Analog Devices projects first-quarter revenue of over $3.1 billion, surpassing analysts' expectations of $2.96 billion. This optimistic forecast indicates strong performance amid a recovery in demand, likely boosting stock prices further.
The company anticipates adjusted earnings of $2.29 per share, exceeding the $2.16 per share estimate. This reflects successful cost management and a rebound in market demand, particularly in the industrial and communications sectors.
In its fourth quarter, Analog Devices reported revenue of $3.08 billion, beating the forecast of $3.01 billion, with a notable 34% year-over-year increase in the industrial segment. The company generated $4.8 billion in operating cash flow and returned 96% of free cash flow to shareholders, including significant share repurchases and dividends.
Looking ahead, Analog Devices forecasts continued growth, driven by increased enterprise investments in infrastructure, especially in factory automation and digital healthcare.
Wall Street analysts forecast ADI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ADI is 290.38 USD with a low forecast of 240.00 USD and a high forecast of 350.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
23 Analyst Rating
Wall Street analysts forecast ADI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ADI is 290.38 USD with a low forecast of 240.00 USD and a high forecast of 350.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Buy
4 Hold
0 Sell
Strong Buy
Current: 317.625
Low
240.00
Averages
290.38
High
350.00
Current: 317.625
Low
240.00
Averages
290.38
High
350.00
Susquehanna
Positive
maintain
$350 -> $360
2026-01-22
Reason
Susquehanna
Price Target
$350 -> $360
AI Analysis
2026-01-22
maintain
Positive
Reason
Susquehanna raised the firm's price target on Analog Devices to $360 from $350 and keeps a Positive rating on the shares. The firm updated targets in the semiconductor group as a part of an earnings preview. Susquehanna generally expects in-line results to modest upside in Q4, amid a "steadying upcycle" and a broadening of the artificial intelligence infrastructure supply chain. While the industrial end market is improving, auto remains somewhat challenged, the analyst tells investors in a research note.
BofA
Buy
upgrade
$320 -> $350
2026-01-21
Reason
BofA
Price Target
$320 -> $350
2026-01-21
upgrade
Buy
Reason
BofA raised the firm's price target on Analog Devices to $350 from $320 and keeps a Buy rating on the shares. The firm raised price targets for most of its diversified analog semi stock coverage, noting that it expects modest calendar Q4 beats and Q1 raises across the board led by industrial semis given ongoing rebounds across most subsegments, favorable pricing, and robust growth in strategic AI businesses.
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Oppenheimer
Oppenheimer
Outperform
maintain
$265 -> $350
2026-01-16
Reason
Oppenheimer
Oppenheimer
Price Target
$265 -> $350
2026-01-16
maintain
Outperform
Reason
Oppenheimer raised the firm's price target on Analog Devices to $350 from $265 and keeps an Outperform rating on the shares as part of a 2026 preview for the semiconductor group. The firm sees estimate upside to this quarter's results and outlook for most companies amid artificial intelligence strength. Oppenheimer remains stock selective, "favoring structural growth for through-cycle outperformance." It believes Analog Devices is well positioned for a cyclical recovery.
Stifel
Buy
maintain
$290 -> $330
2026-01-16
Reason
Stifel
Price Target
$290 -> $330
2026-01-16
maintain
Buy
Reason
Stifel raised the firm's price target on Analog Devices to $330 from $290 and keeps a Buy rating on the shares as part of the firm's Q4 earnings preview for the analog, connectivity and processors group. The firm sees analog appetite returning, even as AI infrastructure remains strong and edge AI becomes "more of a reality," the analyst tells investors in the preview.
About ADI
Analog Devices, Inc. is a global semiconductor company. The Company designs, manufactures, tests, and markets a portfolio of solutions, including integrated circuits (ICs), software and subsystems that leverage high-performance analog, mixed-signal and digital signal processing technologies. Its comprehensive product portfolio, domain specialization and manufacturing capabilities extend across high-performance precision and high-speed mixed-signal, power management and processing technologies, including data converters, amplifiers, power management, radio frequency (RF) ICs, edge processors and other sensors. The Company's IC product portfolio includes both general-purpose products used by a range of customers and applications, as well as application-specific products designed for specific target markets. Its analog ICs monitor, condition, amplify or transform continuous analog signals associated with physical properties, such as temperature, pressure, weight, light, sound or motion.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
