Analog Devices (NASDAQ:ADI) Issues Q3 2026 Earnings Guidance

Analog Devices (NASDAQ:ADI) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 3.150-3.450 for the period, compared to the consensus EPS estimate of 2.990. The company issued revenue guidance of $3.8 billion-$4.0 billion, compared to the consensus revenue estimate of $3.6 billion.

Analog Devices Stock Performance

Shares of ADI stock opened at $398.05 on Thursday. The stock has a market capitalization of $194.33 billion, a PE ratio of 72.77, a price-to-earnings-growth ratio of 1.67 and a beta of 1.19. Analog Devices has a 52-week low of $206.00 and a 52-week high of $435.72. The stock’s 50-day moving average price is $358.76 and its 200 day moving average price is $314.16. The company has a quick ratio of 1.35, a current ratio of 1.76 and a debt-to-equity ratio of 0.21.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.20. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.The firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter in the previous year, the firm posted $1.85 EPS. The firm’s revenue for the quarter was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, equities research analysts forecast that Analog Devices will post 11.35 EPS for the current year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 2nd. Analog Devices’s payout ratio is currently 80.44%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Cantor Fitzgerald lifted their price objective on Analog Devices from $400.00 to $510.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. TD Cowen reaffirmed a “buy” rating on shares of Analog Devices in a report on Thursday, February 19th. Evercore reaffirmed an “outperform” rating and issued a $387.00 price objective on shares of Analog Devices in a report on Thursday, February 19th. Piper Sandler lifted their price objective on Analog Devices from $250.00 to $360.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Finally, JPMorgan Chase & Co. lifted their price objective on Analog Devices from $320.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Three analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $388.42.

Insider Activity at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $397.91, for a total transaction of $3,979,100.00. Following the sale, the chief executive officer owned 187,538 shares of the company’s stock, valued at $74,623,245.58. The trade was a 5.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Sondel sold 4,199 shares of the business’s stock in a transaction that occurred on 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 sale, the chief accounting officer directly owned 14,740 shares in the company, valued at $5,321,434.80. This trade represents a 22.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 24,199 shares of company stock worth $8,676,423 in the last three months. Corporate insiders own 0.36% of the company’s stock.

Key Stories Impacting Analog Devices

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

• Positive Sentiment: Analog Devices posted record fiscal Q2 results, with EPS of $3.09 beating estimates and revenue of $3.62 billion topping forecasts, showing broad-based year-over-year growth. Analog Devices Reports Record Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: The company also issued Q3 guidance above Wall Street estimates, signaling continued momentum in demand for its power-management chips and sensors amid the AI boom. Chipmaker Analog Devices forecasts third-quarter revenue above estimates amid AI boom
• Positive Sentiment: ADI said it will buy Empower Semiconductor for $1.5 billion in cash, expanding its AI data-center power portfolio and targeting a key bottleneck in next-generation AI infrastructure. Analog Devices to buy Empower Semiconductor for $1.5 billion to boost AI power portfolio
• Neutral Sentiment: Analysts responded positively, with Needham raising its target to $440 and reiterating a bullish stance, suggesting the earnings beat and AI strategy may support the long-term outlook. Analog Devices Wins Higher $440 Target on Strong Beat, Upgraded Outlook, and Empower Semiconductor AI Deal
• Negative Sentiment: Despite the strong numbers, the stock is getting hit by a likely sell-the-news reaction after a large year-to-date advance, and some investors may be weighing integration risk and the cash outlay from the Empower deal. Why is Analog Devices stock falling despite strong earnings and AI deal?

Institutional Investors Weigh In On Analog Devices

Several institutional investors have recently modified their holdings of ADI. Timmons Wealth Management LLC purchased a new stake in shares of Analog Devices during the 4th quarter worth approximately $40,000. Atlas Capital Advisors Inc. purchased a new stake in shares of Analog Devices during the 4th quarter worth approximately $44,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Analog Devices during the 4th quarter worth approximately $53,000. Prosperity Bancshares Inc acquired a new position in shares of Analog Devices during the 4th quarter worth approximately $65,000. Finally, Golden State Wealth Management LLC lifted its stake in Analog Devices by 15.6% in the 4th quarter. Golden State Wealth Management LLC now owns 303 shares of the semiconductor company’s stock valued at $82,000 after buying an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

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.