Analog Devices (NASDAQ:ADI – Get Free Report) issued an update on its fourth quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (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.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. TD Cowen increased their price objective on Analog Devices from $450.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Citigroup increased their price target on shares of Analog Devices from $400.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Weiss Ratings lowered shares of Analog Devices from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Jefferies Financial Group boosted their price objective on shares of Analog Devices from $410.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen raised shares of Analog Devices from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and an average target price of $443.24.
Read Our Latest Analysis on ADI
Analog Devices Stock Performance
Analog Devices (NASDAQ:ADI – Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.11. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. Analog Devices’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, equities analysts forecast that Analog Devices will post 12.42 earnings per share for the current fiscal year.
Analog Devices Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Analog Devices’s dividend payout ratio is presently 65.38%.
Insider Activity at Analog Devices
In related news, SVP Martin Cotter sold 17,594 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total value of $7,354,292.00. Following the transaction, the senior vice president owned 56,332 shares of the company’s stock, valued at $23,546,776. This represents a 23.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Karen Golz sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $389.83, for a total value of $389,830.00. Following the sale, the director owned 11,019 shares in the company, valued at $4,295,536.77. The trade was a 8.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 105,274 shares of company stock worth $42,247,986. Corporate insiders own 0.36% of the company’s stock.
Key Stories Impacting Analog Devices
Here are the key news stories impacting Analog Devices this week:
- Positive Sentiment: Strong quarterly beat: ADI reported adjusted EPS of $3.45, topping the $3.34 consensus, while revenue rose 39.2% year over year to a record $4.02 billion, ahead of expectations near $3.91 billion. Analog Devices Reports Record Fiscal Third Quarter 2026 Financial Results
- Positive Sentiment: AI and data-center momentum: Management highlighted more than 100% growth in data-center revenue, alongside strong industrial demand. Industrial revenue increased 53% and communications revenue rose 84%, helping drive record margins and profitability. Analog Devices’ quarterly forecast tops estimates on AI-fueled chip demand
- Positive Sentiment: Upbeat fourth-quarter guidance: ADI forecast revenue of $4.2 billion to $4.4 billion and EPS of $3.71 to $4.01, exceeding consensus estimates of approximately $4.1 billion and $3.53, respectively. The outlook suggests momentum may extend into 2027. Analog Devices Guides for Above-Consensus Fourth Quarter
- Positive Sentiment: Analyst support and shareholder returns: TD Cowen reaffirmed a Buy rating with a $460 price target, while Goldman Sachs maintained its Buy rating and $450 target. ADI also declared a quarterly dividend of $1.10 per share, payable September 15.
- Neutral Sentiment: ADI’s valuation remains elevated at roughly 55 times earnings, which could leave the stock sensitive to any slowdown in AI spending, margin expansion, or semiconductor demand.
- Negative Sentiment: Reported insider-trading data showed 81 open-market insider sales and no purchases during the past six months. While such transactions may reflect diversification or scheduled selling, the pattern could temper bullish sentiment.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of ADI. Sunbelt Securities Inc. grew its holdings in shares of Analog Devices by 2.0% during the 4th quarter. Sunbelt Securities Inc. now owns 3,891 shares of the semiconductor company’s stock valued at $1,055,000 after purchasing an additional 76 shares during the last quarter. Compound Planning Inc. lifted its stake in Analog Devices by 25.4% in the fourth quarter. Compound Planning Inc. now owns 4,928 shares of the semiconductor company’s stock worth $1,337,000 after purchasing an additional 997 shares during the last quarter. Axxcess Wealth Management LLC boosted its position in Analog Devices by 1,409.7% during the fourth quarter. Axxcess Wealth Management LLC now owns 14,493 shares of the semiconductor company’s stock valued at $3,930,000 after buying an additional 13,533 shares during the period. Corient Private Wealth LLC boosted its position in Analog Devices by 22.8% during the fourth quarter. Corient Private Wealth LLC now owns 526,110 shares of the semiconductor company’s stock valued at $142,681,000 after buying an additional 97,535 shares during the period. Finally, Blue Sparrow LLC DE bought a new position in shares of Analog Devices during the fourth quarter valued at about $16,272,000. 86.81% of the stock is currently owned by institutional investors.
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.
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