Analog Devices Inc.

Analog Devices Inc.

ADI

Get informed when a big investor buys or sells

+ Follow
Market Cap$201.58B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Analog Devices Inc.Analog Devices Inc.60.90.98%10%16.80.3

Earnings Call Q2 2026

May 20, 2026 - AI Summary

Q2 results beat guidance (strong upside, new “high watermarks”) - Revenue: $3.62B, +15% sequentially and +37% YoY, finishing above the high end of outlook. - Industrial leadership: Industrial was 50% of Q2 revenue, +20% sequentially and +56% YoY; all industrial sub-segments grew sequentially and YoY (Aerospace & Defense, ATE, ETM, broad market). - Profitability: Gross margin 73% (+180 bps QoQ, +360 bps YoY) driven by mix, utilization, pricing; Op margin 49%, well above high end of guidance. - EPS: $3.09 (record), +26% QoQ and +67% YoY. - Cash return: Over trailing 12 months FCF $4.6B (36% of revenue); returned $5B to shareholders via dividends + buybacks.
Demand narrative: strong and “generally calm” with improved visibility; supply chokepoints remain - Management said customer conversations reflect general calm: lead times are “in pretty good shape” and the demand book is rising. - Main supply concern is specific semiconductor chokepoints (notably memory)—most relevant to consumer customers (where choices may be constrained). - Surprise/positive: CEO emphasized ADI’s hybrid manufacturing model and capacity/optionality (internal + external process flexibility) as a key reason ADI can capture upside without losing service.
Segment mix: strongest growth in communications/data center; auto resilient but consumer more cyclical - Communications: 15% of revenue, +22% sequentially, +79% YoY; data center now >75% of communications and up >90% YoY, driven by both optical and power. - Wireless: >35% YoY growth (increasing demand). - Automotive: 24% of revenue, +8% sequentially, +2% YoY—positive momentum led by next-gen ADAS/infotainment content gains (e.g., GMSL, functionally safe power, A2B); BMS returned to YoY growth for the first time in 2 years. - Consumer: 11% of revenue, flat QoQ, +23% YoY; management expects near-term consumer impact from macro/inflation as conditions normalize.

Exclusive for Stockcircle Pro members

Sign upSign Up
$426.09

Target Price by Analysts

2.6% downsideAnalog Devices Target Price DetailsTarget Price
$206.16

Current Fair Value

52.9% downside

Overvalued by 52.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$201.58 Billion
Enterprise Value$208.15 Billion
Dividend Yield$4.07 (0.98%)
Earnings per Share$4.59
Beta1.19
Outstanding Shares487,605,000

Return

Return on Equity9.82%ROE
Return on Assets6.91%
Return on Invested Capital9.73%

Valuation & Multiples

P/E Ratio60.9P/E Ratio
PEG57.21PEG
Price to Sales16.83Price to Sales
Price to Book Ratio6.34Price to Book Ratio
Enterprise Value to Revenue16.34
Enterprise Value to EBIT49.21
Enterprise Value to Net Income62
Total Debt to Enterprise0.04
Debt to Equity0.27Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 28, 2026
EPS Estimate
$2.88
Average shareholder expectation
Revenue Estimate
$3.51 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 19, 2026
EPS Estimate
$3.26
Average shareholder expectation
Revenue Estimate
$3.89 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.7907▼ 5.92%
Total Calls3,861,168▼ 25.16%
Total Puts3,052,914▼ 30.37%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %86.69%▼ 1.57%
Total Invested$134.37B▲ 14.18%
Investors Holding2,181▲ 127.00%

ESG Score

No data

About Analog Devices Inc.

CEO: Vincent Roche

Relevant Senate Committees

Finance

Controls taxation (corporate tax rates, R&D credits), trade policy (tariffs, export controls), and entitlement spending, directly impacting ADI's profitability, global supply chain costs, and market access.

Appropriations

Directly allocates discretionary federal spending, which determines the specific funding for defense programs, scientific research, and infrastructure projects, all of which are significant revenue streams or end markets for ADI's products.

Armed Services

Oversees the Department of Defense and authorizes the annual NDAA, directly impacting defense spending and R&D for military technologies, which are key end markets for Analog Devices' high-performance chips.

Select Committee on Intelligence

Oversees the Intelligence Community and receives classified briefings on global threats, which can provide highly sensitive information relevant to defense spending, cybersecurity infrastructure, and strategic technology development where ADI products are critical.

Commerce, Science, and Transportation

Vast jurisdiction over interstate commerce, telecommunications, and technology, directly impacting ADI's end markets (e.g., aerospace, automotive, communication infrastructure) and potential regulations affecting their product design or sales.

Foreign Relations

Guides U.S. foreign policy and international agreements, which can directly affect ADI's global supply chain, export controls, and market access in various countries due to sanctions or trade tensions.