ADI

Analog Devices
D

ADI

Arincen80/100B

If you had invested in Analog Devices ago, it would be worth $6,893 today, against $4,128 in SPY and $6,186 in QQQ.

ArincenArincen ScoreBeta

80/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Analog Devices key facts

Style
Growth stock · 9.1/10Growth 9.1 · Value 5.1 · Dividend 4.4
Day range
354.73 – 374.50
52-week range
223.47 – 445.91
Market capitalization
175.99B USD
P/E
42.88
EPS
8.47
Div Yield
1.21%
EPS growth forecast (FY2026)
+65.4%
Volume
237,664
Sector
Technology
Industry
Semiconductors
CEO
Vincent T. Roche
Employees
25K
Website
analog.com
IPO date
17 Mar 1980

Analog Devices earnings

Next earnings · Q4 FY2026
EPS estimate
3.89 USD
Revenue estimate
4.32B USD
Last quarter · Q3 FY2026
EPS3.45Beat +3.3%Revenue4.02BBeat +2.6%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20274.36——+26.32%4.77B——+18.72%
Q2 FY20274.11——+32.91%4.55B——+25.56%
Q1 FY20273.87——+57.19%4.35B——+37.71%
Q4 FY20263.89——+72.12%4.32B——+40.48%
Q3 FY20263.343.45+3.29%+68.29%3.92B4.02B+2.62%+39.64%
Q2 FY20262.893.09+6.92%+67.03%3.51B3.62B+3.14%+37.25%
Q1 FY20262.312.46+6.49%+50.92%3.12B3.16B+1.37%+30.42%
Q4 FY20252.242.26+0.89%+35.33%3.00B3.08B+2.39%+25.90%
Q3 FY20251.952.05+5.13%+29.75%2.77B2.88B+4.04%+24.57%
Q2 FY20251.701.85+8.82%+32.14%2.51B2.64B+5.05%+22.28%

Analog Devices analyst forecast

12-month price target
480.24 USD
+32.22%

Analysts' 1-year price targets range from 405.00 to 675.00, with an average of 480.24.

Past year
1-year forecast
Strong sellStrong buy
Strong buy
27 ratings
Strong buy
0
Buy
24
Hold
3
Sell
0
Strong sell
0

12-month price target

Highest target675.00
Average target480.24
Lowest target405.00
Current price363.20

Analog Devices valuation

Price to earnings ratio (TTM)
42.88
Forward P/E (FY2027)
21.60
Price to sales (TTM)
12.68
Price to book
5.25
EV / EBITDA (TTM)
26.02

Capital structure

Market capitalization
175.99B USD
+
Total debt
9.12B USD
−
Cash and short-term investments
2.32B USD
=
Enterprise value
182.79B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)18.23————
FY2027 (est.)21.6018.23———
FY2026 (est.)28.2021.60———
Now (TTM)42.8821.5312.685.2526.02
FY202551.0118.2010.503.4224.24
FY202468.3329.1011.873.1827.96
FY202324.3350.676.552.2714.06
FY202227.3914.376.262.0614.36
FY202149.5718.409.421.8128.51

Analog Devices against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: KLA, QUALCOMM, Texas Instruments, Marvell Technology, Lam Research, and Applied Materials, the US Semiconductors companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median42.9
    21.078.6
  • Gross marginBelow its median61.5%
    57.1%66.4%
    Against its peers: 1 of 7Peers' median 53.2%
  • Operating marginAt its median26.6%
    21.6%31.1%
    Against its peers: 6 of 7Peers' median 31.6%
  • Net marginAt its median20.6%
    17.3%26.9%
    Against its peers: 6 of 7Peers' median 29.8%
  • Return on equityAt its median6.7%
    3.7%9.3%
    Against its peers: 7 of 7Peers' median 32.5%
  • Free cash flow marginHighest in 5 years38.8%
    28.9%38.8%
    Against its peers: 1 of 7Peers' median 20.6%
  • Revenue growthAt its median16.9%
    -23.4%64.2%
    Against its peers: 3 of 7Peers' median 13.4%
  • EPS growthAbove its median39.0%
    -49.9%51.7%
    Against its peers: 1 of 6Peers' median 4.8%
  • Debt to EBITDAAt its median1.72×
    1.14×2.64×
    Against its peers: 6 of 7Peers' median 1.04×
  • Current ratioHighest in 5 years2.19
    1.372.19
    Against its peers: 6 of 7Peers' median 2.72

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Analog Devices growth and profitability

Revenue (TTM)
13.88B USD
Net income (TTM)
4.14B USD
Gross margin
65.80%
Operating margin
35.55%
Net margin
29.79%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202511.02B+16.89%2.27B+38.65%61.47%26.61%20.58%5.03B+19.62%
FY20249.43B-23.39%1.64B-50.66%57.08%21.56%17.35%4.20B-31.82%
FY202312.31B+2.43%3.31B+20.59%64.01%31.07%26.94%6.17B+10.17%
FY202212.01B+64.16%2.75B+97.68%64.96%27.29%22.88%5.60B+116.24%
FY20217.32B+30.61%1.39B+13.90%66.36%23.12%19.00%2.59B+11.76%

Analog Devices revenue breakdown

By product

FY2025
Industrial: 44.7%Automotive: 29.7%Consumer: 13.0%Communications: 12.5%44.7%Industrial29.7%Automotive13.0%Consumer12.5%Communications
SegmentRevenueShare of revenueChange on the year
Industrial4.93B44.7%+14.3%
Automotive3.28B29.7%+15.9%
Consumer1.43B13.0%+19.1%
Communications1.38B12.5%+27.5%

By region

FY2025
Non-US: 41.4%United States: 17.2%China: 15.2%Europe: 12.2%Rest of Asia: 7.9%Japan: 5.3%Rest of North and South America: 0.9%41.4%Non-US17.2%United States15.2%China12.2%Europe7.9%Rest of Asia5.3%Japan
RegionRevenueShare of revenueChange on the year
Non-US7.78B41.4%—
United States3.24B17.2%+14.0%
China2.86B15.2%+34.3%
Europe2.29B12.2%+8.3%
Rest of Asia1.49B7.9%+23.7%
Japan989.92M5.3%-8.8%
Rest of North and South America162.47M0.9%+160.7%

How Analog Devices makes its money

Industrial4.93B 44.7%
Automotive3.28B 29.7%
Consumer1.43B 13.0%
Communications1.38B 12.5%
Revenue11.02B 100.0%
Cost of revenue4.25B 38.5%
Gross profit6.77B 61.5%
Research and development1.77B 16.0%
Selling and administration1.26B 11.4%
Other operating expenses819.64M 7.4%
Operating income2.93B 26.6%
Tax444.77M 4.0%
Other expense220.38M 2.0%
Net income2.27B 20.6%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Analog Devices dividends

Annual dividend
4.40 USD
Dividend yield (indicated)
1.21%
Payout ratio
50.65%
Years of dividend growth
23
Frequency
Quarterly
Last payment
1.10 USD
Last ex-dividend date
1 Sept 2026
Last payment date
15 Sept 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share3.963.683.443.042.762.482.161.921.801.68

Analog Devices financial health

Cash and short-term investments
2.32B USD
Total debt
9.12B USD
Net cash
-6.80B USD
Free cash flow (TTM)
4.94B USD
Current ratio
1.25
Debt to equity
0.27
Piotroski score
8 / 9
Altman Z-score
8.96

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20253.65B8.66B4.28B
FY20242.36B7.65B3.12B
FY2023958.06M7.01B3.56B
FY20221.47B6.60B3.78B
FY20211.98B6.82B2.39B

Analog Devices ownership

Institutions
91.34%
Institutional holders
2,381 (+167)
Free float
99.75%

Who owns the shares

Institutions 91.3% Others 8.7%
As of 30 Jun 2026

Shares free to trade

Free float 483.35M shares ·99.7% Closely held 1.22M shares ·0.3%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 202601920.00K67.64K
Q3 202605930.00K101.62K
Q2 2026046104.19K183.85K
Q1 2026052122.32K177.88K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025494.38M496.71M-0.40%
FY2024496.17M498.70M-1.44%
FY2023502.23M505.96M-3.29%
FY2022519.23M523.18M+30.37%
FY2021397.46M401.29M+7.88%

Source: Financial Modeling Prep

Related Instruments News

Title: Analog Devices

Sector: Technology
Industry: Semiconductors
Analog Devices Inc., commonly known as Analog, is an American global semiconductor company that specializes in the design and development of data conversion, signal processing and power management technology. Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, automobiles, portable consumer devices, and more. The company was founded by Raymond P. Stata and Matthew Lorber in 1965 and is headquartered in Wilmington, Massachusetts.

Common questions about Analog Devices stock

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