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

Analog Devices (NASDAQ:ADI) updated its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.150-3.450 for the period, compared to the consensus 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.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ADI. Raymond James Financial restated an “outperform” rating and set a $430.00 price target on shares of Analog Devices in a research report on Thursday. Citigroup boosted their price target on shares of Analog Devices from $400.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday. Needham & Company LLC boosted their price target on shares of Analog Devices from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday. Jefferies Financial Group boosted their price target on shares of Analog Devices from $410.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, The Goldman Sachs Group restated a “buy” rating and set a $450.00 price target on shares of Analog Devices in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $423.79.

Analog Devices Stock Down 3.5%

Shares of NASDAQ:ADI opened at $384.21 on Friday. Analog Devices has a 52-week low of $206.00 and a 52-week high of $435.72. The firm has a fifty day moving average of $360.07 and a 200 day moving average of $315.22. The firm has a market capitalization of $187.57 billion, a PE ratio of 57.09, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.75.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same period in the previous year, the business earned $1.85 earnings per share. The firm’s quarterly revenue was up 37.2% compared to the same quarter last year. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, research analysts anticipate that Analog Devices will post 11.35 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be given a $1.10 dividend. The ex-dividend date is Tuesday, June 2nd. This represents a $4.40 annualized dividend and a yield of 1.1%. Analog Devices’s payout ratio is 80.44%.

Insider Buying and Selling at Analog Devices

In related news, CAO Michael Sondel sold 4,199 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $361.02, for a total value of $1,515,922.98. Following the completion of the transaction, the chief accounting officer directly owned 14,740 shares in the company, valued at approximately $5,321,434.80. The trade was a 22.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer owned 187,538 shares of the company’s stock, valued at $74,623,245.58. This trade represents a 5.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 24,199 shares of company stock valued at $8,676,423 over the last quarter. 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 reported record fiscal Q2 results, with EPS of $3.09 and revenue of $3.62 billion, both above estimates, while revenue rose 37.2% year over year and management issued Q3 guidance that also topped consensus. Analog Devices Reports Record Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: Analysts raised price targets after the earnings beat, with firms pointing to stronger-than-expected execution and improving outlook for ADI’s analog and AI-related businesses. Analog Devices Analysts Boost Their Forecasts Following Upbeat Q2 Results
• Positive Sentiment: ADI announced a $1.5 billion all-cash acquisition of Empower Semiconductor, aimed at strengthening its AI data-center power-management portfolio and positioning the company for higher-density power delivery demand. Analog Devices to Participate in the Bank of America Global Technology Conference
• Neutral Sentiment: ADI will present at the Bank of America Global Technology Conference on June 2, which should keep investors focused on management’s commentary about demand trends, integration plans, and AI opportunities. Analog Devices to Participate in the Bank of America Global Technology Conference
• Negative Sentiment: Despite the strong report, the stock initially fell as investors appeared to “sell the news” after a large run-up and weighed near-term acquisition and integration risk from the Empower deal. Why is Analog Devices stock falling despite strong earnings and AI deal?

Institutional Trading of Analog Devices

Several institutional investors have recently added to or reduced their stakes in ADI. Timmons Wealth Management LLC purchased a new stake in Analog Devices during the fourth quarter valued at about $40,000. Atlas Capital Advisors Inc. purchased a new stake in Analog Devices during the fourth quarter valued at about $44,000. Kemnay Advisory Services Inc. purchased a new stake in Analog Devices during the fourth quarter valued at about $53,000. Prosperity Bancshares Inc purchased a new stake in Analog Devices during the fourth quarter valued at about $65,000. Finally, Golden State Wealth Management LLC boosted its position in Analog Devices by 15.6% during the fourth 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 during the period. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

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.