Stocks · Technology · Semiconductors
Analog Devices, Inc. ADI
$417.15 +3.10% Close, Oct 2, 2026 · NASDAQ · Market cap $203.19B
Strong trendLow risk
Next earnings report: Nov 24, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $8.43, up 115.1% year over year.
- Operating margin widened to 35.5% from 24.6% a year earlier.
- Earnings beat analyst estimates in each of the last 12 quarters (average surprise over the last four: +4.4%).
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth77Positive
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 15%
- EPS growth (TTM, YoY)Top 18%
- FCF growth (TTM, YoY)Top 37%
- Revenue growth, 3-year CAGRBottom 21%
- Revenue growth accelerationTop 27%
Quality71Positive
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 28%
- Gross marginTop 32%
- Operating marginTop 5%
- Cash conversion (OCF / net income)Bottom 33%
- Accruals (lower is better)Bottom 26%
- Net debt / EBITDA (lower is better)Bottom 41%
- Interest coverTop 24%
Value46Neutral
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 39%
- Free-cash-flow yieldBottom 47%
- EBITDA / enterprise valueTop 50%
- Sales / enterprise valueBottom 16%
- P/E vs own 5-year history (lower is better)Top 45%
Momentum83Strong
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 22%
- 6-month returnTop 44%
- 1-year return vs S&P 500Top 20%
- Distance from 52-week highTop 13%
- Trend checklist (0–4)Top 18%
Revisions67Positive
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 34%
- Consecutive EPS beatsTop 19%
- Share of analysts rating BuyTop 20%
- Upside to consensus price targetBottom 36%
Stability80Strong
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 7%
- Maximum drawdown, 3 yearsTop 3%
- Beta vs S&P 500 (lower is better)Bottom 38%
- Net debt / EBITDA (lower is better)Bottom 41%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 29.8% | 33.6% | ↑ |
| EPS growth (YoY) | 83.4% | 115.1% | ↑ |
| Gross margin | 60.2% | 65.8% | ↑ |
| Operating margin | 24.6% | 35.5% | ↑ |
| FCF margin | 35.4% | 35.6% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 33.6% | 29.8% | ↑ | Top 15% |
| EPS growth (TTM, YoY) | 115.1% | 83.4% | ↑ | Top 18% |
| Gross margin | 65.8% | 60.2% | ↑ | Top 32% |
| Operating margin | 35.5% | 24.6% | ↑ | Top 5% |
| Net margin | 29.8% | 18.8% | ↑ | — |
| Free-cash-flow margin | 35.6% | 35.4% | ↑ | — |
| Return on invested capital | 9.6% | — | Top 28% | |
| Revenue growth, 3-year CAGR | -2.8% | — | Bottom 21% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.34×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -2.9%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 2.5%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +20.2 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 1.06×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 14.1×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 1.01%
- Net buyback yield (TTM)
- 1.48%
- Shareholder yield
- 2.48%
- Share count change, 1 year
- -1.3%
- Share count change, 3-year CAGR
- -0.9%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Aug 1, 2026 (filed Aug 19, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 12
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +4.4%
- Average 2-day reaction, last 8
- +1.6%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $480.24
- Target vs current price
- +15.1%
- Analysts with a rating
- 54
- Share rating Buy or Strong Buy
- 83%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 19, 2026 | +3.3% | -0.9% | -0.8% | -3.9% | — |
| May 20, 2026 | +6.9% | -3.9% | +0.6% | +0.0% | -6.0% |
| Feb 18, 2026 | +6.5% | +2.6% | +5.5% | -7.1% | +28.1% |
| Nov 25, 2025 | +0.9% | +5.3% | +14.0% | +15.6% | +48.4% |
| Aug 20, 2025 | +5.1% | +6.3% | +10.9% | +6.9% | +4.8% |
| May 22, 2025 | +8.8% | -4.6% | -2.9% | +2.8% | +4.2% |
| Feb 19, 2025 | +5.8% | +9.7% | +6.8% | -5.0% | +3.0% |
| Nov 26, 2024 | +1.8% | -2.0% | -0.9% | -2.5% | +5.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 19, 2026 | $3.45 | $3.34 | +3.3% | $4.02B |
| May 20, 2026 | $3.09 | $2.89 | +6.9% | $3.62B |
| Feb 18, 2026 | $2.46 | $2.31 | +6.5% | $3.16B |
| Nov 25, 2025 | $2.26 | $2.24 | +0.9% | $3.08B |
| Aug 20, 2025 | $2.05 | $1.95 | +5.1% | $2.88B |
| May 22, 2025 | $1.85 | $1.70 | +8.8% | $2.64B |
| Feb 19, 2025 | $1.63 | $1.54 | +5.8% | $2.42B |
| Nov 26, 2024 | $1.67 | $1.64 | +1.8% | $2.44B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 49.5× | 49.0× | 52th | Top 39% |
| P/E (forward) | 32.4× | — | — | — |
| EV / EBITDA | 32.2× | — | — | Top 50% |
| EV / Sales | 15.14× | — | — | Bottom 16% |
| Free-cash-flow yield | 2.43% | — | — | Bottom 47% |
| Earnings yield | 2.02% | — | — | Top 39% |
P/E over the past five years
Range 24.1× – 77.0× since Jul 31, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +74.3%
- Earnings per share growth (TTM)
- +115.1%
- Change in P/E multiple
- -29.1%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 11
- Days above the 200-day average
- 216
- 50-day average slope (20 days)
- -0.8%
- 200-day average slope (20 days)
- +3.4%
- Distance from 50-day average
- +11.1%
- Distance from 200-day average
- +16.0%
- RSI (14)
- 72.1
- Relative volume
- 0.80×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 31.8%
- Volatility vs own 5-year history
- 54th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.59
- Correlation with S&P 500
- 0.67
- Current drawdown from 1-year high
- -6.4%
- Maximum drawdown, 3 years
- -32.5%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Feb 20, 2025 | Apr 4, 2025 | -32.5% | 31 days | 60 days (Jul 2, 2025) |
| Nov 19, 2021 | Oct 14, 2022 | -27.6% | 226 days | 84 days (Feb 15, 2023) |
| Jul 31, 2023 | Oct 30, 2023 | -21.9% | 64 days | 32 days (Dec 14, 2023) |
| Jun 22, 2026 | Jul 29, 2026 | -20.7% | 26 days | Not yet recovered |
| Jul 16, 2024 | Aug 5, 2024 | -17.6% | 14 days | 136 days (Feb 20, 2025) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $203.19B
- P/E (TTM)
- 49.5
- EPS, diluted (TTM)
- $8.43
- Revenue (TTM)
- $13.88B
- Dividend yield
- 1.03%
- 52-week range
- $223.47 – $445.91
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $7.32B | $12.01B | $12.31B | $9.43B | $11.02B |
| Gross profit | $4.86B | $7.80B | $7.88B | $5.38B | $6.77B |
| Operating income | $1.69B | $3.28B | $3.82B | $2.03B | $2.93B |
| Net income | $1.39B | $2.75B | $3.31B | $1.64B | $2.27B |
| EPS (diluted) | $3.46 | $5.25 | $6.55 | $3.28 | $4.56 |
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.44B | $2.42B | $2.64B | $2.88B | $3.08B | $3.16B | $3.62B | $4.02B |
| Net income | $478.1M | $391.3M | $569.8M | $518.5M | $787.7M | $830.8M | $1.18B | $1.34B |
| EPS (diluted) | $0.96 | $0.78 | $1.14 | $1.04 | $1.60 | $1.69 | $2.40 | $2.74 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $2.74B | $4.48B | $4.82B | $3.85B | $4.81B |
| Capital expenditure | -$343.7M | -$699.3M | -$1.26B | -$730.5M | -$533.6M |
| Free cash flow | $2.39B | $3.78B | $3.56B | $3.12B | $4.28B |
| Dividends paid | -$1.11B | -$1.54B | -$1.68B | -$1.80B | -$1.92B |
| Net share buybacks | -$3.11B | -$2.58B | -$2.96B | -$615.6M | -$2.06B |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $2.32B
- Total assets
- $48.42B
- Total liabilities
- $14.87B
- Total debt
- $9.12B
- Net debt
- $6.96B
- Shareholders’ equity
- $33.55B
As of Aug 1, 2026 (filed Aug 19, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 1, 2026 | $1.10 | Sep 15, 2026 |
| Jun 2, 2026 | $1.10 | Jun 16, 2026 |
| Mar 3, 2026 | $1.10 | Mar 17, 2026 |
| Dec 8, 2025 | $0.99 | Dec 22, 2025 |
| Sep 2, 2025 | $0.99 | Sep 16, 2025 |
| Jun 4, 2025 | $0.99 | Jun 18, 2025 |
| Mar 4, 2025 | $0.99 | Mar 17, 2025 |
| Dec 9, 2024 | $0.92 | Dec 20, 2024 |
Short interest
- Shares sold short
- 8,621,427
- Days to cover
- 2.67
- Change vs previous report
- -1.5%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Mar 16, 2000
- 2-for-1
- Jan 7, 1997
- 4-for-3
- Jan 4, 1996
- 3-for-2
- Jan 5, 1995
- 3-for-2
- Apr 15, 1986
- 4-for-3