Analog Devices (NASDAQ:ADI) Releases 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%

Shares of NASDAQ:ADI opened at $376.63 on Wednesday. Analog Devices has a 1 year low of $223.47 and a 1 year high of $445.91. The company has a market capitalization of $183.45 billion, a PE ratio of 55.96, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20. The business has a fifty day moving average price of $390.37 and a two-hundred day moving average price of $370.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34.

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

Analysts Set New Price Targets

A number of research firms have weighed in on ADI. Robert W. Baird boosted their target price on shares of Analog Devices from $365.00 to $450.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. KeyCorp lifted their price target on shares of Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. The Goldman Sachs Group reissued a “buy” rating and set a $450.00 price objective on shares of Analog Devices in a report on Wednesday, May 20th. Barclays boosted their target price on Analog Devices from $430.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Finally, Oppenheimer increased their price target on Analog Devices from $400.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Two equities research 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $441.00.

Insider Buying and Selling

In other Analog Devices news, Director Karen Golz sold 1,000 shares of Analog Devices stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $389.83, for a total transaction of $389,830.00. Following the completion of the transaction, the director owned 11,019 shares of the company’s stock, valued at $4,295,536.77. The trade was a 8.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 30,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the transaction, the chief executive officer owned 137,538 shares of the company’s stock, valued at $57,096,149.94. This trade represents a 17.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 105,274 shares of company stock worth $42,247,986 in the last 90 days. 0.36% of the stock is owned by company insiders.

Key Headlines Impacting Analog Devices

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

Several large investors have recently made changes to their positions in the business. Maia Wealth LLC increased its holdings in shares of Analog Devices by 2.0% during 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. boosted its holdings 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 worth $598,000 after buying an additional 39 shares in the last quarter. Hohimer Wealth Management LLC grew 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 acquiring an additional 40 shares during the last quarter. Golden State Wealth Management LLC raised its position in shares of Analog Devices by 15.6% during the fourth quarter. Golden State Wealth Management LLC now owns 303 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 41 shares during the period. Finally, Jacobi Capital Management LLC boosted its position in shares of Analog Devices by 4.5% in the 4th quarter. Jacobi Capital Management LLC now owns 1,002 shares of the semiconductor company’s stock valued at $272,000 after purchasing an additional 43 shares during the period. 86.81% of the stock is 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.