Analog Devices (ADI) stock
Information Technology · Semiconductors
Analog Devices (ADI) is a Semiconductors company in the Information Technology sector, headquartered in Wilmington, Massachusetts. As of October 23, 2026, ADI closed at $391.07, a market capitalization of $189.50 billion, the 60th largest company in the S&P 500. Over the last twelve months it generated $13.88 billion in revenue (+40% year over year) and $4.94 billion in free cash flow. The stock trades at 46.4x trailing earnings and 23.7x forward earnings.
- 1-year total return: +62.8% (dividends reinvested)
- 5-year return: +19.0% a year
- 52-week range: $223.47 – $445.91
- Gross margin 65.8%, operating margin 39.5%
- Dividend yield: 1.13%, 22 straight years of increases
- FI Handbook report card: B across 10 metrics
- 22nd largest of 75 Information Technology stocks in the S&P 500
ADI price chart
1Y price change: +60.7% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| ADI | +1.5% | +45.5% | +62.8% | +35.7% | +19.0% | +22.3% | +15.7% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1980.
ADI key statistics
- Market cap
- $189.5B
- #60 in S&P 500
- P/E (TTM)
- 46.4x
- Forward P/E
- 23.7x
- EPS (TTM)
- $8.42
- Revenue (TTM)
- $13.9B
- +40%
- Free cash flow
- $4.9B
- Gross margin
- 65.8%
- Operating margin
- 39.5%
- Return on equity
- 12.2%
- Dividend yield
- 1.13%
- 52-week range
- $223.47 – $445.91
- Beta
- 1.23
- Price / sales
- 13.7x
- EV / EBITDA
- 28.4x
- Debt / equity
- 0.27x
- Employees
- 24,500
ADI report card
BTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth39.6%A
- Gross margin65.8%A
- Operating margin39.5%A
- FCF margin35.6%A
- Return on equity12.2%C
- Net debt / EBITDA1.0xB
- Forward P/E23.7xC
- PEG ratio0.5xA
- Shareholder yield2.3%C
- Share count change / yr6.0%F
Analog Devices financials
Revenue went from $3.4B in fiscal 2016 to $11.0B in fiscal 2025, growing 13.9% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.4B | $5.2B | $6.2B | $6.0B | $5.6B | $7.3B | $12.0B | $12.3B | $9.4B | $11.0B |
| Gross profit | $2.2B | $3.2B | $4.3B | $4.0B | $3.7B | $4.5B | $7.5B | $7.9B | $5.4B | $6.8B |
| Operating income | $1.0B | $1.2B | $1.9B | $1.7B | $1.5B | $1.7B | $3.3B | $3.8B | $2.0B | $2.9B |
| Net income | $861.7M | $805.4M | $1.5B | $1.4B | $1.2B | $1.4B | $2.7B | $3.3B | $1.6B | $2.3B |
| EPS (diluted) | — | — | — | — | $3.28 | $3.46 | $5.25 | $6.55 | $3.28 | $4.56 |
| Free cash flow | $1.2B | $950.3M | $2.2B | $2.0B | $1.8B | $2.4B | $3.8B | $3.6B | $3.1B | $4.3B |
| Buybacks | $370.1M | $46.5M | $226.0M | $613.0M | $244.5M | $2.6B | $2.6B | $3.0B | $615.6M | $2.2B |
| Dividends paid | $513.2M | $602.1M | $703.3M | $777.5M | $886.2M | $1.1B | $1.5B | $1.7B | $1.8B | $1.9B |
| Diluted shares | 312.3M | 350.5M | 374.9M | 372.9M | 372.0M | 401.3M | 523.2M | 506.0M | 498.7M | 496.7M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into ADI?
A reverse DCF asks what growth the current price requires. With an enterprise value of $196.3B and $4.9B of trailing free cash flow, Analog Devices needs to grow free cash flow about 28.3% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 18.3% a year over the last five years.
P/E ratio history
Current 85.8x vs. median 34.3x (10th–90th percentile 14.0x–58.4x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
ADI dividend
- Dividend yield
- 1.13%
- Annual dividend
- $4.40
- Years of increases
- 22
- 5-yr dividend growth
- 9.8%
- per year
- Payout ratio
- 50%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
ADI analyst price targets
32 analysts' average 12-month target is $472.44 (+21% vs. $391.07). Targets range from $365.00 to $675.00. 88% rate it a buy.
ADI earnings
Next report: November 24, 2026. Analog Devices has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $4.0B (+40% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 19, 2026 | $3.34 | $3.45 | +3.3% |
| May 20, 2026 | $2.91 | $3.09 | +6.2% |
| Feb 18, 2026 | $2.31 | $2.46 | +6.5% |
| Nov 25, 2025 | $2.23 | $2.26 | +1.1% |
| Aug 20, 2025 | $1.95 | $2.05 | +5.3% |
| May 22, 2025 | $1.70 | $1.85 | +9.1% |
| Feb 19, 2025 | $1.54 | $1.63 | +5.6% |
| Nov 26, 2024 | $1.64 | $1.67 | +1.9% |
Stocks like ADI
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 NVDA NVIDIA | -0.59% | +16% | $5.1T | 26.7x | Compare |
 AVGO Broadcom | -0.48% | -6% | $1.5T | 42.9x | Compare |
 MU Micron Technology | +2.46% | +325% | $992.9B | 11.8x | Compare |
 AMD Advanced Micro Devices | +1.74% | +120% | $843.6B | 131.8x | Compare |
 INTC Intel | +1.72% | +128% | $459.7B | — | Compare |
 TXN Texas Instruments | +1.86% | +70% | $260.0B | 36.9x | Compare |
 MRVL Marvell Technology | +2.26% | +177% | $205.4B | 75.2x | Compare |
 QCOM QUALCOMM | +1.78% | +6% | $187.8B | 20.4x | Compare |
ADI news
- Is Trending Stock Analog Devices, Inc. (ADI) a Buy Now? · Oct 23, 2026
- Analog Devices to Report Fourth Quarter Fiscal Year 2026 Financial Results on Tuesday, November 24, 2026 · Oct 22, 2026
- Analog Devices (ADI) Is A Key Competitor In Digital Power ICs · Oct 22, 2026
- Analog Devices (ADI) Rises Higher Than Market: Key Facts · Oct 21, 2026
- Analog Devices Recommends Shareholders Reject "Mini-Tender" Offer by Tutanota LLC · Oct 21, 2026
ADI stock FAQ
What is ADI's market cap?
Analog Devices's market capitalization is $189.50 billion as of October 23, 2026, ranking 60th in the S&P 500.
What is ADI's P/E ratio?
ADI trades at a trailing price-to-earnings ratio of 46.4x and a forward P/E of 23.7x. Its median P/E over the period we track is 34.3x.
Does ADI pay a dividend?
Yes. Analog Devices pays $4.40 per share a year, a 1.13% yield. It has raised its dividend 22 years in a row. Dividends grew 9.8% a year over the last five years.
How much has ADI stock returned?
Including reinvested dividends, ADI returned +62.8% over one year, +19.0% a year over five years, +22.3% a year over ten years through October 23, 2026.
Is ADI stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Analog Devices must grow free cash flow about 28% a year for the next decade. Its free cash flow grew 18% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the ADI price target?
32 analysts cover ADI with an average 12-month price target of $472.44, +21% from the current price. 88% of them rate it a buy.
When does ADI report earnings?
Analog Devices is expected to report earnings on November 24, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does Analog Devices have?
Analog Devices has about 24,500 full-time employees, or $566,602 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology