Analog Devices, Inc. (ADI) Stock

Analog Devices, Inc. (ADI) is a Technology stock trading at $371.27 (as of 2026-08-24), with a market capitalization of $180.84B and a trailing P/E of 43.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Analog Devices, Inc. designs, manufactures, and markets integrated circuits, along with related software and subsystems that use analog, mixed-signal, and digital signal processing technologies. Its offerings include data converter, power management, signal conditioning, radio-frequency and microwave, and MEMS products, which serve customers across automotive, communications, industrial, and high-end consumer applications.

Understand Analog Devices, Inc.: how it makes money

Analog Devices makes analog, mixed-signal, and digital signal-processing chips, software, and subsystems for automotive, communications, industrial, and high-end consumer uses, and makes money by selling those products.

Analog Devices earns its profits by selling specialized signal-processing products whose design value supports high margins across multiple end markets.

Business quality (Strong): Strong business quality, supported by rapid growth and high margins, but the premium valuation raises the bar for execution.

Valuation: At 44× earnings, ADI trades 14% above the Semiconductors average (38×).

Bull case

  • Demand is growing quickly: Quarterly revenue $4.0B (+40% YoY) shows strong current growth, which could improve earnings power if demand persists.
  • High margins provide resilience: gross margin 67% and operating margin 40% show substantial profitability, giving the business a cushion if demand becomes less favorable.

Bear case

  • Premium valuation raises expectations: P/E 44.0× vs Semiconductors industry 38× (14% above) means the shares already command a premium, so weaker execution could pressure returns.
Valuation — source: SEC EDGAR (first-party)
Price$371.27
Market Cap$180.84B
P/E Ratio43.7
EV / EBITDA34.9
Price / Book5.39
Price / Sales13.03
FCF Yield2.7%
DCF Value (model)$25.65
DCF Upside vs Price-93.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$11.02B
Net Margin20.6%
Revenue Growth (YoY)39.6%
EPS Growth (YoY)162.9%
FCF Growth (YoY)34.3%
Financial Health — source: SEC EDGAR
Altman Z-Score8.53 (safe)
Piotroski F-Score8/9 (strong)
Valuation vs Sector & Industry
Stock P/E43.7
Sector P/E (Technology)33.9
Industry P/E (Electronic Equipment)38.8
vs Sector29.0%
vs Industry12.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($13.80B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryElectronic Equipment
CEOVincent T. Roche
Employees24,000
CountryUS
IPO Date1980-03-17

Related Companies (Electronic Equipment; 8 comparable electronics makers)

  • Texas Instruments Incorporated (TXN)
  • GLOBALFOUNDRIES Inc. (GFS)
  • ON Semiconductor Corporation (ON)
  • Microchip Technology Incorporated (MCHP)
  • Micron Technology, Inc. (MU)
  • Marvell Technology, Inc. (MRVL)
  • Amkor Technology, Inc. (AMKR)
  • Intel Corporation (INTC)
ADI earnings history · ADI institutional & insider holders · ADI KPIs & operating metrics · ADI financials · ADI investor presentations & press releases · ADI SEC filings · ADI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.