Analog Devices (NASDAQ:ADI) Issues Q2 2026 Earnings Guidance

Analog Devices (NASDAQ:ADI) updated its second quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 2.730-3.030 for the period, compared to the consensus earnings per share estimate of 2.360. The company issued revenue guidance of $3.4 billion-$3.6 billion, compared to the consensus revenue estimate of $3.1 billion.

Analog Devices Stock Down 0.9%

Shares of Analog Devices stock traded down $3.19 during trading on Thursday, hitting $343.19. The company’s stock had a trading volume of 1,823,958 shares, compared to its average volume of 4,049,368. Analog Devices has a 52 week low of $158.65 and a 52 week high of $355.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.68 and a current ratio of 2.19. The company has a fifty day simple moving average of $299.67 and a two-hundred day simple moving average of $263.17. The company has a market capitalization of $167.69 billion, a PE ratio of 75.36, a P/E/G ratio of 1.93 and a beta of 1.03.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.15. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.10 billion. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The business’s revenue was up 30.4% on a year-over-year basis. During the same period last year, the business earned $1.63 earnings per share. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. Equities research analysts predict that Analog Devices will post 7.14 earnings per share for the current year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd will be given a dividend of $1.10 per share. This is a positive change from Analog Devices’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Tuesday, March 3rd. This represents a $4.40 annualized dividend and a yield of 1.3%. Analog Devices’s payout ratio is currently 86.84%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ADI. Truist Financial set a $364.00 target price on shares of Analog Devices in a research note on Thursday. Cantor Fitzgerald upped their price objective on Analog Devices from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday. UBS Group set a $430.00 target price on Analog Devices in a research note on Thursday. Zacks Research upgraded Analog Devices from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Finally, Barclays increased their price objective on Analog Devices from $375.00 to $430.00 and gave the company an “overweight” rating in a research report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $366.96.

Insiders Place Their Bets

In related news, SVP Katsufumi Nakamura sold 500 shares of Analog Devices stock in a transaction on Friday, January 9th. The shares were sold at an average price of $301.46, for a total transaction of $150,730.00. Following the transaction, the senior vice president owned 12,710 shares in the company, valued at approximately $3,831,556.60. The trade was a 3.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $306.92, for a total value of $3,069,200.00. Following the completion of the sale, the chief executive officer owned 155,688 shares of the company’s stock, valued at $47,783,760.96. The trade was a 6.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 53,544 shares of company stock valued at $15,320,417. 0.36% of the stock is currently owned by corporate insiders.

Trending Headlines about Analog Devices

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

• Positive Sentiment: Q1 beat and very strong Q2 guidance: ADI reported EPS $2.46 and revenue $3.16B, both above consensus, and issued Q2 guidance (EPS 2.73–3.03, revenue roughly $3.4–3.6B) that materially exceeded Street estimates — the core driver behind the bullish re-rating. Press Release
• Positive Sentiment: AI/data-center momentum: Management cited record data-center orders and broad industrial strength — the company is being positioned as a beneficiary of the AI infrastructure boom, underpinning higher revenue and margin expectations. Reuters: AI boom
• Positive Sentiment: Analyst upgrades and price-target raises: Multiple firms (Benchmark, Needham, Wells Fargo, Cantor Fitzgerald, Stifel and others) raised ratings/targets — several to ~$360–$400 — which supports upside in consensus valuation and buyer interest. Benzinga: analyst moves
• Positive Sentiment: Shareholder return increases: Board raised the quarterly dividend ~11% to $1.10 and the company continues buybacks — reinforces income/cash-flow story and is supportive of longer-term multiple expansion. Dividend release
• Neutral Sentiment: Bull-case commentary and price-target talk: Several outlets and analysts argue ADI can reach ~$400 this year based on margin expansion, cash flow, and AI tailwinds — bullish narrative but timing/execution still matter. MarketBeat: $400 case
• Negative Sentiment: Muted/discordant market reaction and short-term profit-taking: some coverage notes the share response has been muted at times despite very strong results, suggesting early profit-taking or market skepticism about sustainability. That dynamic can cap near-term gains. Seeking Alpha: muted reaction
• Negative Sentiment: Governance and insider activity: recent coverage highlights a governance debate over special-meeting rights and noticeable insider selling reported in some datasets — these issues can create headline risk and give some investors pause. Yahoo Finance: governance

Institutional Investors Weigh In On Analog Devices

Several large investors have recently bought and sold shares of the business. Timmons Wealth Management LLC bought a new position in shares of Analog Devices during the 4th quarter worth $40,000. Atlas Capital Advisors Inc. purchased a new stake in Analog Devices in the fourth quarter worth about $44,000. Kemnay Advisory Services Inc. bought a new position in Analog Devices during the 4th quarter worth about $53,000. Prosperity Bancshares Inc purchased a new position in Analog Devices during the 4th quarter valued at about $65,000. Finally, Golden State Wealth Management LLC raised its holdings in shares of 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 purchasing an additional 41 shares in the last quarter. 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.