Analog Devices, Inc.

NasdaqGS:ADI Stock Report

Market Cap: US$194.2b

Analog Devices Future Growth

Future criteria checks 4/6

Analog Devices is forecast to grow earnings and revenue by 20.3% and 11.5% per annum respectively. EPS is expected to grow by 21.7% per annum. Return on equity is forecast to be 18.2% in 3 years.

Key information

20.3%

Earnings growth rate

21.67%

EPS growth rate

Semiconductor earnings growth26.0%
Revenue growth rate11.5%
Future return on equity18.19%
Analyst coverage

Good

Last updated03 May 2026

Recent future growth updates

Recent updates

Analog Devices: The AI Narrative Is Strong, But Investors Are Hedging

Apr 30

ADI: Data Center And AI Demand Will Drive Multi Year Repricing

The analyst fair value estimate for Analog Devices has been updated to $450 from $430. Analysts broadly attribute higher price targets to recent earnings beats, raised guidance, and sector-specific tailwinds in data center, AI, industrial, and communications demand.

ADI: Data Center And AI Demand Will Drive Multi Year Repricing

Analog Devices' analyst price target is anchored at $430. Many analysts point to recent earnings beats, raised guidance, and strength in data center, AI, and industrial exposure to support their updated models.

ADI: Bridging the Physical and Digital in a Cyclical Super-Recovery

Analog Devices, Inc. (ADI) is currently the primary architect of the "real-world" interface, translating physical phenomena like temperature, pressure, and motion into digital data.

ADI: Data Center And AI Upswing Will Drive Multi Year Earnings Repricing

Analog Devices' analyst price target has been revised from $375 to $430, as analysts point to broad-based target increases across the Street following recent earnings beats, stronger margins, and ongoing benefits from data center, AI, and industrial recovery themes. Analyst Commentary Bullish analysts are clustering around higher price targets for Analog Devices, with many moving into a US$360 to US$430 range after recent quarterly updates.

ADI: Cyclical Recovery And AI Data Center Demand Will Drive Mixed Outcomes

Our updated price target for Analog Devices rises from $204.70 to $314.76, reflecting analysts' higher modeled revenue growth, a richer assumed future P/E multiple, and commentary pointing to upside from data center, AI, industrial exposure, and pricing power, alongside an ongoing cyclical recovery. Analyst Commentary Recent Street research on Analog Devices is broadly constructive, with many firms lifting their price targets after the latest quarterly results and guidance updates.

ADI: Autos And AI Will Support A Disciplined Multi Year Cyclical Recovery

The updated analyst price target for Analog Devices has increased to $379.64 from $313.31. Analysts cite stronger modeled revenue growth, higher profit margins, and supportive trends in data center, AI, and cyclical recovery as key factors for the revised target.

ADI: Autos And AI Are Expected To Support A Measured Cyclical Recovery

Analysts have nudged their price target framework higher for Analog Devices, with fair value moving from US$285.56 to US$313.31 as they factor in Street research pointing to stronger revenue growth assumptions, slightly higher profit margins, a modestly lower discount rate, and a richer future P/E outlook following multiple recent target hikes across major firms. Analyst Commentary Recent Street research on Analog Devices clusters around a broadly positive view, with most firms lifting price targets and a minority trimming theirs while keeping constructive ratings.

ADI: Autos And AI Cyclical Recovery Will Drive Multi Year Earnings Upswing

Our analyst price target for Analog Devices has been raised from US$343.65 to US$375.00. This reflects analysts' updated views on slightly higher revenue growth, profit margins, and future P/E assumptions, supported by a broad wave of recent price target increases across the Street.

ADI: Autos And AI Are Expected To Sustain A Balanced Cyclical Recovery

Our updated narrative price target for Analog Devices moves modestly higher to US$285.56 from US$282.03, reflecting analysts' higher targets tied to upside driven by autos, expanding AI related demand, and an improving cyclical recovery outlook into 2026. Analyst Commentary Recent research updates show a wide range of views, but with a generally constructive tilt around Analog Devices' execution, exposure to autos and AI related demand, and the path into 2026.

ADI: Autos And AI Upside Will Drive Multi Year Earnings Upswing

We are raising our Analog Devices fair value estimate from $310 to approximately $344 per share, as analysts lift price targets on the back of autos and AI driven upside, a stronger cyclical recovery into 2026, and improving confidence in the company’s long term growth and earnings power. Analyst Commentary Recent Street research skewed strongly positive, with bullish analysts lifting price targets across the board and reinforcing the view that Analog Devices is entering a multi year upcycle supported by both cyclical recovery and secular growth drivers.

ADI: AI And Autos Are Expected To Drive Balanced Cyclical Recovery

We modestly lift our Analog Devices fair value estimate to $282.03 from $280.31, as analysts point to autos and AI driven upside, a strengthening cyclical recovery into 2026, and higher long term earnings power despite slightly lower near term margin assumptions. Analyst Commentary Street research remains broadly constructive on Analog Devices, with multiple firms lifting price targets on the back of autos strength, rising AI exposure, and confidence in a multi year cyclical recovery into 2026 and beyond.

ADI: Future Revenue Outlook Will Balance AI Momentum And Cyclical Risks

Analog Devices' fair value estimate has increased from $267.47 to $280.31 per share. Analysts cite secular tailwinds, stronger automotive and AI demand, and improved future revenue forecasts following positive earnings and guidance updates.

Advanced Robotics And Edge AI Will Shape Future Markets

Analog Devices' consensus price target has been raised to $267.47, reflecting analyst confidence in stronger-than-expected earnings and guidance—particularly driven by industrial strength, above-trend growth expectations, and superior operational execution—despite some valuation caution. Analyst Commentary Stronger-than-expected quarterly results and guidance, with particular outperformance in the industrial segment and above-industry growth projections.

Market Participants Recognise Analog Devices, Inc.'s (NASDAQ:ADI) Earnings

Aug 05
Market Participants Recognise Analog Devices, Inc.'s (NASDAQ:ADI) Earnings

What Does Analog Devices, Inc.'s (NASDAQ:ADI) Share Price Indicate?

Jul 23
What Does Analog Devices, Inc.'s (NASDAQ:ADI) Share Price Indicate?

We Think Analog Devices (NASDAQ:ADI) Can Stay On Top Of Its Debt

Jun 14
We Think Analog Devices (NASDAQ:ADI) Can Stay On Top Of Its Debt

Analog Devices: Remain Buy-Rated As ADI Moves Along The Upcycle Phase

Mar 05

Analog Devices: A Signal For Strength - Q1 Earnings Preview

Feb 17

Analog Devices: There's No Need To Take Unnecessary Risks

Jan 24

Analog Devices: Inventory Digestion Challenges Eased; Initiate With 'Buy'

Dec 16

Earnings and Revenue Growth Forecasts

NasdaqGS:ADI - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
10/31/202817,0725,7436,9727,46614
10/31/202715,4034,8056,1366,73829
10/31/202614,0094,0935,3605,97729
1/31/202611,7572,7074,5605,054N/A
11/1/202511,0202,2674,2794,812N/A
8/2/202510,3871,9583,6784,162N/A
5/3/20259,8191,8313,2943,852N/A
2/1/20259,3381,5643,1843,841N/A
11/2/20249,4271,6353,1223,853N/A
8/3/20249,7001,6562,9483,989N/A
5/4/202410,4652,1403,0644,276N/A
2/3/202411,5692,8163,2424,550N/A
10/28/202312,3063,3153,5564,818N/A
7/29/202312,8373,7523,6904,780N/A
4/29/202312,8703,6243,9554,885N/A
1/28/202312,5793,4304,2615,025N/A
10/29/202212,0142,7493,7764,475N/A
7/30/202211,1061,8883,7414,267N/A
4/30/20229,7551,6423,2023,649N/A
1/29/20228,4441,2822,7763,164N/A
10/30/20217,3181,3902,3912,735N/A
7/31/20216,5051,7012,2242,467N/A
5/1/20216,2021,5612,2172,394N/A
1/30/20215,8581,4051,9092,087N/A
10/31/20205,6031,2211,8432,008N/A
8/1/20205,5201,1111,8071,994N/A
5/2/20205,5441,1101,7651,989N/A
2/1/20205,7541,2101,9922,231N/A
11/2/20195,9911,360N/A2,253N/A
8/3/20196,0841,486N/A2,310N/A
5/4/20196,1621,531N/A2,378N/A
2/2/20196,1991,563N/A2,425N/A
11/3/20186,2251,501N/A2,442N/A
8/4/20186,2301,444N/A2,380N/A
5/5/20186,1051,105N/A1,400N/A
2/3/20185,690800N/A1,220N/A
10/28/20175,246803N/A1,154N/A
7/29/20174,570675N/A989N/A
4/29/20174,006837N/A1,603N/A
1/28/20173,636914N/A1,384N/A
10/29/20163,421862N/A1,291N/A
7/30/20163,397662N/A992N/A
4/30/20163,390648N/A935N/A
1/30/20163,433683N/A959N/A
10/31/20153,435697N/A908N/A
8/1/20153,271709N/A972N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ADI's forecast earnings growth (20.3% per year) is above the savings rate (3.4%).

Earnings vs Market: ADI's earnings (20.3% per year) are forecast to grow faster than the US market (16% per year).

High Growth Earnings: ADI's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ADI's revenue (11.5% per year) is forecast to grow faster than the US market (11.2% per year).

High Growth Revenue: ADI's revenue (11.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ADI's Return on Equity is forecast to be low in 3 years time (18.2%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/04 08:57
End of Day Share Price 2026/05/04 00:00
Earnings2026/01/31
Annual Earnings2025/11/01

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Analog Devices, Inc. is covered by 50 analysts. 29 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
George ChangAletheia Analyst Network Limited
Brett SimpsonArete Research Services LLP
Alexi UngerArete Research Services LLP