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

Analog Devices (NASDAQ:ADI) issued an update on its second quarter 2026 earnings guidance on Wednesday morning. 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 Trading Up 2.6%

ADI traded up $8.86 on Wednesday, hitting $346.37. The company had a trading volume of 8,471,601 shares, compared to its average volume of 4,123,958. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24. The firm has a market cap of $169.25 billion, a P/E ratio of 75.96, a PEG ratio of 1.93 and a beta of 1.03. The company’s fifty day moving average price is $298.37 and its 200 day moving average price is $262.58. Analog Devices has a 1 year low of $158.65 and a 1 year high of $355.36.

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

Analog Devices Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, March 3rd. This is an increase from Analog Devices’s previous quarterly dividend of $0.99. Analog Devices’s dividend payout ratio (DPR) is currently 86.84%.

Analyst Ratings Changes

Several brokerages have recently issued reports on ADI. Cantor Fitzgerald upped their target price on shares of Analog Devices from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday. Susquehanna lifted their price target on Analog Devices from $350.00 to $360.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Robert W. Baird boosted their price objective on Analog Devices from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Evercore lowered their target price on shares of Analog Devices from $303.00 to $282.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 25th. Finally, Benchmark reissued a “buy” rating and set a $285.00 price objective on shares of Analog Devices in a research report on Wednesday, November 26th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $318.35.

Insider Buying and Selling

In related news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $317.30, for a total transaction of $991,562.50. Following the completion of the sale, the director owned 123,821 shares in the company, valued at approximately $39,288,403.30. This trade represents a 2.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Michael Sondel sold 8,169 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $278.03, for a total transaction of $2,271,227.07. Following the completion of the transaction, the chief accounting officer owned 18,913 shares in the company, valued at approximately $5,258,381.39. This trade represents a 30.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 53,544 shares of company stock valued at $15,320,417 in the last quarter. Corporate insiders own 0.36% of the company’s stock.

More Analog Devices News

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

• Positive Sentiment: Q1 beat and strong margins — ADI reported $3.16B revenue (+30% YoY) and $2.46 adjusted EPS, topping estimates and showing material margin expansion and free-cash-flow improvement; investors are rewarding the print. Press Release: FQ1 2026 Financial Results
• Positive Sentiment: Upbeat guidance & AI/datacenter tailwind — management gave Q2 revenue/earnings guidance above Street expectations and cited record data‑center orders and broad industrial strength, signaling continued demand from AI and industrial end markets. Reuters: ADI sees strong Q2 as AI fuels sales
• Positive Sentiment: Capital returns accelerate — board raised the quarterly dividend 11% to $1.10 (22nd consecutive annual increase) and the company continues buybacks; strong operating cash flow and >$4.5B FCF support distributions and buybacks. PR Newswire: Dividend Increase
• Positive Sentiment: Analyst upgrades and higher price targets — several firms raised targets (e.g., Cantor Fitzgerald to $400, Stifel to $360), reinforcing bullish sentiment and supporting near-term momentum. MarketBeat: Can ADI hit $400?
• Neutral Sentiment: Short-interest data appears unreliable — recent feeds show “0 shares” / NaN values; available data do not indicate material short pressure today (treat reported figures with caution).
• Neutral Sentiment: Governance discussion — a recent article highlights a governance debate over special‑meeting rights, which could be a watch item for activists or long-term investors but has not altered near-term fundamentals. Yahoo Finance: Governance Debate
• Negative Sentiment: Insider selling — filings show notable insider sales over recent months (multiple executives selling), which some investors view as a cautionary signal even as company fundamentals improve. QuiverQuant: Earnings beat and insider activity

Hedge Funds Weigh In On Analog Devices

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in Analog Devices by 42.8% in the 4th quarter. Bank of America Corp DE now owns 9,715,095 shares of the semiconductor company’s stock worth $2,634,734,000 after acquiring an additional 2,912,666 shares during the period. Amundi grew its stake in Analog Devices by 44.8% during the 3rd quarter. Amundi now owns 6,215,129 shares of the semiconductor company’s stock valued at $1,507,740,000 after purchasing an additional 1,922,302 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of Analog Devices by 29.2% in the third quarter. Raymond James Financial Inc. now owns 4,829,931 shares of the semiconductor company’s stock worth $1,186,714,000 after buying an additional 1,091,004 shares during the last quarter. Rafferty Asset Management LLC grew its holdings in Analog Devices by 47.5% during the 2nd quarter. Rafferty Asset Management LLC now owns 1,802,338 shares of the semiconductor company’s stock worth $428,992,000 after acquiring an additional 580,546 shares in the last quarter. Finally, Lansdowne Partners UK LLP increased its holdings in Analog Devices by 319.3% in the fourth quarter. Lansdowne Partners UK LLP now owns 634,754 shares of the semiconductor company’s stock valued at $172,145,000 after buying an additional 483,353 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Company Profile

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.