A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
ANALOG DEVICES INC
ADI
$184.9B
Mkt Cap
$371.86
-2.19%
ANALOG DEVICES INC (ADI) has a current P/E ratio of 68.0, compared to its historical median P/E of 32.8. The stock is currently considered Expensive based on its historical valuation range.
ANALOG DEVICES INC (ADI) has a 5-year average return on invested capital (ROIC) of 6.3%. This is below average and may indicate limited pricing power.
ANALOG DEVICES INC (ADI) has a market capitalization of $181.1B. It is classified as a large-cap stock.
Yes, ANALOG DEVICES INC (ADI) pays a dividend with a trailing twelve-month yield of 1.10%. The company also returns capital through share buybacks, with a buyback yield of 1.68%.
Based on historical P/E analysis, ANALOG DEVICES INC (ADI) appears expensive. The current P/E of 68.0 is 107% above its historical median of 32.8. The estimated fair value CAGR (P/E method) is 5.5%.
ANALOG DEVICES INC (ADI) operates in the Semiconductors & Related Devices industry, within the Technology sector.
ANALOG DEVICES INC (ADI) reported annual revenue of $11.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
Analog Devices is a global semiconductor leader designing, manufacturing, testing and marketing a broad portfolio of integrated circuits, software and subsystems that leverage high-performance analog, mixed-signal and digital signal processing technologies. The company's product portfolio spans more than 75,000 stock keeping units aggregated into categories including data converters, power management and reference products, amplifiers and RF/microwave ICs, sensors and actuators based on MEMS technology, digital signal processors, interface products, and software and AI platforms such as CodeFusion Studio and Power Studio. ADI distributes its products globally through a direct sales force, third-party distributors, independent sales representatives and its website across approximately 50 countries, serving original equipment manufacturers and subsystem builders across industrial, automotive, communications, consumer and healthcare end markets. The company's competitive advantages include long product life cycles, deep domain expertise in analog and mixed-signal technologies, advanced manufacturing capabilities primarily located in the United States, Ireland and Southeast Asia, and approximately 13,000 engineers who enable customer-centric partnerships and differentiated solutions. ADI's business model emphasizes efficient capital deployment, R&D-driven innovation, and secular growth opportunities including the Intelligent Edge, autonomous systems, sustainable energy transition, proactive healthcare and AI-driven computing.
【Strong secular momentum continuing】 Management expects fiscal 2026 to be a banner year driven by broad-based demand across industrial, automotive, communications and consumer end markets, with particular strength in automated test equipment, data center, and energy storage systems. The company anticipates continued double-digit growth in healthcare and automotive markets, supported by expanding design pipelines, industry transitions to advanced memory architectures, and expected double-digit hyperscaler capital expenditure growth. Industrial and communications are expected to lead growth in 2026, with industrial benefiting from cyclical recovery and company-specific execution in automation, aerospace and defense, and energy infrastructure, while communications growth is driven by AI infrastructure and data center expansion. Management remains focused on capitalizing on secular trends including autonomous driving, sustainable energy transition, and AI-driven computing, while maintaining disciplined execution and strong free cash flow generation to support shareholder returns.
| Metric | Target | Period |
|---|---|---|
| Revenue | $3.9 billion, ±$100 million | Q3 FY2026 |
| Operating margin | 49%, ±100 basis points | Q3 FY2026 |
| Adjusted EPS | $3.30, ±$0.15 | Q3 FY2026 |
Revenue (Q3 FY2026): “Revenue is expected to be $3.9 billion, ±$100 million.”
Operating margin (Q3 FY2026): “Operating margin at the midpoint is expected to be 49%, ±100 basis points.”
Adjusted EPS (Q3 FY2026): “adjusted EPS is expected to be $3.30, ±$0.15.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q2 FY2026 Earnings Call, Q1 FY2026 Earnings Call, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 12.7B | 11.0B | 9.4B | 12.3B | 12.0B | 7.3B |
| Net Income | 3.3B | 2.3B | 1.6B | 3.3B | 2.7B | 1.4B |
| EPS | $6.78 | $4.56 | $3.28 | $6.55 | $5.25 | $3.46 |
| Free Cash Flow | 4.6B | 4.3B | 3.1B | 3.6B | 3.8B | 2.4B |
| ROIC | 9.0% | 6.1% | 4.5% | 8.4% | 6.9% | 5.7% |
| Gross Margin | 64.5% | 61.5% | 57.1% | 64.0% | 62.7% | 61.8% |
| Debt/Equity | 0.26 | 0.26 | 0.24 | 0.21 | 0.19 | 0.19 |
| Dividends/Share | $4.10 | $3.89 | $3.62 | $3.34 | $2.97 | $2.69 |
| Operating Income | 4.1B | 2.9B | 2.0B | 3.8B | 3.3B | 1.7B |
| Operating Margin | 32.5% | 26.6% | 21.6% | 31.1% | 27.3% | 23.1% |
| ROE | 9.8% | 6.6% | 4.6% | 9.2% | 7.4% | 5.6% |
| Shares Outstanding | 487M | 497M | 499M | 506M | 524M | 402M |
ANALOG DEVICES INC passes 5 of 9 quality checks, suggesting mixed fundamentals.
ANALOG DEVICES INC trades at 68.0x trailing earnings, compared to its 15-year median P/E of 32.8x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 39.8x vs a median of 25.2x. The company's 5-year average ROIC is 6.3% with a gross margin of 61.4%. Total shareholder yield (dividends + buybacks) is 2.8%. At current prices, the estimated annualized return to fair value is +5.9%.
ANALOG DEVICES INC (ADI) has a net profit margin of 20.6%. This is a strong margin indicating high profitability.
ANALOG DEVICES INC (ADI) generated $4.3 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ANALOG DEVICES INC (ADI) has a debt-to-equity ratio of 0.26. This indicates a conservatively financed balance sheet.
ANALOG DEVICES INC (ADI) reported earnings per share (EPS) of $4.56 in its most recent fiscal year.
ANALOG DEVICES INC (ADI) has a return on equity (ROE) of 6.6%. This indicates moderate shareholder returns.
ANALOG DEVICES INC (ADI) has a 5-year average gross margin of 61.4%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 19 years of financial data for ANALOG DEVICES INC (ADI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ANALOG DEVICES INC (ADI) has a book value per share of $68.01, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects fiscal 2026 to be a banner year driven by broad-based demand across industrial, automotive, communications and consumer end markets, with particular strength in automated test equipment, data center, and energy storage systems. The company anticipates continued double-digit growth in healthcare and automotive markets, supported by expanding design pipelines, industry transitions to advanced memory architectures, and expected double-digit hyperscaler capital expenditure growth. Industrial and communications are expected to lead growth in 2026, with industrial benefiting from cyclical recovery and company-specific execution in automation, aerospace and defense, and energy infrastructure, while communications growth is driven by AI infrastructure and data center expansion. Management remains focused on capitalizing on secular trends including autonomous driving, sustainable energy transition, and AI-driven computing, while maintaining disciplined execution and strong free cash flow generation to support shareholder returns.
Based on recent SEC filings and earnings calls, ANALOG DEVICES INC (ADI) has provided the following forward guidance: Revenue: $3.9 billion, ±$100 million (Q3 FY2026); Operating margin: 49%, ±100 basis points (Q3 FY2026); Adjusted EPS: $3.30, ±$0.15 (Q3 FY2026).