Analog Devices (NASDAQ:ADI) Posts Earnings Results, Beats Estimates By $0.20 EPS

Analog Devices (NASDAQ:ADI) posted its quarterly earnings results on Wednesday. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.20, FiscalAI reports. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.51 billion. Analog Devices updated its Q3 2026 guidance to 3.150-3.450 EPS.

Analog Devices Price Performance

Shares of ADI stock opened at $414.31 on Wednesday. Analog Devices has a 1-year low of $206.00 and a 1-year high of $435.72. The stock’s 50-day moving average is $357.19 and its 200 day moving average is $313.00. The company has a market cap of $202.27 billion, a P/E ratio of 75.74, a PEG ratio of 1.68 and a beta of 1.19. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.35.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Bank of America increased their price target on Analog Devices from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Truist Financial increased their price target on Analog Devices from $291.00 to $364.00 and gave the stock a “hold” rating in a research report on Thursday, February 19th. Jefferies Financial Group reissued a “buy” rating and set a $410.00 price target on shares of Analog Devices in a research report on Thursday, February 19th. Cantor Fitzgerald increased their price target on Analog Devices from $400.00 to $510.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings downgraded Analog Devices from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $381.27.

Insider Transactions at Analog Devices

In other Analog Devices news, CAO Michael Sondel sold 4,199 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $361.02, for a total value of $1,515,922.98. Following the completion of the sale, the chief accounting officer directly owned 14,740 shares in the company, valued at approximately $5,321,434.80. This trade represents a 22.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $397.91, for a total value of $3,979,100.00. Following the completion of the sale, the chief executive officer owned 187,538 shares of the company’s stock, valued at approximately $74,623,245.58. This trade represents a 5.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 24,199 shares of company stock worth $8,676,423. 0.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Analog Devices

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADI. Bank of America Corp DE raised 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 buying an additional 2,912,666 shares during the last quarter. Amundi raised its stake in Analog Devices by 44.8% in the third 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. raised its stake in Analog Devices by 29.2% in the third 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 during the last quarter. Rafferty Asset Management LLC raised its stake 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 valued at $428,992,000 after buying an additional 580,546 shares during the last quarter. Finally, Lansdowne Partners UK LLP raised its stake 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 valued at $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.

Key Stories Impacting Analog Devices

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

• Positive Sentiment: ADI is acquiring Empower Semiconductor to expand its high-density power portfolio and better serve AI infrastructure customers, potentially increasing its addressable market in a fast-growing segment. Analog Devices to Acquire Empower Semiconductor, Expanding its Next-Generation High-Density Power Portfolio for the AI Era
• Positive Sentiment: The acquisition could improve Analog Devices’ position as a system-level power partner for hyperscalers and AI chip developers, reinforcing the company’s AI growth story ahead of earnings. Analog Devices in talks to buy Empower Semiconductor for $1.5 billion, Bloomberg News reports
• Neutral Sentiment: Broader market weakness and rising yields weighed on technology stocks, which may have tempered sentiment even as AI-related chip names held up relatively well. Dow Jones Futures: Stocks Fall As Yields Jump; Micron, Sandisk, Astera Rise With Nvidia Earnings Due
• Neutral Sentiment: Analysts and pre-earnings commentary have also highlighted ADI’s existing momentum in industrial, communications, robotics, and AI infrastructure, adding to expectations going into results. Should You Buy, Sell or Hold ADI Stock Before Q2 Earnings?

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.