Analog Devices (NASDAQ:ADI) Issues Q2 2026 Earnings Guidance

Analog Devices (NASDAQ:ADI) issued an update on its second quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.730-3.030 for the period, compared to the consensus earnings per share estimate of 2.360. The company issued revenue guidance of $3.4 billion-$3.6 billion, compared to the consensus revenue estimate of $3.1 billion.

Analog Devices Trading Down 0.3%

Analog Devices stock opened at $345.30 on Friday. Analog Devices has a 12-month low of $158.65 and a 12-month high of $355.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.68. The stock has a market capitalization of $168.72 billion, a PE ratio of 63.13, a price-to-earnings-growth ratio of 1.99 and a beta of 1.03. The firm has a 50 day simple moving average of $300.90 and a 200-day simple moving average of $263.74.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.31 by $0.15. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.63 earnings per share. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. As a group, equities research analysts expect that Analog Devices will post 7.14 EPS for the current fiscal year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.99. The ex-dividend date is Tuesday, March 3rd. Analog Devices’s payout ratio is currently 86.84%.

Analyst Ratings Changes

ADI has been the topic of a number of research analyst reports. Bank of America lifted their target price on Analog Devices from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Wall Street Zen raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Stifel Nicolaus set a $405.00 target price on shares of Analog Devices in a research note on Wednesday. Evercore restated an “outperform” rating and set a $387.00 target price on shares of Analog Devices in a report on Thursday. Finally, Susquehanna lifted their price target on shares of Analog Devices from $360.00 to $400.00 and gave the stock a “positive” rating in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and a consensus target price of $366.96.

Insider Activity

In other Analog Devices news, SVP Martin Cotter sold 10,000 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $278.44, for a total transaction of $2,784,400.00. Following the sale, the senior vice president directly owned 49,664 shares of the company’s stock, valued at $13,828,444.16. The trade was a 16.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Katsufumi Nakamura sold 500 shares of the stock in a transaction on Friday, January 9th. The shares were sold at an average price of $301.46, for a total value of $150,730.00. Following the completion of the sale, the senior vice president owned 12,710 shares of the company’s stock, valued at $3,831,556.60. The trade was a 3.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 53,544 shares of company stock worth $15,320,417. 0.36% of the stock is owned by corporate insiders.

Trending Headlines about Analog Devices

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

• Positive Sentiment: Q1 results and raised Q2 outlook — ADI beat Q1 estimates (EPS $2.46 vs. $2.31 expected; revenue $3.16B) and issued Q2 guidance (EPS $2.73–3.03; revenue roughly $3.4B–$3.6B) well above Street forecasts, giving clear near-term revenue and margin upside. PR News Release
• Positive Sentiment: Analysts lift ratings and price targets — Several firms (JPMorgan, Wells Fargo, Benchmark, Needham, Cantor Fitzgerald, Stifel and others) raised ratings and large price targets (many to $360–$400), reflecting confidence in ADI’s AI/data-center and industrial end-market momentum. IBD: Price-Target Hikes
• Positive Sentiment: AI / data-center demand cited as a key growth driver — Management and reporters highlight record data-center orders and stronger industrial bookings, framing ADI as a beneficiary of the AI infrastructure cycle. Reuters: AI Fuels Chip Sales
• Positive Sentiment: Capital return and cash generation — ADI increased its quarterly dividend 11% (22nd consecutive annual raise) and reported very strong operating/free cash flow and buybacks, supporting shareholder returns. MarketBeat / Dividend Note
• Neutral Sentiment: Market reaction mixed — Despite the upbeat fundamentals, price action has been volatile (initial surge then consolidation); some of today’s slight weakness looks like profit-taking or broader market pressure rather than company-specific deterioration. Yahoo: Deep Dive
• Neutral Sentiment: Short interest and mechanics — Public short-interest data in these feeds shows negligible days-to-cover; it’s not currently a significant risk/driver. (Data reports show effectively 0 days to cover based on average volume.)
• Negative Sentiment: Insider selling and allocation shifts — Recent filings and coverage note substantial insider sales and mixed institutional activity (some large portfolio trims), which can cap near-term upside or contribute to volatility for ADI shares.

Institutional Trading of Analog Devices

Several hedge funds and other institutional investors have recently modified their holdings of ADI. Bank of America Corp DE grew its stake in Analog Devices by 42.8% in the fourth quarter. Bank of America Corp DE now owns 9,715,095 shares of the semiconductor company’s stock valued at $2,634,734,000 after purchasing an additional 2,912,666 shares in the last quarter. Amundi lifted its holdings in shares of Analog Devices by 44.8% during the 3rd quarter. Amundi now owns 6,215,129 shares of the semiconductor company’s stock valued at $1,507,740,000 after buying an additional 1,922,302 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Analog Devices by 29.2% in the 3rd quarter. Raymond James Financial Inc. now owns 4,829,931 shares of the semiconductor company’s stock valued at $1,186,714,000 after buying an additional 1,091,004 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in Analog Devices by 47.5% in the second quarter. Rafferty Asset Management LLC now owns 1,802,338 shares of the semiconductor company’s stock worth $428,992,000 after buying an additional 580,546 shares during the last quarter. Finally, Lansdowne Partners UK LLP increased its holdings in Analog Devices by 319.3% in the fourth quarter. Lansdowne Partners UK LLP now owns 634,754 shares of the semiconductor company’s stock worth $172,145,000 after buying an additional 483,353 shares during the last quarter. 86.81% of the stock is currently owned by hedge funds and other 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.