Analog Devices (NASDAQ:ADI) Issues Q4 2026 Earnings Guidance

Analog Devices (NASDAQ:ADI) updated its fourth quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 3.710-4.010 for the period, compared to the consensus earnings per share 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 Price Performance

Analog Devices stock opened at $370.24 on Friday. The stock’s fifty day moving average price is $389.14 and its two-hundred day moving average price is $371.10. Analog Devices has a one year low of $223.47 and a one year high of $445.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 1.34. The firm has a market cap of $180.34 billion, a PE ratio of 43.92, a price-to-earnings-growth ratio of 0.97 and a beta of 1.20.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating the consensus estimate of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period last year, the firm earned $2.05 EPS. The business’s quarterly revenue was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, research analysts expect that Analog Devices will post 12.42 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Analog Devices’s dividend payout ratio is presently 65.38%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Robert W. Baird increased their target price on Analog Devices from $365.00 to $450.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. The Goldman Sachs Group restated a “buy” rating and set a $480.00 price target on shares of Analog Devices in a report on Wednesday. Argus set a $460.00 price objective on Analog Devices in a research note on Tuesday, May 26th. Needham & Company LLC raised their price objective on shares of Analog Devices from $440.00 to $450.00 and gave the company a “buy” rating in a report on Thursday. Finally, Wolfe Research reiterated an “outperform” rating and set a $475.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $447.13.

Insider Buying and Selling

In related news, CEO Vincent Roche sold 30,000 shares of Analog Devices 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 completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Martin Cotter sold 17,594 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total value of $7,354,292.00. Following the completion of the transaction, the senior vice president directly owned 56,332 shares in the company, valued at $23,546,776. This represents a 23.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 75,274 shares of company stock valued at $30,343,386 in the last quarter. 0.36% of the stock is currently owned by company insiders.

Key Stories Impacting Analog Devices

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

• Positive Sentiment: Strong earnings beat and record revenue: Fiscal Q3 revenue rose 39.2% year over year to $4.02 billion, surpassing the $3.92 billion consensus estimate, while adjusted EPS of $3.45 exceeded expectations of approximately $3.33–$3.34. Industrial revenue increased 53% and communications revenue climbed 84%. Analog Devices Q3 Earnings Beat Estimates, Revenues Rise Y/Y
• Positive Sentiment: Above-consensus outlook: ADI forecast fiscal Q4 revenue of $4.2 billion to $4.4 billion and EPS of $3.71 to $4.01, ahead of Wall Street estimates. Management said AI infrastructure, data-center power and optical demand should support momentum into fiscal 2027. Analog Devices’ quarterly forecast tops estimates on AI-fueled chip demand
• Positive Sentiment: Analyst target increases: JPMorgan raised its price target to $500 and assigned an Overweight rating. Needham, Susquehanna and TD Cowen also reiterated or issued Buy ratings, with targets ranging from $450 to $475. Analysts cited AI power-management opportunities and a potential data-center buildout of up to 100 gigawatts by 2031. Analysts revise forecasts after Q3 earnings
• Positive Sentiment: AI exposure and shareholder returns: Investors are increasingly viewing ADI as a dividend-paying way to participate in AI infrastructure growth. The company declared a quarterly dividend of $1.10 per share, payable September 15 to shareholders of record September 1. 3 Buy-Rated Dividend Stocks to Play the AI Boom
• Neutral Sentiment: Valuation remains elevated: With a price-to-earnings ratio near 44 and shares below their 50-day moving average, further gains may depend on sustained execution and continued AI demand.
• Negative Sentiment: Risks include multiple contraction and insider selling: One analyst downgraded ADI, warning that valuation compression and concentration in the AI trade could limit upside despite strong fundamentals. Separately, reported insider activity showed selling rather than purchases over the past six months. Analog Devices: The Earnings Reaction Is Sending You a Warning Sign

Institutional Trading of Analog Devices

Institutional investors and hedge funds have recently modified their holdings of the stock. Timmons Wealth Management LLC purchased a new position in shares of Analog Devices in the 4th quarter worth approximately $40,000. Atlas Capital Advisors Inc. purchased a new position in Analog Devices in the fourth quarter worth $44,000. Kemnay Advisory Services Inc. bought a new position in Analog Devices in the 4th quarter valued at $53,000. Prosperity Bancshares Inc purchased a new stake in shares of Analog Devices during the 4th quarter valued at $65,000. Finally, Golden State Wealth Management LLC raised its stake in shares of Analog Devices by 15.6% during the 4th 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. 86.81% of the stock is 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.