Analog Devices (NASDAQ:ADI) Issues Q4 2026 Earnings Guidance

Analog Devices (NASDAQ:ADI) issued an update on its fourth quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.710-4.010 for the period, compared to the consensus estimate of 3.530. The company issued revenue guidance of $4.2 billion-$4.4 billion, compared to the consensus revenue estimate of $4.1 billion.

Analog Devices Stock Down 3.5%

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

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.20. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.51 billion. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.Analog Devices’s revenue was up 37.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.85 earnings per share. Research analysts forecast that Analog Devices will post 12.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ADI. Barclays boosted their price target on shares of Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. TD Cowen upped their target price on Analog Devices from $450.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Argus set a $460.00 price target on shares of Analog Devices in a research note on Tuesday, May 26th. Truist Financial raised their price objective on Analog Devices from $364.00 to $405.00 and gave the company a “hold” rating in a research report on Wednesday, May 20th. Finally, Wall Street Zen upgraded Analog Devices from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $441.00.

Insider Activity at Analog Devices

In related news, Director Karen Golz sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $389.83, for a total value of $389,830.00. Following the transaction, the director owned 11,019 shares in the company, valued at approximately $4,295,536.77. This represents a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,432 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $48,169,745.25. This trade represents a 1.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 105,274 shares of company stock valued at $42,247,986 over the last quarter. Corporate insiders own 0.36% of the company’s stock.

Key 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Maia Wealth LLC raised its position in shares of Analog Devices by 2.0% in the fourth quarter. Maia Wealth LLC now owns 1,720 shares of the semiconductor company’s stock valued at $466,000 after purchasing an additional 34 shares during the period. Financial Engines Advisors L.L.C. lifted its position in Analog Devices by 1.8% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 2,205 shares of the semiconductor company’s stock valued at $598,000 after purchasing an additional 39 shares during the last quarter. Hohimer Wealth Management LLC increased its holdings in shares of Analog Devices by 1.4% in the 4th quarter. Hohimer Wealth Management LLC now owns 2,800 shares of the semiconductor company’s stock worth $759,000 after buying an additional 40 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Analog Devices by 15.6% during the 4th quarter. Golden State Wealth Management LLC now owns 303 shares of the semiconductor company’s stock worth $82,000 after acquiring an additional 41 shares during the last quarter. Finally, Jacobi Capital Management LLC grew its position in Analog Devices by 4.5% in the fourth quarter. Jacobi Capital Management LLC now owns 1,002 shares of the semiconductor company’s stock worth $272,000 after acquiring an additional 43 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

About Analog Devices

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.