ADI Stock Analysis & Forecast (2026)

Analog Devices, Inc. Technology Semiconductors
$354.52
Current Price
96%
Strong Buy
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Data refreshed: September 01, 2026

Key Financial Metrics

Market Cap
$171.79B
P/E Ratio (TTM)
42.1x
P/E Forward
21.7x
Revenue Growth
39.6%
Gross Margin
65.8%
Net Margin
29.8%
Return on Equity
12.2%
Debt/Equity
0.27

AI Analysis Summary

Analog Devices, Inc. (ADI) is a Technology company in the Semiconductors industry with a 96% Strong Buy Score. Key strengths include Revenue Growth (39.6%), Gross Margin (65.8%), Net Margin (29.8%). The score on this page is a five-factor screen — revenue growth, gross margin, net margin, return on equity and debt-to-equity — each scored against fixed thresholds from a neutral starting point of 50%. The eight-section analysis, including moat, free cash flow, dilution and valuation, runs in the full report.

Revenue Growth: Strong Gross Margin: Excellent Net Margin: Excellent Return on Equity: Good Debt/Equity: Low Risk

This analysis is generated by StrongBuyAnalytics AI using publicly available financial data from SEC filings, earnings reports, and market feeds. It is not personalized investment advice. See our methodology and disclaimer.

Why ADI Has a 96% Score

4 of the inputs in our model moved ADI's score away from the neutral baseline of 50%, landing it at 96% (Strong Buy). Each one below is a specific figure from Analog Devices, Inc.'s reported financials, not a judgement call:

Recent Catalysts for ADI

5 data points sit outside the score itself but bear on Analog Devices, Inc.'s next few quarters. They are reported here as observations, not predictions:

Earnings grew 163.5% — accelerating profitability could drive re-rating.
Wall Street consensus target is $470.25 (+32.6% from current price), based on 32 analyst estimates.
Analyst consensus recommendation: Strong Buy.
Institutional ownership at 93.8% — strong smart-money backing.
Dividend yield of 1.21% provides income while you wait for capital appreciation.

ADI vs. MRVL, QCOM, TXN, ARM

Compared against other Semiconductors companies we cover, picked for having a similar market capitalisation to ADI.

Ticker Price Market Cap P/E Rev Growth Net Margin ROE
ADI $354.52 $171.79B 42.1x 39.6% 29.8% 12.2%
MRVL $210.39 $189.08B 69.4x 36.5% 27.9% 16.5%
QCOM $166.40 $177.72B 19.0x -4.0% 21.0% 33.8%
TXN $252.56 $230.65B 38.4x 22.8% 31.1% 35.2%
ARM $234.82 $250.79B 237.2x 22.4% 20.2% 13.4%

Main Risks for ADI Investors

1 measurable risk showed up in Analog Devices, Inc.'s numbers. This is not a complete list of what could go wrong — only what is visible in the data we score:

Trailing P/E of 42.1x prices in significant growth — any miss could trigger a sharp selloff.

ADI Balance Sheet & Cash Flow

Analog Devices, Inc.'s liquidity and cash generation as of the most recent filing — note the cash position of $2.32B against $9.16B of debt:

Total Cash
$2.32B
Total Debt
$9.16B
Current Ratio
1.25
FCF Yield
2.4%
EBITDA
$6.92B
Operating Margin
39.5%

Figures are drawn from Analog Devices, Inc.'s most recent balance sheet and cash flow statement as filed with the SEC. See the filings themselves.

ADI Valuation Snapshot

Trailing P/E
42.1x
High expectations
Forward P/E
21.7x
Earnings growth expected
Price / Book
5.1x
Premium
PEG Ratio
0.54
Undervalued vs growth
Analyst Target (Mean)
$470.25
Range: $365 – $675
Dividend Yield
1.21%
5Y avg: 1.64%
52-Week Price Range — ADI is trading at 59% of its range
$223.47 (52W Low) $445.91 (52W High)

Who Holds ADI? — Institutional 13F Filings

Institutional investment managers with >$100 M in qualifying assets must disclose their equity positions quarterly on SEC Form 13F — typically within 45 days of quarter-end. Search those filings below to see which hedge funds, mutual funds, and asset managers reported ADI as a holding, how many shares they held, and how positions changed quarter over quarter.

Search 13F Filings for ADI Free · no sign-in required · live SEC EDGAR data
What you see free
Which institutions reported ADI, share counts, reported values, and direct links to the SEC filing.
Research Pro adds
Full manager portfolios — every position a fund holds, quarter-over-quarter changes, and concentration weights.
Data limitation
13F shows long equity positions as of the filing date. Short positions, full derivatives, and current intent are not disclosed.

Is ADI a Buy Right Now?

We do not answer that question for you, and we do not publish buy or sell calls. What we publish is a score: ADI rates 96% on our five-factor fundamentals screen, which puts it in the "Strong Buy" band. Everything below explains how it got there so you can disagree with it.

96% · Strong Buy band

Analog Devices, Inc. clears our thresholds on most of what we measure. The strongest readings are revenue growth (39.6%) and gross margin (65.8%). Nothing in the data we score currently works against it.

ADI Earnings & Revenue Outlook

Analog Devices, Inc. reported revenue growth of 39.6% year over year, against a Semiconductors peer set where scale and pricing power vary widely. Growth at that level is the single largest positive contributor to the ADI score.

Earnings grew 163.5% over the same period, outpacing revenue — a sign of operating leverage.

Track upcoming report dates on our earnings calendar.

ADI Stock Forecast (Next 3–12 Months)

This is a fundamentals outlook, not a price target — we do not publish one. It describes what Analog Devices, Inc.'s current financials imply about the next three to twelve months if the trends in them hold.

Constructive: Revenue growth of 39.6% gives ADI room to grow into its multiple. Net margins of 29.8% mean that growth converts to profit rather than being spent to buy it. The main thing to watch over the next few quarters is whether those figures hold; the score is built on trailing data and will move if they do not.

Bull Case for ADI

These are the Analog Devices, Inc. figures that push the score up, taken straight from the most recent reported financials:

  • Revenue Growth (39.6%)
  • Gross Margin (65.8%)
  • Net Margin (29.8%)
  • Return on Equity (12.2%)

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Guides to the specific measures used in this ADI analysis:

Fundamental Analysis Guide

How the financial statements behind this page fit together.

Understanding P/E Ratio

What ADI's 42.1x multiple does and does not tell you.

Return on Equity (ROE)

Why ADI's 12.2% return on equity matters for stock selection.

Stock Valuation Methods

How DCF, multiples and asset-based approaches value a company like Analog Devices, Inc..

How to Read Earnings Reports

Where the ADI growth and margin figures on this page come from.

What Are Demand Zones?

The technical side we deliberately keep out of the ADI score.

Related Tools for ADI

Demand Zone Analyzer ADI Live Chart ADI SEC Filing News Earnings Calendar Institutional Ownership Sector Scanner Average Down Calculator

ADI SEC Filing News

Latest SEC filings for ADI explained in plain English — insider buys/sells (Form 4), proposed sales (Form 144), material events (8-K), and quarterly & annual reports.

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View all ADI SEC Filing News →

Frequently Asked Questions about ADI

Is ADI a good buy right now?
We do not issue buy or sell calls. ADI has a Strong Buy Score of 96% (Strong Buy), which is a fundamentals rating, not a recommendation. That is at the strong end of our range: ADI scores well on the fundamentals we weight most heavily. The score is helped most by revenue growth (39.6%). Read how scores work to see what each input contributes.
What is the ADI stock forecast for 2026?
We publish a fundamentals outlook rather than a price target. For 2026 the ADI view rests on revenue growth of 39.6%, a net margin of 29.8% and a trailing P/E of 42.1x, which together produce the 96% Strong Buy Score. Our methodology explains how those inputs are weighted.
What are key support and resistance levels for ADI?
Support and resistance are technical levels, so they are not part of the fundamentals score. You can see current ADI demand zones (support) and supply zones (resistance) on our demand zones page. With ADI at $354.52, the tool shows how far the stock sits from the nearest zone.
Which companies are ADI's closest peers?
On this page ADI is compared with MRVL, QCOM, TXN, ARM. Compared against other Semiconductors companies we cover, picked for having a similar market capitalisation to ADI. The table puts ADI's a gross margin of 65.8%, an ROE of 12.2%, a debt-to-equity ratio of 0.27 next to the same figures for each peer.
What is Analog Devices, Inc.'s market cap and P/E ratio?
As of September 01, 2026, Analog Devices, Inc. (ADI) has a market cap of $171.79B, a trailing P/E of 42.1x and a forward P/E of 21.7x. Valuation is one of the inputs to the Strong Buy Score, alongside growth, margins, capital efficiency and balance-sheet strength.
Where does the ADI data on this page come from?
Company financials come from Analog Devices, Inc.'s own filings with the SEC, with prices and consensus estimates from market data feeds; the figures on this page were last refreshed on September 01, 2026. Our data sources page lists every provider and how often each one is updated.
Is the ADI analysis PDF report free?
Your first ADI report is free and does not require a card. The score on this page is a five-factor screen; the report runs the deeper eight-section analysis, adding moat, free cash flow, share dilution and valuation work that is not on this page. Further reports are covered by a subscription; see pricing for the current plans.

This ADI analysis is for educational and informational purposes only and does not constitute financial advice. All data is sourced from public filings and market feeds. Past performance does not guarantee future results. Read our full disclaimer.