527 shares in the last quarter. RFG Bristol Wealth Advisors LLC raised its holdings in shares of Analog Devices by 233.7% in the third quarter. RFG Bristol Wealth Advisors LLC now owns 3,354 shares of the semiconductor company’s stock worth $1,331,000 after acquiring an additional 2,349 shares during the last quarter. Balefire LLC raised its holdings in shares of Analog Devices by 13.1% in the third quarter. Balefire LLC now owns 762 shares of the semiconductor company’s stock worth $302,000 after acquiring an additional 88 shares during the last quarter. Avity Investment Management Inc. acquired a new position in shares of Analog Devices in the third quarter worth $2,660,000. Finally, Riversedge Advisors LLC lifted its holdings in Analog Devices by 102.9% in the 3rd quarter. Riversedge Advisors LLC now owns 1,339 shares of the semiconductor company’s stock valued at $531,000 after purchasing an additional 679 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes Several research firms have weighed in on ADI. Wells Fargo & Company dropped their target price on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a research report on Thursday, August 20th. JPMorgan Chase & Co. raised their price target on shares of Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Piper Sandler set a $460.00 price target on shares of Analog Devices in a report on Tuesday, September 8th. Seaport Research Partners upgraded shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price objective for the company in a research note on Thursday, August 20th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $510.00 price objective (up from $400.00) on shares of Analog Devices in a report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Analog Devices currently has an average rating of “Moderate Buy” and an average price target of $460.09.
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Key Stories Impacting Analog Devices Here are the key news stories impacting Analog Devices this week:
Positive Sentiment: Analyst outlook remains constructive. TD Cowen maintained a Buy rating and a $460 price target, above ADI’s recent trading level. Wall Street’s broader consensus remains “Moderate Buy,” with an average target near $460. TD Cowen keeps $460 target for Analog Devices Positive Sentiment: ADI is expanding its communications technology footprint. India-based Lekha Wireless plans to integrate Analog Devices radio technology into 4G and 5G products. The agreement is unlikely to materially change near-term earnings, but it reinforces ADI’s exposure to communications infrastructure and 5G demand. Lekha Wireless to integrate Analog Devices technology Neutral Sentiment: Reported short interest was zero. The October 9 report lists no shares sold short and a 0.0-day short-interest ratio. This could remove a source of bearish pressure, although the unusual figure may reflect a reporting or data issue rather than a meaningful change in investor positioning. Neutral Sentiment: Strong fundamentals are balanced by a demanding valuation. ADI’s latest quarter exceeded earnings and revenue expectations, with revenue increasing 39.2% year over year. The stock trades at roughly 48 times earnings, leaving it vulnerable to profit-taking if growth or AI-related semiconductor demand disappoints. Negative Sentiment: Several insiders have sold shares. Director Ray Stata sold 1,416 shares for approximately $594,777, CFO Richard Puccio sold 1,500 shares for about $631,620, and Vivek Jain sold a combined 5,305 shares worth roughly $2.16 million. The transactions were made under pre-arranged Rule 10b5-1 plans and do not necessarily indicate weakening business prospects, but the cluster of sales may weigh on sentiment. Analog Devices insider buying and selling About Analog Devices (Get Free Report)
Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that develops technologies for converting, conditioning and processing real-world signals. Its products connect the physical and digital worlds by helping electronic systems sense, measure, interpret and control information such as temperature, pressure, motion, sound and electrical current.
The company’s product portfolio includes analog and mixed-signal integrated circuits, power management solutions, radio-frequency and microwave devices, data converters, amplifiers, sensors, microcontrollers, embedded processors and connectivity products.
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Analog Devices čeká, že datacentrové tržby do roku 2029 vzrostou na 26,7 % celkových tržeb. Pětiletý průměr růstu tržeb má být 15 % a čistá marže 30,7 %.
SummaryAnalog Devices' data center revenue, now 80% of Communications, is forecast to reach 26.7% of total revenue by 2029, with a 3-year forward average segment growth of 42.9%.Industrial growth remains strong, supported by Instrumentation & Measurement (notably ATE) and Aerospace & Defense, with a 3-year forward average of 13% from 2027 to 2029.Automotive and Consumer segments face headwinds, but ADI's 5-year forward average revenue growth is revised up to 15% and net margin to 30.7%. Sundry Photography/iStock Editorial via Getty Images
By Anthony Goh, Senior Investment Research Analyst @ Khaveen Investments
In our previous analysis of Analog Devices (ADI), we believed the company had the strongest growth outlook among the top DAO
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of ADI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Khaveen Investments is registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC). Registration with the U.S. SEC does not imply a certain level of skill or training. No information in this publication is intended as investment, tax, accounting, or legal advice, or as an offer/solicitation to sell or buy. Material provided in this publication is for educational purposes only and was prepared from sources and data believed to be reliable, but we do not guarantee its accuracy or completeness.
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Analog Devices čeká dvojciferný růst až do fiskálního roku 2027 díky datovým centrům a oživení průmyslu. CFO uvedl, že růst táhnou i aerospace, obrana a automatizované testovací zařízení.
Analog Devices Shows Why AI Is Not the Only Story Driving Chip DemandAnalog Devices NASDAQ: ADI Chief Financial Officer Rich Puccio said the company expects demand strength across its portfolio to support double-digit growth into fiscal 2027, citing broad-based recovery in industrial markets alongside continued momentum in data centers, aerospace and defense, and automated test equipment.
Speaking with JPMorgan analyst Harlan Sur at the firm’s 2026 U.S. All Stars Conference in London, Puccio said the company’s growth has expanded beyond the early-cycle strength it saw in certain specialized businesses. He said Analog Devices is now seeing growth “across pretty much all of the end markets” and geographies.
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Analog Devices’ AI Pivot Could Push Shares to Fresh HighsPuccio said aerospace and defense, automated test equipment, and data centers account for roughly 30% of the company’s business and have been growing at high rates. At the same time, a broader industrial recovery, including factory automation, has added to the company’s growth trajectory.
Demand Outlook and Inventory Puccio declined to provide a mid-quarter bookings update or formal guidance for the January quarter, but said Analog Devices expects to perform better than its normal seasonal pattern. The company’s first fiscal quarter is typically down in the mid-single digits sequentially, he said, but current conditions suggest it can deliver an “above-seasonal” quarter.
3 AI Stocks With Moats That Could Outlast Summer VolatilityThe CFO said the company is receiving orders further into the future than it had six months ago, improving visibility into the second quarter. That added visibility is useful because Analog Devices begins wafer production about six months before product delivery, he said.
Analog Devices has been deliberately rebuilding inventory on its balance sheet and supplying additional inventory to distribution channels. However, Puccio said accelerating sell-through is offsetting those efforts. He expects gross inventory to rise in the fourth quarter while inventory days remain flat, and expects channel inventory to stay slightly below the company’s target of six to seven weeks.
He characterized the demand environment as uneven across product lines. In data centers, aerospace and defense, and automated test equipment, Analog Devices is already shipping at or above historical consumption levels, according to Puccio. Other businesses remain below those levels, however. More than half of the company’s industrial subsegments remain double digits below the consumption line, he said.
Puccio added that the company has not yet seen a broad customer inventory-replenishment cycle. Instead, he said demand in the faster-growing segments reflects visible end-market requirements rather than customers building excess stock.
Data Center, Defense and Test Equipment Growth Analog Devices’ aerospace and defense business was nearing a $2 billion annualized revenue run rate as of the fiscal third-quarter exit rate, up from approximately $1 billion a year earlier, Puccio said. The business includes government contracts and commercial products used in satellites, drones and missile-defense systems.
Puccio said the company believes its aerospace and defense franchise can grow at a double-digit rate for the next decade, supported by defense-spending trends and Analog Devices’ portfolio of mixed-signal, RF and related technologies.
Its automated test equipment business was operating at an annualized revenue run rate of about $1 billion exiting the third quarter. Puccio said higher-bandwidth memory and high-performance computing are increasing the complexity of semiconductor testers, driving more Analog Devices content per system.
The company’s data center business is running at about $2 billion annually, split roughly equally between power and optical products, he said. The business has been growing about 100% year over year, according to Sur.
Puccio said Analog Devices is expanding its power offerings from the electric grid to the chip, including power management, conversion and delivery. He highlighted the company’s Empower acquisition as a way to participate in vertical power delivery near processors. The company estimates that its technology could reduce power loss by more than 15% in certain data center applications, he said.
In optical networking, Puccio said Analog Devices supplies optical control systems, including products used to control lasers. The company is shipping 1.6-terabit solutions and sees future opportunities as data center networking speeds advance.
Design Wins, Acquisitions and Margins Puccio said Analog Devices is on track in fiscal 2026 to exceed the design-win growth it achieved in fiscal 2025, with particularly strong momentum in data centers and aerospace and defense. He said design wins are an important indicator of the company’s opportunities over the next three to five years.
He also discussed Analog Devices’ pending acquisition of Alif Semiconductor, which supplies low-power microcontroller and compute products designed for artificial intelligence edge applications. Puccio said the transaction will accelerate Analog Devices’ ability to offer integrated systems that sense, compute and act at the physical edge, including in robotics and other applications where lower latency, power use and data transfer can be important.
The deal had not closed at the time of the conference, and Puccio said it is not expected to be material to revenue or costs in the near term. He said the business is more likely to ramp beginning around 2028.
On pricing, Puccio said Analog Devices has implemented two price increases, including one largely directed at distribution channels and a more recent increase applied broadly to customers. He said the actions are intended to recover sustained inflation in areas such as wafers, assembly and transportation, rather than expand margins. The company has no additional pricing actions currently planned.
Puccio said Analog Devices guided for a record gross margin in the fourth quarter. He identified a greater industrial revenue mix, stronger fixed-cost absorption from revenue growth and potential future pricing actions as factors that could support margins. He also reaffirmed the company’s long-term free-cash-flow margin model of 34% to 40% of revenue.
About Analog Devices (NASDAQ:ADI)Analog Devices, Inc NASDAQ: ADI is a global semiconductor company that designs and manufactures high-performance analog, mixed-signal, power-management and radio-frequency integrated circuits. Its technologies help convert real-world signals—such as temperature, pressure, sound, motion and light—into data that electronic systems can process and use.
The company offers data converters, amplifiers, power-management products, sensors, embedded processors, connectivity solutions and other semiconductor components.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Analog Devices za poslední měsíc klesl o 2,1 %, přesto ve 3. fiskálním čtvrtletí překonal odhady: EPS byl 3,45 USD a výnosy 4,02 miliardy USD. Ve 4. fiskálním čtvrtletí očekává výnosy kolem 4,3 miliardy USD (+/- 100 milionů).
It has been about a month since the last earnings report for Analog Devices (ADI - Free Report) . Shares have lost about 2.1% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Analog Devices due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important catalysts.
Analog Devices Q3 Earnings Beat Estimates, Revenues Rise Y/YAnalog Devices reported third-quarter fiscal 2026 non-GAAP earnings of $3.45 per share, which beat the Zacks Consensus Estimate by 3.6%. The company reported earnings of $2.05 per share in the year-ago period.
Analog Devices’ third-quarter fiscal 2026 revenues of $4.02 billion surpassed the Zacks Consensus Estimate by 2.5%. The top line increased 40% from the year-ago quarter’s revenues of $2.88 billion.
Analog Devices’ Q3 DetailsIndustrial: Revenues from this segment were $1.97 billion, representing 49% of total revenues and reflecting 53% year-over-year growth.
Automotive: Revenues reached $998.2 million (or 25% of total revenue), up 16% year over year.
Communications: Revenues came in at $654.5 million, accounting for 16% of total revenues and rising 84% year over year.
Consumer: The segment generated $397.2 million (or 10% of revenues), marking a 6% increase compared with the same quarter last year.
The adjusted gross margin expanded 330 basis points to 72.5%, while the adjusted operating margin was 50%, up 780 basis points year over year.
ADI’s Balance Sheet and Cash FlowsAs of Aug. 1, 2026, cash and cash equivalents were approximately $2.17 billion, down from $2.44 billion as of May 2, 2026. The company also held $159.1 million in short-term investments during the third quarter.
Long-term debt was $6.77 billion compared with $7.24 billion at the end of the previous quarter.
Analog Devices generated $1.6 billion in operating cash flow and $1.46 billion in free cash flow during the third quarter of fiscal 2026.
In the fiscal third quarter, the company returned $1.7 billion to shareholders, comprising $535 million in dividends and $1.16 billion in share repurchases.
ADI Initiates Q4 FY26 GuidanceFor the fourth quarter of fiscal 2026, management expects revenues to be $4.3 billion (+/- $100 million).
The company projects a reported operating margin of approximately 42.6% (+/-150 bps) and an adjusted operating margin of about 52% (+/-100 bps).
Reported earnings are anticipated to be $3.14 (+/-$0.15) per share, while adjusted earnings are expected to be $3.86 (+/-$0.15) per share.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in fresh estimates.
The consensus estimate has shifted 11.74% due to these changes.
VGM ScoresCurrently, Analog Devices has a average Growth Score of C, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock has a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Analog Devices has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Průmyslové výnosy Analog Devices ve 3. čtvrtletí fiskálního roku 2026 vzrostly meziročně o 53 % na 1,97 miliardy USD a tvořily 49 % celkových tržeb. Společnost očekává v příštím čtvrtletí vysoký jednociferný sekvenční růst.
Key Takeaways Analog Devices' Industrial revenues rose 53% year over year to $1.97 billion in fiscal Q3 2026.ATE and aerospace and defense lead growth, while automation offers a longer-duration opportunity.ADI expects Industrial revenues to rise at a high-single-digit sequential rate in the upcoming quarter. Analog Devices’ (ADI - Free Report) Industrial segment remains a key driver of the company’s broad-based recovery, supported by cyclical normalization and long-term demand for automation, semiconductor testing, aerospace and defense, energy systems and digital factories. Industrial revenues reached $1.97 billion in third-quarter fiscal 2026, which increased 53% year over year and 10% sequentially, representing 49% of total company revenues.
Analog Devices’ industrial segment’s growth was also supported by Automation, which is benefiting from factory modernization, robotics and reshoring, while energy demand is supported by grid modernization and electrification. Furthermore, ADI’s portfolio of sensing, signal-chain, power and connectivity technologies positions the company to benefit from the transition toward digital factories and increasingly automated production environments.
ADI’s ATE and aerospace and defense are its key secular growth drivers, while much of the broader Industrial business remains below historical consumption levels and customers have yet to materially rebuild inventories. This suggests that the segment’s recovery has both cyclical and structural components. ADI expects its Industrial revenues to increase at a high-single-digit sequential rate in the upcoming quarter.
Automation also presents a long-term opportunity as factories and next-generation robots require greater levels of sensing, motion control, power management and connectivity. However, competition in high-performance analog remains intense, with large semiconductor companies such as Texas Instruments competing across multiple analog categories.
How Competitors Fare Against ADIAnalog Devices competes with Texas Instruments (TXN - Free Report) and STMicroelectronics (STM - Free Report) in the Industrial segment. Texas Instruments competes with Analog Devices in industrial signal chains, precision sensing and power management, especially in PLCs, factory automation and motor control. STMicroelectronics competes in industrial MCUs, motor drivers, sensors and automation systems.
In the robotics space, STMicroelectronics provides sensors, motor control ICs and power management for cobots, AMRs and humanoid robots. In automation, Texas Instruments provides low-power precision analog and sensing for medical imaging, patient monitoring and diagnostics.
Both STMicroelectronics and Texas Instruments compete with ADI in the aerospace and defense business through their radiation-hardened analog and mixed-signal ICs, secure communications and avionics systems.
ADI’s Price Performance, Valuation and EstimatesShares of ADI have gained 33.5% year to date compared with the Semiconductor - Analog and Mixed industry’s growth of 28.2%.
ADI YTD Performance Chart
Image Source: Zacks Investment Research
From a valuation standpoint, ADI trades at a forward price-to-sales ratio of 9.71X, higher than the industry’s average of 7.51X.
ADI Forward 12-Month (P/S) Valuation Chart
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for ADI’s fiscal 2026 earnings implies year-over-year growth of 66.4%. The consensus estimate for fiscal 2026 has been revised upward by in the past 30 days.
Image Source: Zacks Investment Research
ADI currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Bank of America Corp DE ve druhém čtvrtletí nakoupila nový podíl v Analog Devices za zhruba 3,573 miliardy USD a drží 1,85 % firmy. Analytici mají na ADI konsenzusní doporučení „Buy“.
Bank of America Corp DE acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,996,351 shares of the semiconductor company’s stock, valued at approximately $3,573,081,000. Bank of America Corp DE owned 1.85% of Analog Devices as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new stake in shares of Analog Devices during the 2nd quarter valued at approximately $25,000. Manning & Napier Advisors LLC purchased a new position in Analog Devices in the 2nd quarter valued at approximately $25,000. Dunhill Financial LLC purchased a new position in Analog Devices in the 2nd quarter valued at approximately $32,000. Quantbot Technologies LP acquired a new position in Analog Devices during the second quarter worth $33,000. Finally, Banque Transatlantique SA acquired a new position in Analog Devices during the fourth quarter worth $25,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.
Wall Street Analyst Weigh In Several analysts have weighed in on the company. Stifel Nicolaus upped their target price on Analog Devices from $450.00 to $498.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Morgan Stanley increased their price objective on shares of Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. Fundamental Research set a $550.00 target price on shares of Analog Devices in a report on Monday, June 29th. Weiss Ratings upgraded shares of Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Finally, Wall Street Zen raised shares of Analog Devices from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $457.97.
Get Our Latest Stock Report on Analog Devices Insiders Place Their Bets In other Analog Devices news, CFO Richard C. Puccio, Jr. sold 2,683 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total value of $1,004,944.48. Following the sale, the chief financial officer directly owned 54,177 shares of the company’s stock, valued at approximately $20,292,537.12. This trade represents a 4.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $362.85, for a total value of $513,795.60. Following the completion of the sale, the director owned 111,679 shares of the company’s stock, valued at $40,522,725.15. This trade represents a 1.25% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 40,431 shares of company stock valued at $14,987,547. Insiders own 0.36% of the company’s stock.
Analog Devices Trading Down 4.7% Shares of ADI stock opened at $361.02 on Tuesday. The firm has a 50-day moving average price of $374.58 and a 200 day moving average price of $374.84. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91. The company has a market capitalization of $174.94 billion, a price-to-earnings ratio of 42.83, a PEG ratio of 1.17 and a beta of 1.20. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20.
Analog Devices (NASDAQ:ADI – Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.11. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period last year, the company earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Research analysts forecast that Analog Devices, Inc. will post 12.96 earnings per share for the current fiscal year.
Analog Devices Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 1st. Analog Devices’s payout ratio is presently 52.19%.
About Analog Devices (Free Report)
Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures high-performance analog, mixed-signal, power-management and radio-frequency integrated circuits. Its technologies help convert real-world signals—such as temperature, pressure, sound, motion and light—into data that electronic systems can process and use.
The company offers data converters, amplifiers, power-management products, sensors, embedded processors, connectivity solutions and other semiconductor components.
Further Reading Five stocks we like better than Analog Devices Analysts Are Punting Their Calls Into the Next Quarter After Adobe’s Mixed Earnings Institutional Money Is Pouring Into These 2 Altcoin ETFs The End of Big Tech Buybacks? Only One Hyperscaler Is Still Repurchasing Shares 3 Dividend Kings to Buy While They’re Still Beaten Down Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI – Free Report).
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Tržby Analog Devices v segmentu Communications ve fiskálním 3. čtvrtletí 2026 meziročně vzrostly o 84 % na 655 mil. USD. Tahounem byl Data Center, kde tržby stouply o více než 100 % díky poptávce po AI infrastruktuře.
Key Takeaways Analog Devices' Communications revenues rose 84% year over year to $655 million in fiscal Q3. Data Center sales more than doubled, driven by rising optical and power demand in AI infrastructure.ADI expects optical circuit switching revenues to roughly double in fiscal 2026 and grow similarly in 2027.
Analog Devices’ (ADI - Free Report) Communications end market is gaining from the massive growth of AI data center infrastructure. In fiscal third-quarter 2026, Communications revenues reached $655 million, up 18% sequentially and 84% year over year. The segment accounted for approximately 16% of ADI’s total quarterly revenues.
The key growth engine is Data Center, which now represents 80% of ADI’s Communications revenue. Data Center sales grew more than 100% year over year in both optical and power, highlighting the increasing analog content required as AI systems become more power- and information-intensive. Wireless also contributed, with revenues increasing more than 25% year over year on cyclical recovery.
ADI’s optical portfolio is benefiting from the transition toward higher-speed networking. Customers are seeking to increase optical lanes and bandwidth as networks move from 800 gigabits toward 3.2 terabits per second. The company expects to benefit from unit growth in pluggable and coherent optical modules, higher bill-of-materials content and potential market-share gains. Meanwhile, optical circuit switching revenues are expected to approximately double in fiscal 2026, with similar growth targeted for fiscal 2027.
The completed Empower Semiconductor acquisition adds integrated voltage regulation and high-density power technology. Optical circuit switching revenues are expected to roughly double in fiscal 2026 and target similar growth in fiscal 2027, expanding ADI’s content across the grid-to-chip architecture. Power is another important opportunity as AI racks demand greater efficiency and power density.
ADI is seeing increased design activity around 800-volt DC distribution, intermediate power conversion and processor-level power delivery. These factors are likely to support ADI’s long-term growth. However, the company faces competition from other established players in the AI connectivity space.
How Competitors Fare Against ADIADI faces stiff competition from Marvell Technology (MRVL - Free Report) and Astera Labs (ALAB - Free Report) in the AI connectivity space.
Marvell Technology remains a key beneficiary of rising AI cluster size and bandwidth requirements. In second-quarter fiscal 2027, demand remained elevated for 800G optical DSPs, while 1.6T products ramped up rapidly. Marvell Technology’s scale-out switching remains on track to more than double in fiscal 2027 as 51.2T products expand across more customers. Management also raised its fiscal 2028 outlook for scale-up optics as customers evaluate NPO and CPO architectures.
Astera Labs is benefiting from rising demand for high-speed connectivity as AI infrastructure shifts toward larger rack-scale systems. PCIe 6 adoption is expanding across Aries and Scorpio, while the Scorpio X-Series has moved into volume production and is expected to become Astera Labs’ largest product family. Taurus, CXL, UALink, optical and custom connectivity programs broaden the longer-term content opportunity.
ADI’s Price Performance, Valuation and EstimatesShares of ADI have gained 39.7% year to date compared with the Semiconductor - Analog and Mixed industry’s growth of 36.3%.
ADI YTD Performance Chart
Image Source: Zacks Investment Research
From a valuation standpoint, ADI trades at a forward price-to-sales ratio of 10.17X, higher than the industry’s average of 8.00X.
ADI Forward 12-Month (P/S) Valuation Chart
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for ADI’s fiscal 2026 earnings implies year-over-year growth of 66.4%. The consensus estimate for fiscal 2026 has been revised upward in the past 30 days.
Image Source: Zacks Investment Research
ADI currently sports a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Accelerates ADI's delivery of "Physical Intelligence", enabling systems to sense, reason, and act locally in real time within the constraints of the physical world Adds Alif's AI-native fusion processors, giving customers a scalable platform to quickly build full system solutions by combining next-generation digital with ADI's leading edge analog portfolio Expands ADI's total addressable market across industrial, data center infrastructure, defense, energy, robotics, digital health, and wearable applications by enabling complete, differentiated solutions , /PRNewswire/ -- Analog Devices, Inc. (NASDAQ: ADI) and Alif Semiconductor today announced that they have entered into a definitive agreement under which ADI will acquire Alif in an all-cash transaction for $1.35 billion.
Artificial intelligence is entering a new phase as models move beyond interpreting words and images to understanding context and interacting with the physical world. This transition requires systems that can reason from signals such as motion, sound, vibration, radio waves, and thermodynamics, and operate locally within demanding power, latency, security, and reliability constraints. At ADI, this is called Physical Intelligence.
Alif is redefining edge intelligence with a sophisticated platform of high-efficiency AI-native microcontrollers and fusion processors. Its heterogeneous architecture enables real-time sensor fusion, low-latency inference, and on-device AI, bringing advanced intelligence to demanding physical systems.
Combining ADI's leadership in sensing, signal processing, power, connectivity, and application software with Alif's leading-edge digital platform will accelerate the delivery of more complete Physical Intelligence solutions. Together, ADI and Alif can address a broader range of customers' most complex system-level challenges.
Commentary
"AI is moving out of the data center and into the physical world, where latency, power, and trust cannot be compromised. That is the domain ADI has mastered for decades, at the delicate electro-physical interface where real-world signals become actionable intelligence. By combining Alif's digital processing capabilities with our leadership in multi-modal sensing, signal processing, power, connectivity, and software, we can empower customers to create entirely new classes of secure, intelligent systems that sense, reason, and act locally in real time. This is the next frontier of AI: embodied and deterministic. This is Physical Intelligence in action," said Vincent Roche, CEO and Chair of ADI. "Alif was founded to reimagine what a microcontroller can be in the AI era. We engineered a heterogeneous architecture from the start, integrating dedicated low-power neural processing with connectivity, security, and intelligent power management that delivers compute resources precisely where they're needed. Combined with ADI's deep physical-domain expertise and broad analog system capabilities, we can expand our reach to deliver the solutions that can power the future of Physical Intelligence," said Reza Kazerounian, Co-Founder and President of Alif. Alif's silicon is already shipping in production, with design wins across leading consumer and industrial customers.
Transaction Details
Under the terms of the agreement, which has been approved by the Boards of Directors of both companies, ADI will pay Alif's stockholders $1.35 billion of upfront consideration in cash, subject to the terms of the definitive agreement. In addition, ADI may pay an incremental contingent consideration of up to $200 million. The transaction is expected to close before the end of calendar year 2026, subject to customary closing conditions and the expiration of the applicable waiting period (and any extension thereof) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.
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.
About Alif Semiconductor
Alif Semiconductor, headquartered in Pleasanton, California, is a provider of the next generation of secure, connected, highly power-efficient EdgeAI microcontrollers and fusion processors. Alif's architectures scale from single-core to multi-core systems featuring integrated neural processing units (NPUs) and advanced graphics acceleration. Learn more at alifsemi.com.
Advisors
PJT Partners is acting as financial advisor to ADI, and Wachtell, Lipton, Rosen & Katz as legal counsel. Qatalyst Partners is acting as financial advisor, and DLA Piper as legal counsel to Alif.
All trademarks and registered trademarks are the property of their respective owners.
Forward-Looking Statements
This press release contains forward-looking statements, which address a variety of subjects including, for example, the expected timetable for closing of the transaction between Analog Devices, Inc. and Alif Semiconductor; the expected benefits of the transaction; ADI's expected product offerings, product development, and technical advances resulting from the transaction; markets, market position, addressable markets, and growth opportunities; and other future events. Statements that are not historical facts, including statements about our beliefs, plans, and expectations, are forward-looking statements. Such statements are based on our current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: the risk that regulatory approvals may not be obtained or other closing conditions may not be satisfied in a timely manner or at all; the possibility that the transaction will not close or that closing may be delayed; unforeseen or unknown liabilities; costs or expenses related to the transaction; the inability to retain key personnel; difficulties in integrating the acquired business; the risk that expected benefits of the transaction may not be realized or may take longer to realize than expected; and uncertainty as to the long-term value of our common stock. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, including the risk factors contained in our most recent Annual Report on Form 10-K and our most recent Quarterly Report on Form 10-Q. Forward-looking statements represent management's current expectations and are inherently uncertain. Except as required by law, we do not undertake any obligation to update forward-looking statements made by us to reflect subsequent events or circumstances.
CONTACT:
Jeff Ambrosi
Senior Director, Investor Relations
Analog Devices
[email protected]
(781) 461-3282
Ferda Millan
Global PR and External Communications
Analog Devices
[email protected]
(408) 373-1854
Analog Devices oznámila za 3. fiskální čtvrtletí meziroční růst tržeb o 40 % a výhled na další čtvrtletí počítá s tržbami 4,3 miliardy USD, což znamená další 40% růst.
The artificial intelligence (AI) building boom is far more than just chips. Data centers need to store those chips, and each of those facilities has requirements centering around power, liquid cooling, and other components.
Analog Devices (ADI -3.40%) specializes in energy management hardware that connects power to data centers. The company's hardware also safely distributes electricity to multiple servers to avoid overheating.
This positioning has helped the 61-year-old company become a hot AI stock, and recent fundamentals suggest that momentum will continue.
Image source: Getty Images.
A record outlook highlights AI gains Analog Devices reported robust fiscal 2026 third-quarter results (ended Aug. 1). Revenue soared by 40% year over year, with the Data Center and Industrial segment fueling most of that growth. Chief Executive Officer Vincent Roche cited "deep customer collaboration" and rising demand when discussing results.
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However, the most bullish indicator came when the company announced guidance for its fiscal fourth quarter. A midpoint of $4.3 billion in revenue implies another quarter of 40% year-over-year revenue growth.
Analog Devices acts as an intermediary for the two hottest parts of the AI boom: chips and power. That suggests revenue growth will continue beyond fiscal 2026, especially when considering the projections for the AI industry. According to Grand View Research, the AI market is expected to achieve a 31% compound annual growth rate through 2033.
AI growth without the capex issues The company is primed for the AI boom, but it doesn't face the same capital expenditure (capex) issues that plague hyperscalers. Tech giants are committing billions of dollars toward chips, data center storage, and other components.
Neoclouds like Nebius have been raising substantial capital to build AI data centers to keep up with demand. These efforts can produce parabolic revenue growth, but they also require a lot of up-front capital and debt.
Analog Devices doesn't face soaring expenses. The company returned $1.7 billion to shareholders through dividends and share repurchases in its third quarter. Net income more than doubled year over year, reaching $1.34 billion. That resulted in a 33% net profit margin.
The trend of rising profit margins should continue. Net operating expenses only rose about 13% year over year in its third quarter, reaching $1.09 billion. Its net operating expense came to $3.2 billion for the first nine months of its fiscal 2026, which is also only a 13% year-over-year increase.
The company's analog chip production is more basic than graphics processing units (GPUs) and memory chips. Equipment that was made a decade ago can still produce analog chips, while equipment for GPUs and memory chips must be constantly updated and modernized, which results in much higher capex.
The valuation is promising Analog Devices' operating expense should rise at a relatively modest rate while sales surge. That implies wider profit margins in the future, but even with this forecast, the growth stock still manages to trade at an attractive valuation.
It's valued at only a 22.5 forward price-to-earnings ratio (P/E), and its 0.56 price/earnings-to-growth ratio (PEG) also hints at an undervalued price point. The company's valuations were much higher just a quarter ago.
The analog chips trade doesn't have as much attention as memory chips and GPUs. While those two industries are growing faster than analog, companies like Analog Devices don't have to worry about making soaring capital expenditures.
The company already has announced that its profits will continue to outpace revenue growth. Its forecast for the fourth quarter implies $3.86 in adjusted earnings per share (EPS) at the midpoint. Management reported $2.26 adjusted EPS in its fiscal 2025 fourth quarter, so the midpoint projection represents a 71% year-over-year increase.
Don't expect Analog Devices to post skyrocketing revenue numbers like Micron. However, it doesn't have to reach those lofty standards to meaningfully expand profit margins and outpace the S&P 500.
Automotive tržby Analog Devices vzrostly ve 3. čtvrtletí fiskálního roku 2026 meziročně o 16 % a tvořily 25 % kvartálních tržeb. Firma čeká ve 4. čtvrtletí jen nízký jednociferný růst.
Key Takeaways Analog Devices' automotive revenues rose 16% year over year, reaching 25% of quarterly revenues.ADI is gaining share across combustion and electric vehicles, with strength in ADAS and infotainment.Automotive revenues are expected to grow at a low-single-digit rate in the fiscal fourth quarter. Analog Devices’ (ADI - Free Report) automotive business delivered strong growth in the third quarter of fiscal 2026. Automotive accounted for 25% of ADI’s quarterly revenues and increased 14% sequentially and 16% year over year. This was a meaningful contribution to the company’s broad-based growth, as ADI reported total quarterly revenues of $4.02 billion.
The growth in automotive was stronger than the underlying vehicle market. ADI said its higher content and share positions globally continued to drive growth well above the seasonally adjusted annual rate of vehicle sales. This suggests that ADI is benefiting not only from higher vehicle production but also from increasing semiconductor content per vehicle.
One important growth area is next-generation advanced driver-assistance systems (ADAS). As vehicles become more intelligent, they require more sensing, signal processing, power management and other semiconductor content. ADI specifically highlighted next-generation ADAS and infotainment systems as areas where it is seeing strength across customers and products, and it is winning more business.
Electric powertrains are another important opportunity for the automotive business. ADI reported diversified strength in electric powertrains, alongside ADAS and infotainment. The company also said it is gaining share across different types of vehicles, including both combustion-engine vehicles and electric vehicles. This gives the automotive business exposure to the broader shift toward greater electronic content in vehicles rather than relying on a single vehicle technology.
Looking ahead, ADI expects automotive revenues to increase at a low-single-digit rate in the fourth quarter. Although this is slower than the 16% year-over-year growth achieved in the third quarter, the company continues to see opportunities across infotainment, electrification, autonomous, ADAS and safety applications.
How Competitors Fare Against Analog DevicesAnalog Devices competes with Texas Instruments (TXN - Free Report) and STMicroelectronics (STM - Free Report) in the Automotive segment. Texas Instruments competes with ADI in Analog sensors, power ICs, in-vehicle networking and driver assistance electronics.
In the second quarter of 2026, Texas Instruments’ automotive sales rose by the mid-teens on a year-over-year basis. STMicroelectronics competes in sensors like MEMS and inertial, analog front ends, interface ICs and microcontrollers. Both Texas Instruments and STMicroelectronics compete with ADI across the broader Industrial and communication segment.
ADI’s Price Performance, Valuation and EstimatesShares of ADI have gained 36.9% year to date compared with the Semiconductor - Analog and Mixed industry’s growth of 32%.
ADI YTD Performance ChartPerformance
Image Source: Zacks Investment Research
From a valuation standpoint, ADI trades at a forward price-to-sales ratio of 10.15X, higher than the industry’s average of 7.83X.
ADI Forward 12-Month (P/S) Valuation Chart
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for ADI’s fiscal 2026 earnings implies year-over-year growth of 66.4%. The consensus estimate for fiscal 2026 has been revised upward by 44 cents in the past seven days.
Image Source: Zacks Investment Research
ADI currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Advisors Capital Management LLC purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,614 shares of the semiconductor company’s stock, valued at approximately $3,421,000.
Several other institutional investors have also recently added to or reduced their stakes in ADI. Brighton Jones LLC boosted its holdings in shares of Analog Devices by 39.5% in the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock valued at $397,000 after acquiring an additional 529 shares in the last quarter. Sivia Capital Partners LLC increased its position in Analog Devices by 36.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company’s stock worth $417,000 after purchasing an additional 464 shares during the period. Ieq Capital LLC increased its position in Analog Devices by 38.0% during the 2nd quarter. Ieq Capital LLC now owns 44,576 shares of the semiconductor company’s stock worth $10,610,000 after purchasing an additional 12,276 shares during the period. HUB Investment Partners LLC purchased a new position in shares of Analog Devices during the 2nd quarter worth approximately $644,000. Finally, Peapack Gladstone Financial Corp raised its stake in shares of Analog Devices by 2.4% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 60,169 shares of the semiconductor company’s stock worth $14,322,000 after buying an additional 1,406 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.
Insider Buying and Selling at Analog Devices In other Analog Devices news, Director Ray Stata sold 1,432 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $400.83, for a total transaction of $573,988.56. Following the completion of the sale, the director directly owned 120,175 shares in the company, valued at $48,169,745.25. The trade was a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 30,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the completion of the sale, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at $57,096,149.94. The trade was a 17.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 75,274 shares of company stock worth $30,343,386. 0.36% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In A number of research firms recently weighed in on ADI. Barclays lifted their price target on Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Sanford C. Bernstein upgraded Analog Devices from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $430.00 to $465.00 in a research report on Wednesday. Citigroup raised their target price on Analog Devices from $400.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Jefferies Financial Group boosted their target price on shares of Analog Devices from $410.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Finally, Truist Financial upped their price target on shares of Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a research note on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $447.13. Get Our Latest Analysis on ADI
Analog Devices Trading Up 0.8% Shares of ADI opened at $373.09 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.34 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $180.79 billion, a P/E ratio of 44.26, a price-to-earnings-growth ratio of 0.94 and a beta of 1.20. The stock’s fifty day simple moving average is $388.25 and its 200 day simple moving average is $371.11. Analog Devices, Inc. has a twelve month low of $223.47 and a twelve month high of $445.91.
Analog Devices (NASDAQ:ADI – Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.34 by $0.11. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The firm’s revenue was up 39.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities research analysts forecast that Analog Devices, Inc. will post 12.72 earnings per share for the current year.
Analog Devices Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 1st. Analog Devices’s dividend payout ratio is 52.19%.
Analog Devices News Roundup Here are the key news stories impacting Analog Devices this week:
Positive Sentiment: Strong earnings and guidance: ADI reported record fiscal Q3 revenue of $4.02 billion, up about 40% year over year and ahead of the $3.92 billion consensus estimate. Adjusted EPS of $3.45 also exceeded expectations. Management’s fiscal Q4 EPS outlook of $3.71 to $4.01 points to continued momentum. Analog Devices Q3 Earnings Beat Estimates, Revenues Rise Y/Y Positive Sentiment: AI and data-center growth: Revenue from data-center applications reportedly more than doubled, while demand tied to AI infrastructure, power management, optical connectivity and energy systems is creating a multiyear growth opportunity. Management highlighted a potential 100-gigawatt data-center buildout by 2031. Analog Devices Q3 Earnings Call Highlights AI Power Growth Runway Positive Sentiment: Broad analyst support: JPMorgan raised its price target to $500 and maintained an Overweight rating. Needham, TD Cowen and Susquehanna also reiterated Buy-equivalent ratings, with targets ranging from $450 to $475. These revisions reflect confidence in AI demand, margin expansion and an improving industrial recovery. Analog Devices Is Cashing in on the AI Boom Neutral Sentiment: Relative investment appeal: Comparisons with Texas Instruments and dividend-focused AI investment ideas portray ADI as a financially solid way to gain analog-chip and AI exposure, though they do not represent new company-specific catalysts. ADI vs. TXN: Which Analog Processing Chip Stock Has an Edge Right Now? Negative Sentiment: Macro and valuation risks: Semiconductor stocks faced pressure from a sharp rise in the 30-year Treasury yield, which can weigh on high-valuation growth shares. One analysis also downgraded ADI, arguing that multiple contraction and elevated expectations could limit gains despite strong fundamentals. Chip Stocks Fell on Higher Treasury Yields About Analog Devices (Free Report)
Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.
The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.
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B. Metzler seel. Sohn & Co. AG ve 2. čtvrtletí získala nový podíl v Analog Devices: 138 570 akcií za zhruba 55,036 mil. USD. Firma zároveň oznámila rekordní výnosy 4,02 mld. USD a EPS 3,45.
B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 138,570 shares of the semiconductor company’s stock, valued at approximately $55,036,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Banque Transatlantique SA bought a new position in Analog Devices in the 4th quarter worth approximately $25,000. Contravisory Investment Management Inc. bought a new stake in Analog Devices during the 2nd quarter valued at $25,000. Hilton Head Capital Partners LLC bought a new stake in Analog Devices during the 4th quarter valued at $26,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Analog Devices during the fourth quarter worth $27,000. Finally, Evolution Wealth Management Inc. purchased a new stake in shares of Analog Devices during the first quarter worth $30,000. Institutional investors own 86.81% of the company’s stock.
Key Headlines Impacting Analog Devices Here are the key news stories impacting Analog Devices this week:
Positive Sentiment: Strong Q3 beat and upbeat outlook: Fiscal third-quarter revenue reached a record $4.02 billion, up approximately 40% year over year and above the roughly $3.91 billion consensus estimate. Non-GAAP EPS of $3.45 also exceeded expectations. Management guided for fourth-quarter revenue of $4.2 billion-$4.4 billion and EPS of $3.71-$4.01, both ahead of Wall Street forecasts. Analog Devices Reports Record Fiscal Third Quarter 2026 Financial Results Positive Sentiment: AI and data-center demand are accelerating: Growth in data-center power-management and optical products, along with industrial demand, is supporting momentum into fiscal 2027. ADI says a potential 100-gigawatt data-center buildout by 2031 could represent a significant long-term opportunity. Analog Devices Sees 100 GW Data Center Buildout Positive Sentiment: Analysts raised targets: JPMorgan lifted its target to $500 and maintained an Overweight rating. Needham raised its target to $450, while TD Cowen reaffirmed Buy with a $460 target; Susquehanna also reiterated Buy with a $475 target. These revisions indicate improving confidence in ADI’s AI infrastructure growth. Analog Devices Is Cashing in on the AI Boom Positive Sentiment: Shareholder returns remain supportive: ADI declared a quarterly dividend of $1.10 per share, payable September 15 to shareholders of record September 1, and returned approximately $1.7 billion through dividends and repurchases during the quarter. Neutral Sentiment: ADI is increasingly being viewed as a dividend-paying way to participate in the AI boom, potentially broadening its appeal to income-oriented investors. 3 Buy-Rated Dividend Stocks to Play the AI Boom Negative Sentiment: Valuation and AI-trade concerns are limiting the reaction: One analyst argued that the stock’s elevated valuation and multiple contraction could overshadow the strong fundamentals, warning that investor enthusiasm around AI may be creating additional downside risk. Analog Devices Earnings Reaction Warning Wall Street Analyst Weigh In Several equities analysts have recently weighed in on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $480.00 price target on shares of Analog Devices in a research report on Wednesday. Argus set a $460.00 target price on Analog Devices in a research note on Tuesday, May 26th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $550.00 target price on shares of Analog Devices in a report on Monday. Needham & Company LLC upped their price target on Analog Devices from $440.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Robert W. Baird increased their price target on shares of Analog Devices from $365.00 to $450.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and an average target price of $447.13. View Our Latest Report on ADI
Insider Activity at Analog Devices In other Analog Devices news, SVP Martin Cotter sold 17,594 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total value of $7,354,292.00. Following the completion of the transaction, the senior vice president owned 56,332 shares of the company’s stock, valued at $23,546,776. The trade was a 23.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ray Stata sold 1,432 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total transaction of $573,988.56. Following the completion of the transaction, the director directly owned 120,175 shares in the company, valued at $48,169,745.25. The trade was a 1.18% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 75,274 shares of company stock valued at $30,343,386 in the last ninety days. 0.36% of the stock is currently owned by company insiders.
Analog Devices Trading Down 0.8% Shares of ADI stock opened at $370.24 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.34 and a current ratio of 1.25. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-week high of $445.91. The company has a market capitalization of $180.34 billion, a PE ratio of 43.92, a price-to-earnings-growth ratio of 0.97 and a beta of 1.20. The business’s fifty day moving average is $389.14 and its 200 day moving average is $371.10.
Analog Devices (NASDAQ:ADI – Get Free Report) last posted its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.34 by $0.11. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The firm’s revenue was up 39.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities research analysts anticipate that Analog Devices, Inc. will post 12.42 EPS for the current fiscal year.
Analog Devices Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Analog Devices’s payout ratio is presently 65.38%.
Analog Devices Profile (Free Report)
Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.
The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.
See Also Five stocks we like better than Analog Devices 3 Energy Stocks Raising Dividends as the Sector Surges 5 Reasons the S&P 500 Could Keep Rallying Through Year-End Walmart’s Post-Earnings Drop Could Be a Buying Opportunity The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI – Free Report).
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Analog Devices oznámila silné výsledky za 3. čtvrtletí a výhled na 4. čtvrtletí nad odhady. Upravený zisk na akcii byl 3,45 USD a tržby 4,02 miliardy USD.
Analog Devices Inc. (NASDAQ:ADI) on Wednesday reported upbeat third-quarter results and issued strong fourth-quarter guidance.
Analog Devices reported adjusted earnings of $3.45 per share, beating the analyst estimate of $3.33. Revenue rose 40% year over year to $4.02 billion, beating the $3.92 billion consensus estimate.
Analog Devices forecast fourth-quarter adjusted earnings of $3.71 to $4.01 per share, beating the analyst consensus estimate of $3.54 at the midpoint. The company projected revenue of $4.20 billion to $4.40 billion, beating the $4.07 billion consensus estimate at the midpoint.
“ADI delivered a strong third quarter, exceeding the midpoint of our revenue, margin, and earnings outlook as we capitalized on broad-based demand,” said Vincent Roche, CEO and Chair. “We continue to extend our leadership through a powerful combination of innovation, deep customer collaboration, and manufacturing agility. Our investments in these foundational areas, combined with the trust we have built over decades, provide a unique advantage to create, deliver, and capture value in the AI era – for customers and investors alike.”
Analog Devices shares gained 1.1% to trade at $377.17 on Thursday.
These analysts made changes to their price targets on Analog Devices following earnings announcement.
Needham analyst N. Quinn Bolton maintained the stock with a Buy and raised the price target from $440 to $450. Wells Fargo analyst Joe Quatrochi maintained the stock with an Overweight rating and lowered the price target from $515 to $500. Bernstein analyst Stacy Rasgon upgraded the stock from Market Perform to Outperform and raised the price target from $430 to $465. Latest Private Market Opportunities
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Analog Devices očekává ve 4. čtvrtletí tržby 4,3 miliardy USD a upravený EPS 3,86 USD. Hrubá marže má stoupnout na zhruba 74 % díky mixu, vyššímu využití kapacit a cenám.
Key Takeaways Analog Devices guides Q4 revenues of $4.3B and adjusted EPS of $3.86.ADI expects data center revenues to rise 10% sequentially and strong double-digit growth through FY30.ADI expects the Q4 gross margin near 74%, aided by mix, absorption and pricing; more pricing lands in Q1'27. Analog Devices, Inc. (ADI - Free Report) used its third-quarter fiscal 2026 call to emphasize a widening AI infrastructure opportunity, with power availability, optical connectivity and energy systems central to its long-term growth strategy.
The company also entered the fiscal fourth quarter with a record outlook after revenues of $4.02 billion and adjusted earnings of $3.45 per share exceeded the Zacks Consensus Estimate of $3.92 billion and $3.33, respectively.
ADI Sets Stronger Q4 BaselineExecutive vice president and CFO Richard Puccio guided fiscal fourth-quarter revenues of $4.3 billion, plus or minus $100 million, with an adjusted operating margin of 52%, plus or minus 100 basis points.
Adjusted earnings are expected to be $3.86 per share, plus or minus $0.15. Puccio added that communications should lead sequential growth, with data center revenues rising 10%.
Puccio said that industrial and consumer are expected to rise in the high single digits sequentially, while automotive is projected to increase in the low single digits.
Analog Devices Expands Grid-to-Chip PushCEO and chair Vincent Roche centered his remarks on a grid-to-chip strategy designed around AI infrastructure's rising energy and data-density requirements.
Roche said that ADI's opportunity spans grid monitoring, energy storage, rack and processor power, telemetry, and optical control. The company's 2030 data center and energy serviceable market opportunity has more than doubled from its estimate a year ago.
Roche added that optical circuit-switching revenues are positioned to roughly double this year, with a similar growth target for fiscal 2027, backed by design wins and customer commitments.
ADI Sees Multi-Year Data Center GrowthPuccio said that data center now represents 80% of communications revenues, while both optical and power revenues grew more than 100% year over year in the quarter.
A Bernstein analyst pressed management on whether that pace could extend into fiscal 2027. Roche declined to provide a specific annual growth rate but said that he expects strong double-digit data center growth through at least 2030.
A Stifel analyst asked whether the analog industry's growth profile is shifting higher. Roche stated that the analog business could compound at double-digit rates for several years as AI raises analog content and solution complexity.
Analog Devices Defends Margin DurabilityA JPMorgan analyst focused on the expected step-up in the gross margin. Puccio expected the fiscal fourth-quarter gross margin to rise 150 basis points to 74%.
Puccio attributed the improvement to a favorable mix, higher fixed-cost absorption and pricing actions. He added that the full effect of announced pricing will not be captured until first-quarter fiscal 2027.
A TD Cowen analyst asked whether roughly 74% can be sustained. Puccio stated that the level can be maintained with the expected revenues and mix, while flagging seasonal shutdowns, inflation and growth investments as offsets.
ADI Builds Supply for Accelerating DemandA Cantor Fitzgerald analyst asked whether supply capacity could constrain continued growth. Puccio said that ADI has delivered above-seasonal growth for nine straight quarters and is guiding to a 10th.
Puccio informed that management is adding tools internally, securing more external wafers and building inventory. He said that book-to-bill remains above 1, while lead times have begun to extend in parts of the industry.
Roche stated that ADI is jointly planning with external manufacturing partners across process nodes and continues to expand its hybrid manufacturing model to support longer-term demand.
Analog Devices Balances Growth & RisksDuring Q&A, a Bank of America analyst asked about fiscal 2027. Roche said that management expects a brisk growth year, citing AI, defense, cyclical recovery, pricing and Maxim-related synergies.
Roche also identified macro conditions, geopolitical risks, potential rate hikes, financial-market volatility and a slowdown in AI capital spending as factors that could alter the trajectory.
Puccio's closing emphasis remained on balancing execution discipline with targeted growth investment as ADI moves into fiscal 2027, with record quarterly revenues and a fiscal fourth-quarter outlook.
ADI's Zacks Signals Stay MixedAnalog Devices currently carries a Zacks Rank #2 (Buy), which indicates favorable earnings-estimate-revision trends over the Zacks Rank's one- to three-month horizon. However, its Value Score of D, Momentum Score of D and VGM Score of D are weaker than the A or B grades favored alongside top Zacks Ranks.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Its Growth Score of C is comparatively stronger but still below the preferred A or B range. The combination points to a positive Rank signal moderated by weaker Style Scores, and the Zacks Rank can change as analysts revise estimates following the just-reported results.
Asahi Life Asset Management koupila novou pozici v Analog Devices: 1 630 akcií za zhruba 647 000 USD. Firma zároveň oznámila čtvrtletní zisk na akcii ve výši 3,45 USD a tržby 4,02 miliardy USD, obojí nad odhady.
Asahi Life Asset Management CO. LTD. purchased a new position in Analog Devices, Inc. (NASDAQ:ADI – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,630 shares of the semiconductor company’s stock, valued at approximately $647,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ADI. ING Groep NV boosted its stake in shares of Analog Devices by 45.1% during the 4th quarter. ING Groep NV now owns 222,559 shares of the semiconductor company’s stock worth $60,358,000 after acquiring an additional 69,202 shares in the last quarter. Covenant Asset Management LLC bought a new stake in Analog Devices during the fourth quarter worth approximately $2,500,000. MGO One Seven LLC grew its holdings in Analog Devices by 17.7% during the fourth quarter. MGO One Seven LLC now owns 45,547 shares of the semiconductor company’s stock valued at $12,352,000 after purchasing an additional 6,846 shares during the last quarter. Natixis Advisors LLC raised its position in shares of Analog Devices by 2.4% in the fourth quarter. Natixis Advisors LLC now owns 1,002,286 shares of the semiconductor company’s stock valued at $271,791,000 after purchasing an additional 23,531 shares during the period. Finally, Kingswood Wealth Advisors LLC lifted its stake in shares of Analog Devices by 432.2% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 12,028 shares of the semiconductor company’s stock worth $3,262,000 after buying an additional 9,768 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.
Analog Devices Stock Down 0.9%
NASDAQ ADI opened at $373.26 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34. The firm has a market cap of $181.81 billion, a PE ratio of 55.46, a price-to-earnings-growth ratio of 0.98 and a beta of 1.20. The stock’s 50 day simple moving average is $389.98 and its 200 day simple moving average is $370.68. Analog Devices, Inc. has a one year low of $223.47 and a one year high of $445.91.
Analog Devices (NASDAQ:ADI – Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.11. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.91 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The firm’s quarterly revenue was up 39.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, sell-side analysts forecast that Analog Devices, Inc. will post 12.42 earnings per share for the current fiscal year.
Analog Devices Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 1st. Analog Devices’s dividend payout ratio is 65.38%.
Insider Activity at Analog Devices
In related news, Director Ray Stata sold 1,416 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $377.37, for a total value of $534,355.92. Following the completion of the sale, the director owned 114,511 shares of the company’s stock, valued at $43,213,016.07. This trade represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,630,000.00. Following the completion of the transaction, the chief executive officer owned 137,538 shares of the company’s stock, valued at $49,926,294. This trade represents a 6.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 105,274 shares of company stock valued at $42,247,986 over the last three months. 0.36% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
ADI has been the subject of a number of recent analyst reports. Oppenheimer upped their price target on shares of Analog Devices from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. TD Cowen increased their price objective on Analog Devices from $450.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Robert W. Baird upped their target price on shares of Analog Devices from $365.00 to $450.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Wolfe Research restated an “outperform” rating and set a $475.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. Finally, Jefferies Financial Group boosted their price target on Analog Devices from $410.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $443.24.
View Our Latest Analysis on Analog Devices
Key Headlines Impacting Analog Devices
Here are the key news stories impacting Analog Devices this week:
Positive Sentiment: Analog Devices reported record fiscal third-quarter revenue of $4.02 billion, up 39.2% year over year and ahead of the $3.92 billion consensus estimate. Adjusted EPS of $3.45 also surpassed expectations of roughly $3.33–$3.34. Growth was led by data-center and industrial demand. Analog Devices Reports Record Fiscal Third Quarter 2026 Financial Results
Positive Sentiment: The company issued above-consensus fiscal fourth-quarter guidance, calling for revenue of $4.2 billion to $4.4 billion and EPS of $3.71 to $4.01, versus analyst expectations of approximately $4.1 billion and $3.53, respectively. Management cited continued demand for power-management chips used in AI data centers and industrial applications. Analog Devices’ quarterly forecast tops estimates on AI-fueled chip demand
Positive Sentiment: Goldman Sachs reiterated a Buy rating and a $450 price target following the earnings beat and stronger outlook. Analog Devices also declared a quarterly dividend of $1.10 per share, payable September 15. Goldman Sachs reiterates Buy rating
Analog Devices Profile
(Free Report)
Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.
The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.
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Analog Devices oznámila rekordní tržby 4,02 miliardy USD za 3. fiskální čtvrtletí, meziročně o 40 % více. Společnost zároveň čeká ve 4. čtvrtletí tržby kolem 4,3 miliardy USD.
Revenue of $4.02 billion, with year-over-year growth led by Data Center and Industrial Operating cash flow of $5.5 billion and free cash flow of $4.9 billion on a trailing twelve-month basis or 40% and 36% of revenue, respectively Returned $1.7 billion to shareholders via dividends and share repurchases in the third quarter , /PRNewswire/ -- Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, today announced financial results for its fiscal third quarter 2026, which ended August 1, 2026.
"ADI delivered a strong third quarter, exceeding the midpoint of our revenue, margin, and earnings outlook as we capitalized on broad-based demand," said Vincent Roche, CEO and Chair. "We continue to extend our leadership through a powerful combination of innovation, deep customer collaboration, and manufacturing agility. Our investments in these foundational areas, combined with the trust we have built over decades, provide a unique advantage to create, deliver, and capture value in the AI era – for customers and investors alike."
"Demand continued to strengthen across our product portfolio and regions throughout the third quarter, which is reflected in our record fourth quarter outlook" said Richard Puccio, CFO. "We believe our balance of disciplined execution and targeted growth investments will enable us to finish the year strongly and carry that momentum into fiscal 2027."
Performance for the Third Quarter of Fiscal 2026
Results Summary(1)
(in millions, except per-share amounts and percentages)
Three Months Ended
Aug. 1, 2026
Aug. 2, 2025
Change
Revenue
$ 4,022
$ 2,880
40 %
Gross margin
$ 2,708
$ 1,790
51 %
Gross margin percentage
67.3 %
62.1 %
520 bps
Operating income
$ 1,613
$ 818
97 %
Operating margin
40.1 %
28.4 %
1,170 bps
Diluted earnings per share
$ 2.74
$ 1.04
163 %
Adjusted Results(2)
Adjusted gross margin
$ 2,917
$ 1,995
46 %
Adjusted gross margin percentage
72.5 %
69.2 %
330 bps
Adjusted operating income
$ 2,010
$ 1,215
65 %
Adjusted operating margin
50.0 %
42.2 %
780 bps
Adjusted diluted earnings per share
$ 3.45
$ 2.05
68 %
Three Months
Ended
Trailing Twelve
Months
Cash Generation
Aug. 1, 2026
Aug. 1, 2026
Net cash provided by operating activities
$ 1,604
$ 5,545
% of revenue
40 %
40 %
Capital expenditures
$ (146)
$ (608)
Free cash flow(2)
$ 1,458
$ 4,937
% of revenue
36 %
36 %
Three Months
Ended
Trailing Twelve
Months
Cash Return
Aug. 1, 2026
Aug. 1, 2026
Dividend paid
$ (535)
$ (2,043)
Stock repurchases
(1,157)
(3,127)
Total cash returned
$ (1,692)
$ (5,170)
(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 Fourth Quarter of Fiscal Year 2026
For the fourth quarter of fiscal 2026, we are forecasting revenue of $4.3 billion, +/- $100 million. At the midpoint of this revenue outlook, we expect reported operating margin of approximately 42.6%, +/-150 bps, and adjusted operating margin of approximately 52.0%, +/-100 bps. We are planning for reported EPS to be $3.14, +/-$0.15, and adjusted EPS to be $3.86, +/-$0.15.
Our fourth 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 fourth 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 Payment
The 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 September 15, 2026 to all shareholders of record at the close of business on September 1, 2026.
Conference Call Scheduled for Today, Wednesday, August 19, 2026 at 10:00 am ET
ADI will host a conference call to discuss our third 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 Information
This 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, acquisition related transaction costs2, and special charges, net3, 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, acquisition related transaction costs2, and special charges, net3, 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, acquisition related transaction costs2, and special charges, net3, 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 items4, 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, acquisition related transaction costs2, special charges, net3, and tax related items4, 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.
2Acquisition Related Transaction Costs: Costs directly related to the acquisition of Empower Semiconductor, Inc., including legal, accounting and other professional fees as well as integration-related costs. We exclude these costs from our non-GAAP measures because they relate to a specific transaction and are not reflective of our ongoing financial performance.
3Special 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.
4Tax 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.
Forward-Looking Statements
This press release contains forward-looking statements, which address a variety of subjects including, for example, our statements regarding future financial performance; economic uncertainty; macroeconomic, geopolitical, demand and other market conditions, business cycles, and supply chains; our capital allocation strategy, including future dividends, share repurchases, capital expenditures, investments, and free cash flow returns; expected revenue, operating margin, nonoperating expenses, tax rate, earnings per share, and other financial results; expected market and technology trends and acceleration of those trends; markets, market position, addressable markets, and growth opportunities; expected product solutions, offerings, technologies, capabilities, and applications; the value and importance of, and other benefits related to, our product solutions, offerings, and technologies to our customers; benefits related to our hybrid manufacturing model; benefits related to acquisitions; statements related to seasonality; and other future events. Statements that are not historical facts, including statements about our beliefs, plans and expectations, are forward-looking statements. Such statements are based on our current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: economic, political, legal and regulatory uncertainty or conflicts; recently announced and future tariffs and other trade restrictions; changes in export classifications, import and export regulations or duties and tariffs; changes in demand for semiconductor products; performance of independent distributors; manufacturing delays, product and raw materials availability and supply chain disruptions; products may be diverted from our authorized distribution channels; our development of technologies and research and development investments; our ability to compete successfully in the markets in which we operate; our future liquidity, capital needs and capital expenditures; our ability to recruit and retain key personnel; risks related to acquisitions or other strategic transactions; security breaches or other cyber incidents; risks related to the use of artificial intelligence in our business operations, products, and services; adverse results in litigation matters; reputational damage; changes in our estimates of our expected tax rates based on current tax law; risks related to our indebtedness; the discretion of our Board of Directors to declare dividends and our ability to pay dividends in the future; factors impacting our ability to repurchase shares; and uncertainty as to the long-term value of our common stock. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, including the risk factors contained in our most recent Annual Report on Form 10-K. Forward-looking statements represent management's current expectations and are inherently uncertain. Except as required by law, we do not undertake any obligation to update forward-looking statements made by us to reflect subsequent events or circumstances.
Analog Devices and the Analog Devices logo are registered trademarks or trademarks of Analog Devices, Inc. All other trademarks mentioned in this document are the property of their respective owners.
ANALOG DEVICES, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(In thousands, except per share amounts)
Three Months Ended
Nine Months Ended
Aug. 1, 2026
Aug. 2, 2025
Aug. 1, 2026
Aug. 2, 2025
Revenue
$ 4,021,899
$ 2,880,348
$ 10,805,627
$ 7,943,590
Cost of sales
1,314,355
1,090,600
3,613,309
3,111,929
Gross margin
2,707,544
1,789,748
7,192,318
4,831,661
Operating expenses:
Research and development
533,480
454,251
1,510,203
1,298,980
Selling, marketing, general and administrative
397,326
325,706
1,105,389
913,171
Amortization of intangibles
187,985
187,415
563,285
562,245
Special charges, net
(24,216)
4,348
23,766
69,980
Total operating expenses
1,094,575
971,720
3,202,643
2,844,376
Operating income
1,612,969
818,028
3,989,675
1,987,285
Nonoperating expense (income):
Interest expense
88,728
79,592
262,692
229,559
Interest income
(25,377)
(27,083)
(86,199)
(72,295)
Other, net
3,749
2,110
(3,386)
5,108
Total nonoperating expense (income)
67,100
54,619
173,107
162,372
Income before income taxes
1,545,869
763,409
3,816,568
1,824,913
Provision for income taxes
205,779
244,891
469,302
345,309
Net income
$ 1,340,090
$ 518,518
$ 3,347,266
$ 1,479,604
Shares used to compute earnings per common share - basic
486,021
494,390
487,500
495,560
Shares used to compute earnings per common share - diluted
488,837
496,726
490,317
497,865
Basic earnings per common share
$ 2.76
$ 1.05
$ 6.87
$ 2.99
Diluted earnings per common share
$ 2.74
$ 1.04
$ 6.83
$ 2.97
ANALOG DEVICES, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(In thousands, except share and per share amounts)
Aug. 1, 2026
Nov. 1, 2025
ASSETS
Current Assets
Cash and cash equivalents
$ 2,165,870
$ 2,499,406
Short-term investments
159,064
1,152,915
Accounts receivable
2,389,577
1,436,075
Inventories
1,931,496
1,656,323
Prepaid expenses and other current assets
426,523
363,342
Total current assets
7,072,530
7,108,061
Non-current Assets
Net property, plant and equipment
3,351,981
3,315,696
Goodwill
27,988,737
26,945,180
Intangible assets, net
7,468,220
8,013,815
Deferred tax assets
1,689,972
1,867,102
Other assets
852,977
742,858
Total non-current assets
41,351,887
40,884,651
TOTAL ASSETS
$ 48,424,417
$ 47,992,712
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
Accounts payable
$ 682,167
$ 543,760
Income taxes payable
461,804
610,370
Debt, current
1,344,855
—
Commercial paper notes
1,005,104
446,639
Accrued liabilities
2,162,324
1,645,032
Total current liabilities
5,656,254
3,245,801
Non-current Liabilities
Long-term debt
6,771,624
8,145,066
Deferred income taxes
1,837,959
2,163,281
Income taxes payable
90,723
100,963
Other non-current liabilities
516,960
521,846
Total non-current liabilities
9,217,266
10,931,156
Shareholders' Equity
Preferred stock, $1.00 par value, 471,934 shares authorized, none outstanding
—
—
Common stock, $0.16 2/3 par value, 1,200,000,000 shares authorized, 484,565,465 shares
outstanding (489,654,097 on November 1, 2025)
80,762
81,611
Capital in excess of par value
21,288,447
23,349,185
Retained earnings
12,330,779
10,539,541
Accumulated other comprehensive loss
(149,091)
(154,582)
Total shareholders' equity
33,550,897
33,815,755
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
$ 48,424,417
$ 47,992,712
ANALOG DEVICES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(In thousands)
Three Months Ended
Nine Months Ended
Aug. 1, 2026
Aug. 2, 2025
Aug. 1, 2026
Aug. 2, 2025
Cash flows from operating activities:
Net income
$ 1,340,090
$ 518,518
$ 3,347,266
$ 1,479,604
Adjustments to reconcile net income to net cash provided by operations:
Depreciation
104,455
102,542
315,298
301,323
Amortization of intangibles
389,765
384,750
1,160,358
1,202,179
Stock-based compensation expense
96,255
84,703
263,651
235,108
Deferred income taxes
(161,011)
52,052
(281,941)
(97,318)
Other
(24,104)
(5,699)
(19,377)
(1,496)
Changes in operating assets and liabilities
(141,491)
28,239
(940,740)
(8,008)
Total adjustments
263,869
646,587
497,249
1,631,788
Net cash provided by operating activities
1,603,959
1,165,105
3,844,515
3,111,392
Cash flows from investing activities:
Purchases of short-term available-for-sale investments
—
(1,150,240)
—
(1,150,240)
Maturities of short-term available-for-sale investments
842,840
—
990,657
372,778
Additions to property, plant and equipment, net
(145,662)
(79,153)
(392,677)
(318,399)
Proceeds from sale of property, plant and equipment, net
—
—
—
58,892
Proceeds from sale of a subsidiary, net
96,592
—
96,592
—
Payments for acquisitions, net of cash acquired
(1,500,174)
—
(1,536,049)
(45,652)
Other
(8,543)
(715)
(32,425)
(13,595)
Net cash used for investing activities
(714,947)
(1,230,108)
(873,902)
(1,096,216)
Cash flows from financing activities:
Proceeds from debt
—
1,490,785
—
1,490,785
Debt repayments
—
—
—
(399,998)
Proceeds from commercial paper notes
5,906,409
2,551,168
13,061,198
6,867,508
Payments of commercial paper notes
(5,451,502)
(2,551,223)
(12,502,732)
(6,866,581)
Repurchase of common stock
(1,157,008)
(1,075,152)
(2,446,409)
(1,484,166)
Dividend payments to shareholders
(535,309)
(490,161)
(1,556,028)
(1,437,521)
Proceeds from employee stock plans
61,684
42,767
121,171
104,329
Other
15,668
41,775
18,651
40,317
Net cash (used for) provided by financing activities
(1,160,058)
9,959
(3,304,149)
(1,685,327)
Net (decrease) increase in cash and cash equivalents
(271,046)
(55,044)
(333,536)
329,849
Cash and cash equivalents at beginning of period
2,436,916
2,376,235
2,499,406
1,991,342
Cash and cash equivalents at end of period
$ 2,165,870
$ 2,321,191
$ 2,165,870
$ 2,321,191
ANALOG DEVICES, INC.
REVENUE TRENDS BY END MARKET
(Unaudited)
(In thousands)
The categorization of revenue by end market is determined using a variety of data points including the technical characteristics of the product, the "sold to" customer information, the "ship to" customer information and the end customer product or application into which our product will be incorporated. The assignment of products to end markets may change over time. When this occurs, we reclassify revenue by end market for prior periods. Such reclassifications typically do not materially change the sizing of, or the underlying trends of results within, each end market.
Three Months Ended
August 1, 2026
August 2, 2025
Revenue
% of Revenue1
Y/Y%
Revenue
% of Revenue1
Industrial
$ 1,971,926
49 %
53 %
$ 1,292,988
45 %
Automotive
998,227
25 %
16 %
857,146
30 %
Communications
654,515
16 %
84 %
354,768
12 %
Consumer
397,231
10 %
6 %
375,446
13 %
Total revenue
$ 4,021,899
100 %
40 %
$ 2,880,348
100 %
Nine Months Ended
August 1, 2026
August 2, 2025
Revenue
% of Revenue1
Y/Y%
Revenue
% of Revenue1
Industrial
$ 5,269,825
49 %
50 %
$ 3,512,896
44 %
Automotive
2,685,246
25 %
9 %
2,454,845
31 %
Communications
1,659,553
15 %
72 %
965,036
12 %
Consumer
1,191,003
11 %
18 %
1,010,813
13 %
Total revenue
$ 10,805,627
100 %
36 %
$ 7,943,590
100 %
1) The sum of the individual percentages may not equal the total due to rounding.
ANALOG DEVICES, INC.
RECONCILIATION OF GAAP TO NON-GAAP RESULTS
(Unaudited)
(In thousands, except per share amounts)
Three Months Ended
Nine Months Ended
Aug. 1, 2026
Aug. 2, 2025
Aug. 1, 2026
Aug. 2, 2025
Gross margin
$ 2,707,544
$ 1,789,748
$ 7,192,318
$ 4,831,661
Gross margin percentage
67.3 %
62.1 %
66.6 %
60.8 %
Acquisition related expenses
209,192
204,756
619,404
662,865
Adjusted gross margin
$ 2,916,736
$ 1,994,504
$ 7,811,722
$ 5,494,526
Adjusted gross margin percentage
72.5 %
69.2 %
72.3 %
69.2 %
Operating expenses
$ 1,094,575
$ 971,720
$ 3,202,643
$ 2,844,376
Percent of revenue
27.2 %
33.7 %
29.6 %
35.8 %
Acquisition related expenses
(188,594)
(188,015)
(565,089)
(564,045)
Acquisition related transaction costs
(23,391)
—
(23,391)
—
Special charges, net
24,216
(4,348)
(23,766)
(69,980)
Adjusted operating expenses
$ 906,806
$ 779,357
$ 2,590,397
$ 2,210,351
Adjusted operating expenses percentage
22.5 %
27.1 %
24.0 %
27.8 %
Operating income
$ 1,612,969
$ 818,028
$ 3,989,675
$ 1,987,285
Operating margin
40.1 %
28.4 %
36.9 %
25.0 %
Acquisition related expenses
397,786
392,771
1,184,493
1,226,910
Acquisition related transaction costs
23,391
—
23,391
—
Special charges, net
(24,216)
4,348
23,766
69,980
Adjusted operating income
$ 2,009,930
$ 1,215,147
$ 5,221,325
$ 3,284,175
Adjusted operating margin
50.0 %
42.2 %
48.3 %
41.3 %
Nonoperating expense (income)
$ 67,100
$ 54,619
$ 173,107
$ 162,372
Acquisition related expenses
2,150
2,150
6,450
6,450
Adjusted nonoperating expense (income)
$ 69,250
$ 56,769
$ 179,557
$ 168,822
Income before income taxes
$ 1,545,869
$ 763,409
$ 3,816,568
$ 1,824,913
Acquisition related expenses
395,636
390,621
1,178,043
1,220,460
Acquisition related transaction costs
23,391
—
23,391
—
Special charges, net
(24,216)
4,348
23,766
69,980
Adjusted income before income taxes
$ 1,940,680
$ 1,158,378
$ 5,041,768
$ 3,115,353
Provision for income taxes
$ 205,779
$ 244,891
$ 469,302
$ 345,309
Effective income tax rate
13.3 %
32.1 %
12.3 %
18.9 %
Tax related items
48,270
(106,855)
162,938
15,780
Adjusted provision for income taxes
$ 254,049
$ 138,036
$ 632,240
$ 361,089
Adjusted tax rate
13.1 %
11.9 %
12.5 %
11.6 %
Diluted EPS
$ 2.74
$ 1.04
$ 6.83
$ 2.97
Acquisition related expenses
0.81
0.79
2.40
2.45
Acquisition related transaction costs
0.05
—
0.05
—
Special charges, net
(0.05)
0.01
0.05
0.14
Tax related items
(0.10)
0.22
(0.33)
(0.03)
Adjusted diluted EPS*
$ 3.45
$ 2.05
$ 8.99
$ 5.53
* The sum of the individual per share amounts may not equal the total due to rounding.
ANALOG DEVICES, INC.
RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW
(Unaudited)
(In thousands)
Trailing
Twelve
Months
Three Months Ended
Aug. 1, 2026
Aug. 1, 2026
May 2, 2026
Jan. 31, 2026
Nov. 1, 2025
Revenue
$ 13,881,544
$ 4,021,899
$ 3,623,465
$ 3,160,063
$ 3,076,117
Net cash provided by operating activities
$ 5,545,325
$ 1,603,959
$ 872,041
$ 1,368,515
$ 1,700,810
% of Revenue
40 %
40 %
24 %
43 %
55 %
Capital expenditures
$ (607,830)
$ (145,662)
$ (137,702)
$ (109,313)
$ (215,153)
Free cash flow
$ 4,937,495
$ 1,458,297
$ 734,339
$ 1,259,202
$ 1,485,657
% of Revenue
36 %
36 %
20 %
40 %
48 %
ANALOG DEVICES, INC.
RECONCILIATION OF PROJECTED GAAP TO NON-GAAP RESULTS
(Unaudited)
Three Months Ending October 31, 2026
Reported
Adjusted
Revenue
$4.3 Billion
$4.3 Billion
(+/- $100 Million)
(+/- $100 Million)
Operating margin
42.6 %
52.0 %(1)
(+/-150 bps)
(+/-100 bps)
Nonoperating expense
~$80 Million
~$80 Million
Tax rate
12% - 14%
12% - 14% (2)
Earnings per share
$3.14
$3.86 (3)
(+/- $0.15)
(+/- $0.15)
(1) Includes $405 million of adjustments related to acquisition related expenses as previously defined in the Non-GAAP Financial Information section of this press release.
(2) Includes $53 million of tax effects associated with the adjustment for acquisition related expenses noted above.
(3) Includes $0.72 of adjustments related to the net impact of acquisition related expenses and the tax effects on those items.
For more information, please contact:
Jeff Ambrosi
Senior Director, Investor Relations
Analog Devices, Inc.
781-461-3282
[email protected]
Analog Devices má ve středu ráno oznámit výsledky a opce naznačují pohyb akcií až o 6 % do konce týdne. Trh čeká tržby 3,92 miliardy USD a upravený zisk na akcii 3,34 USD.
Key Takeaways
Analog Devices is due to report earnings Wednesday morning, with options pricing suggesting traders see the stock swinging up to 6% by the end of the week. The chipmaker is expected to post growing revenue and profits, amid improving demand for chips used in cars.
Analog Devices is scheduled to report earnings ahead of the opening bell on Wednesday, with traders anticipating a sizable move from the chipmaker’s stock.1
Based on current options pricing, Analog Devices (ADI) shares are seen swinging up to 6% in either direction by the end of the week. A move of that size from Tuesday’s close could lift the shares to $398, or drag them down to $355, giving up some of their gains this year.
Though the stock has pulled back from its June highs, Analog Devices shares are up nearly 40% since the start of the year. The analog chipmaker, which services a wide range of industries from healthcare to defense, has seen growing industrial sales related to AI infrastructure, as well as share gains in advanced driver assistance systems and battery management systems.
Why This Matters to Investors
The results from Analog Devices could offer more insights into demand for analog chips across a broad swath of industries.
UBS analysts said they see a “white hot” data center industry and improving demand for automotive chips likely boosting Analog’s revenue above its typical seasonal trends for “at least the next 4 quarters.”2
Analog Devices is projected to report $3.92 billion in revenue for its fiscal third quarter, up 36% year-over-year. The chipmaker’s adjusted earnings per share are expected to have risen to $3.34 from $2.05 the same time a year ago, according to Visible Alpha estimates.
Analysts are broadly bullish on Analog Devices, with six of the seven analysts tracked by Visible Alpha calling the chipmaker a “buy,” while one holds a neutral rating. Their mean target of $456 would suggest more than 20% upside from Tuesday’s close.
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Příjmy z průmyslového segmentu Analog Devices ve fiskálním 2. čtvrtletí 2026 meziročně vzrostly o 56 % na 1,80 miliardy USD a tvořily polovinu celkových tržeb. Firma čeká ve fiskálním 3. čtvrtletí 2026 růst průmyslového segmentu oproti předchozímu čtvrtletí o střední až vyšší jednociferné procento.
Key Takeaways Analog Devices' Industrial revenues jumped 56% year over year to $1.80 billion in fiscal Q2 2026.ADI's automation, energy, healthcare and other industrial businesses grew more than 40% in the first half.ADI expects mid- to high-single-digit sequential Industrial growth in fiscal Q3 2026. Analog Devices’ (ADI - Free Report) Industrial segment is emerging as a key driver of its growth, supported by both a cyclical recovery and powerful secular trends. Industrial revenues rose 56% year over year to $1.80 billion in second-quarter fiscal 2026, accounting for 50% of total company revenues. For the first six months, Industrial revenues increased 48% to $3.30 billion.
The segment benefits from broad exposure across automated test equipment, aerospace and defense, automation, electronic test and measurement, sustainable energy, healthcare and broad-market industrial applications. Management noted that automation, ETM, sustainable energy, healthcare and broad-market businesses collectively grew more than 40% in the first half of fiscal 2026, while remaining below prior-cycle highs with lean channel inventories.
Automation is benefiting from factory modernization, robotics and reshoring, while energy demand is supported by grid modernization and electrification. Healthcare is also delivering double-digit growth as ADI expands into wearable and outpatient applications. Management expects Industrial to maintain above-seasonal growth, with mid- to high-single-digit sequential growth projected for fiscal third-quarter 2026.
ADI’s portfolio of high-performance sensing, signal chain, power management and connectivity supports the shift toward digital factories and next-generation robots across semiconductor fabs, biopharma and data centers. For the third quarter, management expects Industrial to grow mid- to high-single digits sequentially at the midpoint of guidance, which anchors a continued recovery.
Given Industrial’s 15- to 20-year average product lifecycles and above-corporate profitability, this mix can support durable margins as volumes normalize in the upcoming quarters. However, ADI faces competitive pressure from large semiconductor companies in this sphere.
How Competitors Fare Against ADIAnalog Devices competes with Texas Instruments (TXN - Free Report) and STMicroelectronics (STM - Free Report) in the Industrial segment. Texas Instruments competes with ADI in industrial signal chains, precision sensing and power management, especially in PLCs, factory automation and motor control. STMicroelectronics competes in industrial MCUs, motor drivers, sensors and automation systems.
In the robotics space, STMicroelectronics provides sensors, motor control ICs and power management for cobots, AMRs and humanoid robots. In automation, Texas Instruments provides low-power precision analog and sensing for medical imaging, patient monitoring and diagnostics.
Both STMicroelectronics and Texas Instruments compete with ADI in the aerospace and defense business through their radiation-hardened analog and mixed-signal ICs, secure communications and avionics systems.
ADI’s Price Performance, Valuation and EstimatesShares of ADI have gained 43.9% year to date compared with the Semiconductor - Analog and Mixed industry’s growth of 42.7%.
ADI YTD Performance Chart
Image Source: Zacks Investment Research
From a valuation standpoint, ADI trades at a forward price-to-sales ratio of 11.64X, higher than the industry’s average of 8.68X.
ADI Forward 12-Month (P/S) Valuation Chart
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for ADI’s fiscal 2026 earnings implies year-over-year growth of 59%. The consensus estimate for fiscal 2026 has been revised downward by a penny in the past 30 days.
Image Source: Zacks Investment Research
ADI currently sports a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Analog Devices, Inc. (NASDAQ:ADI) will release its third earnings report before the opening bell on Wednesday, Aug. 19.
Analysts expect the Wilmington, Massachusetts-based company to report quarterly earnings of $3.33 per share, up from $2.05 per share in the year-ago period. The consensus estimate for ADI’s quarterly revenue is $3.93 billion. It reported $2.88 billion last year, according to Benzinga Pro.
On May 20, Analog Devices posted better-than-expected second-quarter earnings.
Analog Devices shares gained 0.2% to close at $390.28 on Monday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Keybanc analyst John Vinh maintained an Overweight rating and raised the price target from $500 to $525 on July 14, 2026. This analyst has an accuracy rate of 78%. TD Cowen analyst Joshua Buchalter maintained a Buy rating and boosted the price target from $450 to $460 on July 13, 2026. This analyst has an accuracy rate of 57%. Cantor Fitzgerald analyst C.J. Muse maintained an Overweight rating and raised the price target from $510 to $550 on June 29, 2026. This analyst has an accuracy rate of 82%. Stifel analyst Tore Svanberg maintained a Buy rating and increased the price target from $450 to $498 on June 24, 2026. This analyst has an accuracy rate of 84%. JP Morgan analyst Harlan Sur maintained an Overweight rating and raised the price target from $400 to $450 on May 26, 2026. This analyst has an accuracy rate of 85%. Latest Private Market Opportunities
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ADI Global Distribution vykázala rekordní tržby za 2. čtvrtletí ve výši 1,29 miliardy USD, meziročně o 1 % více, a zahájila výhled na celý rok 2026 po oddělení od Resideo.
ADI Global Distribution Inc. Common Stock NYSE: ADIG reported record second-quarter revenue as commercial demand remained resilient, helping offset continued weakness in residential audiovisual markets. The company also initiated its full-year 2026 outlook following its August spin-off from Resideo.
Chief Executive Officer Rob Aarnes said the quarter marked ADI's first earnings call as a standalone public company. The distributor, which serves professional installers and integrators across security, fire and life safety, residential AV, Pro AV and Datacom, began trading on the New York Stock Exchange on Aug. 4.
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ADI generated second-quarter revenue of $1.29 billion, up 1% year over year, while average daily sales rose 2% despite one fewer selling day. Results were presented on a carve-out basis because ADI operated within Resideo during the quarter before the Aug. 3 spin-off.
Commercial Categories Offset Residential AV Weakness
Aarnes said approximately 70% of ADI's 2025 revenue came from commercial end markets, where demand is supported by retrofit, replacement and technology upgrade activity in addition to new construction. He said commercial demand remained resilient during the quarter.
Datacom revenue rose in the low teens.
Commercial security increased in the mid-single digits.
Pro AV grew in the low single digits.
Residential audiovisual remained weak amid a soft U.S. housing environment.
“We have yet to see signs of meaningful recovery” in residential AV, Aarnes said. However, he said ADI is continuing to invest in its portfolio and new products to position the business for an eventual housing-market recovery.
During the question-and-answer session, Aarnes said commercial security had returned to mid-single-digit growth and that the company had recovered most of the share it believes it lost during last year's enterprise resource planning, or ERP, system disruption. He cited demand trends in video surveillance, access control, fire and life safety, as well as the company's backlog and daily sales trends, as supporting confidence in the second half.
Margins Affected by Costs, Mix and Tariff Items
Gross profit increased $9 million from the prior-year period to $292 million, while gross margin expanded 50 basis points to 22.7%. Chief Financial Officer Mike Carlet said the quarter included about $20 million in tariff-related refunds from the U.S. government recorded in cost of goods, benefiting gross margin by approximately 160 basis points.
Excluding the refund effect, Carlet said gross margin faced pressure from a difficult comparison with prior-year tariff-related pricing actions, higher freight, fuel and tariff-related product costs, and business mix. Exclusive brands revenue, which is concentrated in the challenged residential market, declined nearly 3% year over year.
Adjusted EBITDA was $86 million, or 6.7% of revenue, compared with $95 million, or 7.4% of revenue, a year earlier. Selling, general and administrative expense rose $16 million to $206 million, largely reflecting merit and inflation-related employee costs, temporary rent costs from overlapping facilities, and higher allocated Resideo corporate expenses.
ADI reported net income of $6 million, compared with a net loss of $283 million in the second quarter of 2025. The prior-year period included $331 million of expense associated with the Honeywell indemnification agreement that was allocated to ADI.
Cost Program and Exclusive Brands Strategy
Management said its One ADI initiative is intended to simplify operations and improve the customer experience through the company's fully implemented ERP platform and enterprise data capabilities. The initiative includes consolidating systems and websites, standardizing processes, optimizing pricing, and modernizing distribution and store operations.
ADI expects approximately $30 million of gross savings in 2026 from organizational alignment, Snap One integration synergies, and optimization of its store, distribution and technology footprint. Most of the benefit is expected in the second half, according to Carlet. Actions taken to date are expected to generate about $60 million of annualized gross savings, and the company continues to target at least $80 million in annualized gross savings by the end of 2027.
Aarnes said exclusive brands represented roughly 18% of 2025 revenue and carry a meaningfully higher margin profile. While a majority of the approximately $800 million exclusive-brands business is tied to residential AV, ADI plans to increase attachment of those products across its legacy customer base and expand selected offerings into commercial applications.
Management also discussed a transition away from a significant supplier that it said no longer meets market needs. Carlet said the change is expected to create about $6 million of second-half gross-margin headwinds, split roughly evenly between one-time inventory-transition costs and lower margins on alternative products. He said ADI has already completed most of the transition and does not expect a material revenue impact.
Outlook, Cash Flow and Leverage
ADI expects second-half revenue growth in the mid-single digits, with average daily sales growth about two percentage points higher because of four fewer selling days. The outlook assumes continued commercial-category strength and does not assume a recovery in residential AV.
The company said it expects second-half gross-margin rates to be consistent with first-half levels excluding the second-quarter tariff rebates. At the midpoint of guidance, standalone adjusted EBITDA is expected to rise modestly year over year in the second half, supported by stronger revenue growth and slightly lower operating expenses, partially offset by gross-margin pressure.
For full-year 2026, ADI projected:
Revenue of $4.95 billion to $5.0 billion.
Pro forma standalone adjusted EBITDA of $275 million to $295 million.
Net cash used in operating activities was $76 million during the first half, compared with $32 million of cash provided a year earlier. Carlet attributed the change primarily to working-capital use, including supplier-payment timing and higher inventory levels, along with annual cash payments concentrated in the first half. He said operating cash flow is expected to improve in the second half.
Following the spin-off, ADI had approximately $1 billion of long-term debt and about $150 million of cash, resulting in net debt of roughly $850 million and net leverage of approximately 3.0 times adjusted EBITDA. Including its undrawn $500 million revolving credit facility, the company said it began as an independent company with $650 million of liquidity.
ADI's near-term capital allocation priority is reducing leverage toward its long-term target of about 2.0 times total net leverage, while retaining flexibility for organic investments and potential tuck-in acquisitions.
About ADI Global Distribution Inc. Common Stock (NYSE:ADIG)ADI Global Distribution, Inc is a wholesale distributor serving the security, low-voltage, and smart-building technology markets. The company supplies products from multiple manufacturers to professional installers, systems integrators, contractors, and other channel partners rather than selling primarily to consumers.
Its product categories include video surveillance equipment, access-control systems, intrusion and fire-alarm products, networking and data-communications equipment, audio-visual solutions, smart-home technologies, and related wire, cable, and installation accessories.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Analog Devices ve fiskálním 2Q 2026 zvýšily průmyslové tržby o 56 % meziročně na 1,80 miliardy USD. Firma čeká upravenou provozní marži kolem 49 % a upravený EPS 3,30 USD.
Key Takeaways Analog Devices' industrial revenues surged 56% year over year to $1.80 billion in fiscal Q2 2026.Data center applications accounted for 75% of Communications revenues, growing more than 90% year over year.ADI expects a 49% adjusted operating margin and $3.30 adjusted EPS in fiscal Q2 2026.
Analog Devices (ADI - Free Report) is trading at a forward price-to-sales multiple of 11.49x much above the broader sector’s 8.6x. This overvaluation is further supported by a Zacks Value Score of D.
ADI Forward 12-Month (P/S) Valuation Chart
Image Source: Zacks Investment Research
Shares of ADI have rallied 41.7% year to date, outperforming the Zacks Semiconductor - Analog and Mixed industry and Zacks Computer and Technology sector’s appreciation of 41.2% and 16.8%, respectively.
ADI YTD Performance Chart
Image Source: Zacks Investment Research
The rise in the stock price has been driven by the restoration of investors’ confidence in a broad-based recovery in ADI’s industrial segment and AI-related data center demand driving higher utilization and favorable mix.
Given the dynamics, investors are wondering if it is the right time to invest in ADI stock. Let’s delve deeper into the fundamentals and financials to know if it is the right time to buy, sell or retain ADI stock.
ADI Benefits From Industrial and Data Center StrengthAnalog Devices’ industrial segment accounted for 50% of second-quarter fiscal 2026 revenues, rising 56% year over year and 20% sequentially to $1.80 billion. All industrial businesses posted both year-over-year and sequential growth, led by aerospace and defense, automated test equipment (ATE), energy management and broad-market applications.
ADI’s data center and ATE businesses are experiencing strong growth. The increasing adoption of higher-voltage architectures, particularly 48V and 54V systems, along with vertical power solutions, is expanding the company’s addressable market. Meanwhile, DC power control and multiphase controllers are helping customers efficiently regulate power for GPUs and CPUs.
Optical connectivity is providing another growth opportunity as AI networking increasingly moves toward optical circuit switching. ADI’s precision control and monitoring technologies help customers increase bandwidth density while lowering the cost per bit. The company’s industrial businesses grew more than 40% during the first half of fiscal 2026, although they remain below previous cycle peaks, with channel inventories still lean.
ADI’s broad portfolio of high-performance sensing, signal-chain, power-management and connectivity solutions is also benefiting from the transition toward digital factories and next-generation robotics across semiconductor manufacturing, biopharmaceuticals and data centers.
Communications accounted for 15% of second-quarter fiscal 2026 revenues and climbed 79% year over year and 22% sequentially to $554.7 million, fueled by ongoing AI infrastructure investments. Data center applications now contribute more than 75% of Communications revenues and grew over 90% year over year, with both optical and power businesses recording similar growth.
ADI Sustains Margins Despite Competitive PressureADI competes with Texas Instruments (TXN - Free Report) , STMicroelectronics (STM - Free Report) and NXP Semiconductors (NXPI - Free Report) . Texas Instruments competes across analog, digital and mixed-signal solutions, including precision sensing and power-management products for consumer electronics. NXP is a major provider of analog and mixed-signal semiconductor solutions for mobile, connectivity and consumer applications, including front-end, power-management and mixed-signal products, particularly for mobile and IoT markets.
Texas Instruments also targets the automotive market through analog sensors, power ICs, in-vehicle networking and signal-chain products, as well as driver-assistance electronics. STMicroelectronics competes with ADI through products including MEMS and inertial sensors, analog front ends, interface ICs and microcontrollers. While competition from these major semiconductor players has prompted ADI to increase research and development as well as sales and marketing investments at double-digit rates, strong revenue growth has helped the company maintain its margins.
Despite higher operating and capital expenditures and intense competitive pressure, ADI has continued to expand its margins, with profitability improving over recent quarters. For the second quarter of fiscal 2026, ADI expects a reported operating margin of approximately 39% (+/- 150 basis points), and an adjusted operating margin of about 49% (+/-100 basis points). Adjusted earnings are expected to be $3.30 per share (+/- 15 cents).
The Zacks Consensus Estimate for third-quarter fiscal 2026 earnings is pinned at $3.33 per share, implying 62% year-over-year growth. The consensus estimate has been revised upward over the past 30 days.
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Conclusion: Buy ADI NowAlthough ADI’s elevated valuation could contribute to near-term volatility, its leadership in analog and mixed-signal semiconductors, exposure to long-term growth trends such as AI, automation and industrial digitization, and solid execution make the stock appealing for long-term investors. Based on these factors, we recommend that investors consider this Zacks Rank #2 (Buy) stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Akcie Analog Devices uzavřely o 2,78 % výše na 382,81 USD a překonaly denní růst indexu S&P 500. Před dnešním obchodováním ale zaostávaly, když od začátku roku ztratily 16,39 %.
In the latest trading session, Analog Devices (ADI - Free Report) closed at $382.81, marking a +2.78% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.89%. At the same time, the Dow added 0.74%, and the tech-heavy Nasdaq gained 1.29%.
Prior to today's trading, shares of the semiconductor maker had lost 16.39% lagged the Computer and Technology sector's loss of 6.6% and the S&P 500's loss of 0.63%.
The upcoming earnings release of Analog Devices will be of great interest to investors. The company is expected to report EPS of $3.33, up 62.44% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $3.92 billion, indicating a 36.25% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.42 per share and revenue of $14.55 billion, indicating changes of +59.44% and +32.03%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Analog Devices. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.85% upward. At present, Analog Devices boasts a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Analog Devices is currently exchanging hands at a Forward P/E ratio of 29.98. This indicates a discount in contrast to its industry's Forward P/E of 47.35.
It is also worth noting that ADI currently has a PEG ratio of 1.04. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Semiconductor - Analog and Mixed industry had an average PEG ratio of 0.96 as trading concluded yesterday.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 17, finds itself in the top 7% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
In the latest trading session, Analog Devices (ADI - Free Report) closed at $379.03, marking a -2.52% move from the previous day. This move lagged the S&P 500's daily loss of 0.45%. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 1.16%.
The semiconductor maker's shares have seen a decrease of 3.73% over the last month, not keeping up with the Computer and Technology sector's gain of 0.38% and the S&P 500's gain of 2.14%.
Investors will be eagerly watching for the performance of Analog Devices in its upcoming earnings disclosure. On that day, Analog Devices is projected to report earnings of $3.33 per share, which would represent year-over-year growth of 62.44%. Meanwhile, the latest consensus estimate predicts the revenue to be $3.93 billion, indicating a 36.28% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $12.41 per share and a revenue of $14.58 billion, indicating changes of +59.31% and +32.29%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Analog Devices. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Analog Devices possesses a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Analog Devices is currently trading at a Forward P/E ratio of 31.33. This expresses a discount compared to the average Forward P/E of 52.25 of its industry.
Meanwhile, ADI's PEG ratio is currently 1.09. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Semiconductor - Analog and Mixed industry had an average PEG ratio of 1.01.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 16, putting it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Společnost Analog Devices dokončila akvizici společnosti Empower Semiconductor, čímž posiluje své postavení v oblasti napájení pro AI a rozšiřuje svůj adresovatelný trh.
, /PRNewswire/ -- Analog Devices, Inc. (NASDAQ: ADI) today announced the completion of its acquisition of Empower Semiconductor. The combination further strengthens ADI's position as a leading strategic, system-level grid-to-core power partner across the entire AI ecosystem, expanding ADI's total addressable market and capabilities in AI compute power delivery.
Commentary
Analog Devices completes acquisition of Empower Semiconductor "Today marks an exciting milestone as we welcome the Empower team to ADI and take an important step forward in solving one of the most complex challenges in modern electronics – power delivery for the AI era," said Vincent Roche, CEO and Chair at ADI. "AI infrastructure is fundamentally reshaping how power must be delivered, with energy now one of the most persistent constraints to scaling next-generation systems. Empower's breakthrough technology is designed to directly address this bottleneck, unlocking new levels of efficiency and performance for AI processors. Leveraging ADI's technology and scale, we will help customers rearchitect their power systems and achieve the compute densities next-generation AI demands. The impact will extend well beyond AI data centers to any domain where energy constrains what is possible." 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.
Forward-Looking Statements
This press release contains forward-looking statements, which address a variety of subjects including, for example, the expected benefits of the transaction; ADI's expected product offerings and benefits of those offerings, product development, and technical advances resulting from the transaction; and other future events. Statements that are not historical facts, including statements about our beliefs, plans, and expectations, are forward-looking statements. Such statements are based on our current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: unforeseen or unknown liabilities; costs or expenses related to the transaction; the inability to retain key personnel; difficulties in integrating the acquired business; the risk that expected benefits of the transaction may not be realized or may take longer to realize than expected; and uncertainty as to the long-term value of our common stock. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, including the risk factors contained in our most recent Annual Report on Form 10-K. Forward-looking statements represent management's current expectations and are inherently uncertain. Except as required by law, we do not undertake any obligation to update forward-looking statements made by us to reflect subsequent events or circumstances.
CONTACT:
Jeff Ambrosi
Senior Director, Investor Relations
Analog Devices
[email protected]
(781) 461-3282
Ferda Millan
Global PR and External Communications
Analog Devices
[email protected]
(408) 373-1854
Analog Devices za prvních šest měsíců fiskálního roku 2026 zvýšil provozní cash flow na 2,24 mld. USD, meziročně o 15 %. Firma zároveň buduje strategické zásoby pro datová centra a automatizované testovací vybavení.
Key Takeaways ADI generated $2.24B operating cash flow in fiscal 2026's first six months, up 15% year over year.Analog Devices keeps capital spending modest, supporting strong cash conversion and growth. ADI is building strategic inventory to meet demand in data center and automated test equipment markets. Analog Devices (ADI - Free Report) has a strong cash flow profile supported by high gross margins, low capital intensity and disciplined capital allocation. During the first six months of fiscal 2026, the company generated operating cash flow of $2.24 billion, up 15% year over year, while capital expenditures increased only modestly to $247 million.
Analog Devices’ operating cash flow of $5.1 billion and free cash flow were $4.6 billion on a trailing 12-month basis or 40% and 36% of revenue, respectively. This highlights ADI's ability to convert a significant portion of its revenues into cash. The improvement in operating cash flow was primarily driven by a sharp increase in profitability.
ADI's modest capital expenditure requirements, expected to remain within 4-6% of annual revenues, continue to support exceptional cash conversion. Combined with $3.4 billion in cash, net leverage of just 0.8x and disciplined shareholder distributions, ADI remains well-positioned to fund growth initiatives while maintaining one of the highest-quality cash flow profiles in the analog semiconductor industry.
However, in the past six months, ADI’s strong earnings were partially offset by a significant working capital outflow, as operating assets and liabilities consumed $799 million of cash compared with just $36 million in the prior year. Beyond this risk, Analog Devices’ higher inventories and receivables reflected strategic inventory builds and increased shipments rather than weakening demand,
ADI ended the quarter with inventory at 168 days and channel inventory stable at six to seven weeks, levels that management considers healthy and manageable. The company is intentionally building strategic inventory to support future demand, particularly as data center and automated test equipment markets continue to experience strong growth.
How Competitors Fare Against Analog DevicesAnalog Devices competes with Texas Instruments (TXN - Free Report) and Broadcom (AVGO - Free Report) in the semiconductor market. Texas Instruments competes with ADI in industrial signal chains, precision sensing and power management, especially in PLCs, factory automation and motor control.
Broadcom is strong in networking, data center, broadband, Wi-Fi, Ethernet PHYs and switches. In the communications segment, Broadcom mainly competes with its high-speed connectivity, optical/wireline networking equipment, and cable or broadband IC portfolio.
Despite strong competition from Texas Instruments and Broadcom, Analog Devices has enough scope to grow in the communications space as new 5G technology is being introduced, which gives scope for expansion to all the players.
ADI’s Price Performance, Valuation and EstimatesShares of ADI have gained 62.6% in the past 12 months compared with the Zacks Semiconductor - Analog and Mixed industry’s growth of 61.9%.
ADI Past 12-Month Performance Chart
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From a valuation standpoint, ADI trades at a forward price-to-sales ratio of 11.93X, higher than the industry’s average of 9.52X.
ADI Forward 12-Month (P/S) Valuation Chart
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for ADI’s fiscal 2026 and 2027 earnings implies year-over-year growth of 59% and 14%, respectively. The consensus estimate for fiscal 2026 and 2027 has remained unchanged in the past 30 days.
Image Source: Zacks Investment Research
ADI currently sports a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Akcie Analog Devices (ADI) v poslední seanci vzrostly o 1,15 % na 417,93 USD, zatímco S&P 500 klesl. Analytici čekají zisk 3,33 USD na akcii a tržby 3,93 miliardy USD.
In the latest close session, Analog Devices (ADI - Free Report) was up +1.15% at $417.93. This change outpaced the S&P 500's 0.01% loss on the day. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq lost 0.46%.
Heading into today, shares of the semiconductor maker had lost 0.89% over the past month, outpacing the Computer and Technology sector's loss of 2.57% and the S&P 500's loss of 1.4%.
Investors will be eagerly watching for the performance of Analog Devices in its upcoming earnings disclosure. In that report, analysts expect Analog Devices to post earnings of $3.33 per share. This would mark year-over-year growth of 62.44%. Alongside, our most recent consensus estimate is anticipating revenue of $3.93 billion, indicating a 36.28% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $12.41 per share and revenue of $14.58 billion, which would represent changes of +59.31% and +32.29%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Analog Devices. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.8% higher. Analog Devices presently features a Zacks Rank of #2 (Buy).
With respect to valuation, Analog Devices is currently being traded at a Forward P/E ratio of 33.29. This denotes a discount relative to the industry average Forward P/E of 59.62.
One should further note that ADI currently holds a PEG ratio of 1.16. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Semiconductor - Analog and Mixed was holding an average PEG ratio of 1.1 at yesterday's closing price.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 5, positioning it in the top 3% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Analog Devices ve 2. fiskálním čtvrtletí 2026 zvýšil hrubou marži na 73 % z 69,4 % a provozní marži na 49 %. Tahounem byl průmyslový segment, který tvořil 50 % tržeb a meziročně vzrostl o 56 %.
Key Takeaways ADI's Q2 fiscal 2026 gross margin rose to 73% from 69.4%, while operating margin reached 49%.ADI's Industrial segment, 50% of revenue, grew 56% year over year and 20% sequentially.ADI's Data Center revenues jumped more than 90%, driven by demand for AI infrastructure solutions. Analog Devices’ (ADI - Free Report) margins have been improving for the past several quarters. In the second quarter of fiscal 2026, ADI posted a gross margin of 73%, up from 69.4% in the year-ago quarter. ADI’s adjusted operating margin was 49% in the second quarter of fiscal 2026 compared with 41.2% in the previous year quarter.
The pattern has remained similar for the past six months, suggesting Analog Devices’ strong, profitable business model across segments. ADI has been riding on a combination of a favorable business mix, higher factory utilization, pricing strength and disciplined operational execution.
The company’s growth is accelerating, driven by ADI's highest-value markets, including Industrial, Aerospace & Defense, Automated Test Equipment (ATE), Electronic Test & Measurement (ETM), Data Center, and advanced Automotive applications. These businesses typically command premium pricing due to their performance requirements, long product lifecycles and mission-critical nature.
Industrial remains ADI's most profitable business and was the primary growth engine during the quarter. It accounted for 50% of revenues. Industrial grew 56% year over year and 20% sequentially. Management highlighted Aerospace & Defense, ATE, ETM, and the broad market business as key contributors.
Importantly, Industrial businesses beyond ATE and Aerospace grew more than 40% during the first half of fiscal 2026, indicating broad-based strength across automation, energy, healthcare and industrial automation markets. Communications was the fastest-growing end market, increasing 79% year over year. Within this segment, Data Center revenues surged more than 90%, driven by strong demand for ADI's optical and power solutions supporting AI infrastructure.
Management described both the Data Center and ATE businesses as being on steep growth trajectories with confidence extending into 2027. Overall, ADI's margin expansion is being fueled by rapid growth in its highest-margin, most differentiated businesses, creating a powerful combination of revenue acceleration and operating leverage.
How Competitors Fare Against Analog DevicesAnalog Devices competes with Texas Instruments (TXN - Free Report) in the industrial segment and with Broadcom (AVGO - Free Report) in the communications segment, which are also two of ADI’s strongest segments in terms of revenue growth and profit margin.
Texas Instruments competes with ADI in industrial signal chains, precision sensing and power management, especially in PLCs, factory automation and motor control. STMicroelectronics competes in industrial MCUs, motor drivers, sensors and automation systems. In the Communications segment, Texas Instruments competes with ADI in analog/mixed-signal, RF front-ends, power amp/driver ICs, ADCs/DACs in infrastructure and wireless systems.
Broadcom is strong in networking, data center, broadband, Wi-Fi, Ethernet PHYs and switches. In the communications segment, Broadcom mainly competes with its high-speed connectivity, optical / wireline networking equipment and cable or broadband IC portfolio. Despite strong competition from Texas Instruments and Broadcom, Analog Devices has enough scope to grow in the communications space as new 5G technology is being introduced, which gives scope for expansion to all the players.
ADI’s Price Performance, Valuation and EstimatesShares of ADI have gained 60.2% year to date compared with the Zacks Semiconductor - Analog and Mixed industry’s growth of 69.7%.
ADI YTD Performance Chart
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From a valuation standpoint, ADI trades at a forward price-to-sales ratio of 13.43X, higher than the industry’s average of 10.88X.
ADI Forward 12-Month (P/S) Valuation Chart
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for ADI’s fiscal 2026 and 2027 earnings implies year-over-year growth of 59% and 14%, respectively. The consensus estimate for fiscal 2025 and 2026 has remained unchanged in the past 30 days.
Image Source: Zacks Investment Research
ADI currently sports a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
