Analog Devices (NASDAQ:ADI) Issues Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Posted by on Aug 19th, 2026

Analog Devices (NASDAQ:ADI – Get Free Report) issued its quarterly earnings results on Wednesday. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11, Zacks reports. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. Analog Devices updated its Q4 2026 guidance to 3.710-4.010 EPS.

Analog Devices Stock Performance

Shares of Analog Devices stock opened at $376.63 on Wednesday. The firm’s fifty day simple moving average is $390.37 and its 200-day simple moving average is $370.30. The stock has a market capitalization of $183.45 billion, a price-to-earnings ratio of 55.96, a PEG ratio of 1.01 and a beta of 1.20. Analog Devices has a 12 month low of $223.47 and a 12 month high of $445.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34.

Key Stories 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.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, SVP Martin Cotter sold 17,594 shares of Analog Devices stock in a transaction on 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 transaction, the senior vice president directly owned 56,332 shares in the company, valued at approximately $23,546,776. The trade was a 23.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 30,000 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the sale, 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 position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 105,274 shares of company stock valued at $42,247,986. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Analog Devices

Several large investors have recently modified their holdings of the stock. Brighton Jones LLC boosted its holdings in shares of Analog Devices by 39.5% in the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock valued at $397,000 after acquiring an additional 529 shares in the last quarter. Sivia Capital Partners LLC lifted its position in Analog Devices by 36.0% in the second quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company’s stock valued at $417,000 after purchasing an additional 464 shares during the period. Ieq Capital LLC boosted its holdings in Analog Devices by 38.0% in the 2nd quarter. Ieq Capital LLC now owns 44,576 shares of the semiconductor company’s stock valued at $10,610,000 after purchasing an additional 12,276 shares in the last quarter. HUB Investment Partners LLC acquired a new position in Analog Devices during the 2nd quarter worth approximately $644,000. Finally, Peapack Gladstone Financial Corp increased its position in Analog Devices by 2.4% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 60,169 shares of the semiconductor company’s stock worth $14,322,000 after purchasing an additional 1,406 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ADI. Jefferies Financial Group increased their price objective on shares of Analog Devices from $410.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Wells Fargo & Company boosted their target price on shares of Analog Devices from $470.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Cantor Fitzgerald reissued an “overweight” rating and issued a $550.00 target price on shares of Analog Devices in a report on Monday. KeyCorp raised their price target on Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $450.00 price target on shares of Analog Devices in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Analog Devices presently has an average rating of “Moderate Buy” and an average target price of $441.00.

Get Our Latest Stock Analysis on Analog Devices

Analog Devices Company Profile

(Get Free Report)

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.

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Earnings History for Analog Devices (NASDAQ:ADI)

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