Analog Devices, Inc. (ADI) Stock

Analog Devices, Inc. (ADI) is a Technology stock trading at $389.32 (as of 2026-08-14), with a market capitalization of $189.63B and a trailing P/E of 57.2. 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 designs, manufactures, tests, and markets integrated circuits, software, and subsystems, selling items such as data converters, power management and reference products, and power ICs into automotive, communications, industrial, and high-end consumer markets.

Analog Devices' profit engine is supported by very high profitability on sales (gross margin 67.3% and operating margin 38.1%), consistent with a value-add semiconductor portfolio spanning analog, mixed-signal, and digital signal processing products.

Business quality (Strong): Demand visibility looks constructive (Book-to-Bill Ratio 1.2), and lead-time execution is strong (95% ship within 13 weeks), but inventory levels and lead-time constraints (Days of Inventory 168, Channel Inventory 8 weeks, maximum stated lead time 52) can amplify working-capital and cycle risks.

Valuation: At 62× earnings, ADI trades 21% above the Semiconductors average (51×). Note: one-time items can distort reported P/E.

Bull case

  • Book-to-Bill Ratio: At 1.2, it suggests incoming orders are running ahead of sales (a constructive demand signal).
  • Lead-Time Performance (Ship Within 13 Weeks): At 95%, execution against lead time appears strong.

Bear case

  • Days of Inventory: At 168, inventory is sizable, which can increase exposure to demand swings if sales slow.
  • Channel Inventory (Weeks): At 8 weeks, channel stock can become a constraint if downstream demand softens.
Valuation — source: SEC EDGAR (first-party)
Price$389.32
Market Cap$189.63B
P/E Ratio57.2
EV / EBITDA42.8
Price / Book5.62
Price / Sales14.88
FCF Yield2.4%
DCF Value (model)$25.57
DCF Upside vs Price-93.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$11.02B
Net Margin20.6%
Revenue Growth (YoY)37.2%
EPS Growth (YoY)109.6%
FCF Growth (YoY)0.7%
Financial Health — source: SEC EDGAR
Altman Z-Score8.90 (safe)
Piotroski F-Score8/9 (strong)
Valuation vs Sector & Industry
Stock P/E57.2
Sector P/E (Technology)35.0
Industry P/E (Electronic Equipment)42.1
vs Sector63.5%
vs Industry36.0%
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 (SIC 3674 / Electronic Equipment; 8 closest by market cap; US-domiciled)

  • Intel Corporation (INTC)
  • Applied Materials, Inc. (AMAT)
  • Texas Instruments Incorporated (TXN)
  • Marvell Technology, Inc. (MRVL)
  • Monolithic Power Systems, Inc. (MPWR)
  • Astera Labs, Inc. Common Stock (ALAB)
  • Credo Technology Group Holding Ltd (CRDO)
  • Microchip Technology Incorporated (MCHP)
ADI earnings history · ADI institutional & insider holders · ADI KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-14.

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