Analog Devices (NASDAQ:ADI) Issues Q3 2026 Earnings Guidance

Analog Devices (NASDAQ:ADI) updated its third quarter 2026 earnings guidance on Wednesday. The company provided EPS guidance of 3.150-3.450 for the period, compared to the consensus EPS estimate of 2.990. The company issued revenue guidance of $3.8 billion-$4.0 billion, compared to the consensus revenue estimate of $3.6 billion.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. The Goldman Sachs Group upped their price objective on Analog Devices from $300.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Needham & Company LLC upgraded shares of Analog Devices from a “hold” rating to a “buy” rating and set a $400.00 price objective for the company in a research report on Thursday, February 19th. Susquehanna lifted their price target on shares of Analog Devices from $360.00 to $400.00 and gave the stock a “positive” rating in a research note on Thursday, February 19th. Wells Fargo & Company lifted their price target on shares of Analog Devices from $410.00 to $470.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Finally, Arete Research upgraded shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $389.00 price target on the stock in a research note on Monday, March 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Analog Devices presently has a consensus rating of “Moderate Buy” and an average price target of $381.27.

Analog Devices Stock Down 1.0%

Shares of NASDAQ ADI opened at $414.31 on Wednesday. The stock has a market cap of $202.27 billion, a PE ratio of 75.74, a price-to-earnings-growth ratio of 1.68 and a beta of 1.19. The company has a quick ratio of 1.35, a current ratio of 1.76 and a debt-to-equity ratio of 0.21. Analog Devices has a 52-week low of $206.00 and a 52-week high of $435.72. The business has a 50-day moving average price of $357.19 and a 200 day moving average price of $313.00.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.20. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Equities research analysts forecast that Analog Devices will post 11.35 earnings per share for the current year.

Insider Buying and Selling

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $397.91, for a total transaction of $3,979,100.00. Following the completion of the sale, the chief executive officer directly owned 187,538 shares of the company’s stock, valued at approximately $74,623,245.58. This trade represents a 5.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Sondel sold 4,199 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $361.02, for a total value of $1,515,922.98. Following the sale, the chief accounting officer directly owned 14,740 shares of the company’s stock, valued at $5,321,434.80. The trade was a 22.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 24,199 shares of company stock valued at $8,676,423 over the last ninety days. 0.36% of the stock is owned by insiders.

Key Stories Impacting Analog Devices

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

• Positive Sentiment: ADI is acquiring Empower Semiconductor to expand its high-density power portfolio and better serve AI infrastructure customers, potentially increasing its addressable market in a fast-growing segment. Analog Devices to Acquire Empower Semiconductor, Expanding its Next-Generation High-Density Power Portfolio for the AI Era
• Positive Sentiment: The acquisition could improve Analog Devices’ position as a system-level power partner for hyperscalers and AI chip developers, reinforcing the company’s AI growth story ahead of earnings. Analog Devices in talks to buy Empower Semiconductor for $1.5 billion, Bloomberg News reports
• Neutral Sentiment: Broader market weakness and rising yields weighed on technology stocks, which may have tempered sentiment even as AI-related chip names held up relatively well. Dow Jones Futures: Stocks Fall As Yields Jump; Micron, Sandisk, Astera Rise With Nvidia Earnings Due
• Neutral Sentiment: Analysts and pre-earnings commentary have also highlighted ADI’s existing momentum in industrial, communications, robotics, and AI infrastructure, adding to expectations going into results. Should You Buy, Sell or Hold ADI Stock Before Q2 Earnings?

Hedge Funds Weigh In On Analog Devices

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Maia Wealth LLC raised its position in Analog Devices by 2.0% during the fourth quarter. Maia Wealth LLC now owns 1,720 shares of the semiconductor company’s stock worth $466,000 after acquiring an additional 34 shares during the last quarter. Financial Engines Advisors L.L.C. raised its position in Analog Devices by 1.8% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 2,205 shares of the semiconductor company’s stock worth $598,000 after acquiring an additional 39 shares during the last quarter. Hohimer Wealth Management LLC raised its position in Analog Devices by 1.4% during the fourth quarter. Hohimer Wealth Management LLC now owns 2,800 shares of the semiconductor company’s stock worth $759,000 after acquiring an additional 40 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Analog Devices by 15.6% in the fourth quarter. Golden State Wealth Management LLC now owns 303 shares of the semiconductor company’s stock worth $82,000 after acquiring an additional 41 shares during the last quarter. Finally, Jacobi Capital Management LLC raised its holdings in shares of Analog Devices by 4.5% in the fourth quarter. Jacobi Capital Management LLC now owns 1,002 shares of the semiconductor company’s stock worth $272,000 after acquiring an additional 43 shares during the last quarter. Institutional investors and hedge funds 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.