Analog Devices (NASDAQ:ADI) Issues Quarterly Earnings Results

Analog Devices (NASDAQ:ADI) posted its quarterly earnings data on Wednesday. The semiconductor company reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.11, Zacks reports. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. Analog Devices updated its Q4 2026 guidance to 3.710-4.010 EPS.

Analog Devices Price Performance

Analog Devices stock opened at $376.63 on Wednesday. The firm has a market capitalization of $183.45 billion, a P/E ratio of 55.96, a PEG ratio of 1.01 and a beta of 1.20. Analog Devices has a 1 year low of $223.47 and a 1 year high of $445.91. The business has a 50-day moving average of $390.37 and a 200-day moving average of $370.30. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21.

More Analog Devices News

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: ADI posted record fiscal third-quarter revenue of $4.02 billion, up 40% year over year, while non-GAAP EPS of $3.45 exceeded the consensus estimate by $0.11. Industrial revenue increased 53% and communications revenue climbed 84%, highlighting strong demand in key end markets. Analog Devices Non-GAAP EPS and Revenue Results
• Positive Sentiment: Management raised fourth-quarter guidance above Wall Street expectations, calling for EPS of $3.71–$4.01 versus a $3.53 consensus and revenue of $4.2–$4.4 billion versus $4.1 billion expected. The midpoint implies continued momentum into the next quarter.
• Positive Sentiment: Cash generation remains strong, with $5.5 billion of trailing-12-month operating cash flow and $4.9 billion of free cash flow. ADI returned approximately $1.7 billion to shareholders and declared a quarterly dividend of $1.10 per share. Analog Devices Fiscal Third Quarter 2026 Financial Results
• Neutral Sentiment: Analyst sentiment remains favorable: Cantor Fitzgerald reaffirmed an Overweight rating with a $550 price target, while the reported six-month median target is $460. These targets suggest analysts see additional upside, although they may not immediately affect trading.
• Negative Sentiment: ADI’s valuation remains demanding, with a P/E ratio near 56, leaving the stock vulnerable to profit-taking even after strong results. The shares also entered the report under pressure amid weakness in semiconductor and AI stocks, higher Treasury yields and concerns about rich technology valuations.
• Negative Sentiment: Reported insider activity has been heavily skewed toward selling: insiders made 81 sales and no purchases during the past six months. While such transactions may be routine, the pattern can add to investor caution.

Insider Activity

In other Analog Devices news, Director Karen Golz sold 1,000 shares of the stock in a transaction on Monday, July 13th. The shares were sold at an average price of $389.83, for a total value of $389,830.00. Following the sale, the director directly owned 11,019 shares in the company, valued at approximately $4,295,536.77. This trade represents a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the completion of the transaction, the senior vice president directly owned 56,332 shares of the company’s stock, valued at $23,546,776. This trade represents a 23.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 105,274 shares of company stock valued at $42,247,986. Insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Analog Devices

Several large investors have recently modified their holdings of ADI. Sunbelt Securities Inc. lifted its stake in Analog Devices by 2.0% in the fourth quarter. Sunbelt Securities Inc. now owns 3,891 shares of the semiconductor company’s stock valued at $1,055,000 after buying an additional 76 shares in the last quarter. Compound Planning Inc. increased its position in shares of Analog Devices by 25.4% during the fourth quarter. Compound Planning Inc. now owns 4,928 shares of the semiconductor company’s stock worth $1,337,000 after acquiring an additional 997 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in shares of Analog Devices by 1,409.7% during the fourth quarter. Axxcess Wealth Management LLC now owns 14,493 shares of the semiconductor company’s stock worth $3,930,000 after acquiring an additional 13,533 shares during the period. Corient Private Wealth LLC lifted its position in Analog Devices by 22.8% in the 4th quarter. Corient Private Wealth LLC now owns 526,110 shares of the semiconductor company’s stock valued at $142,681,000 after acquiring an additional 97,535 shares in the last quarter. Finally, Blue Sparrow LLC DE bought a new stake in Analog Devices in the 4th quarter valued at $16,272,000. 86.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ADI has been the subject of a number of research reports. Argus set a $460.00 target price on Analog Devices in a research note on Tuesday, May 26th. Wells Fargo & Company upped their price objective on Analog Devices from $470.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Jefferies Financial Group lifted their target price on Analog Devices from $410.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Fundamental Research set a $550.00 price target on Analog Devices in a research note on Monday, June 29th. Finally, Bank of America lifted their price objective on Analog Devices from $425.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $441.00.

Analog Devices Company Profile

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.