ADI Stock Analysis: Analog Devices | NASDAQ
Semiconductors | NASDAQ, USA | Market Cap: 203.081m USD | 12M Return: 75.3% | US0326541051 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 1.17B
EPS Trend: 25.9%
Qual. Beats: 3
Rev. Trend: 39.3%
Qual. Beats: 10
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Analog Devices, Inc. (NASDAQ: ADI) is a U.S.-based semiconductor company that designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems. Founded in 1965 and headquartered in Wilmington, Massachusetts, the company sells globally across the Americas, Europe, Japan, China, and the rest of Asia through a direct sales force, third-party distributors, independent sales representatives, and online channels. Its product portfolio spans data converters, power management and reference products, power ICs, amplifiers, radio frequency and microwave ICs, micro-electro-mechanical systems (MEMS) solutions such as accelerometers, gyroscopes, inertial measurement units, broadband switches, and isolators, as well as digital signal processing and system products. End markets served include industrial, automotive, consumer, instrumentation, aerospace and defense, healthcare, and communications.
ADI operates as an integrated device manufacturer (IDM), meaning it retains in-house wafer fabrication and assembly capabilities rather than outsourcing all production, which is typical for companies in the analog and mixed-signal segment of the semiconductor industry. Analog and mixed-signal chips serve as the interface between real-world physical phenomena (such as temperature, motion, sound, and light) and digital processors, a function required across a broad range of electronic systems, which underpins the companys diversified end-market exposure.
- Industrial segment weakness pressures revenue outlook
- China revenue exposure fuels export control concerns
- Automotive electrification lifts precision analog content per vehicle
| Net Income: 4.14b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 2.56 > 1.0 |
| NWC/Revenue: 10.20% < 20% (prev 37.99%; Δ -27.78% < -1%) |
| CFO/TA 0.11 > 3% & CFO 5.55b > Net Income 4.14b |
| Net Debt (6.87b) to EBITDA (7.03b): 0.98 < 3 |
| Current Ratio: 1.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (490.3m) vs 12m ago -1.29% < -2% |
| Gross Margin: 65.80% > 18% (prev 60.15%; Δ 5.65% > 0.5%) |
| Asset Turnover: 28.74% > 50% (prev 21.55%; Δ 7.18% > 0%) |
| Interest Coverage Ratio: 14.41 > 6 (EBIT TTM 5.05b / Interest Expense TTM 350.8m) |
| A: 0.03 (Total Current Assets 7.07b - Total Current Liabilities 5.66b) / Total Assets 48.4b |
| B: 0.25 (Retained Earnings 12.3b / Total Assets 48.4b) |
| C: 0.10 (EBIT TTM 5.05b / Avg Total Assets 48.3b) |
| D: 2.26 (Book Value of Equity 33.6b / Total Liabilities 14.9b) |
| Altman-Z'' = 4.09 = AA |
| DSRI: 1.15 (Receivables 2.39b/1.55b, Revenue 13.9b/10.4b) |
| GMI: 0.91 (GM 60.15% / 65.80%) |
| AQI: 1.00 (AQ_t 0.78 / AQ_t-1 0.79) |
| SGI: 1.34 (Revenue 13.9b / 10.4b) |
| TATA: -0.03 (NI 4.14b - CFO 5.55b) / TA 48.4b) |
| Beneish M = -2.74 (Cap -4..+1) = A |
As of October 13, 2026, the stock is trading at USD 406.19 with a total of 2,003,799 shares traded. Over the past week, the price has changed by -2.63%, over one month by +7.24%, over three months by +5.55% and over the past year by +75.25%.
Current recommended Stop Loss: 391.50 (which is 3.6% or 1.3 ATR below the current price).
Analog Devices has received a consensus analysts rating of 4.59. Therefore, it is recommended to buy ADI.
- StrongBuy: 24
- Buy: 6
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 470.7 | 15.9% |
P/E Trailing = 49.7743
P/E Forward = 23.2019
P/S = 14.6294
P/B = 5.5638
P/EG = 0.5757
Revenue TTM = 13.9b USD
EBIT TTM = 5.05b USD
EBITDA TTM = 7.03b USD
Long Term Debt = 6.77b USD (from longTermDebt, last quarter)
Short Term Debt = 2.35b USD (from shortTermDebt, last quarter)
Debt = 9.19b USD (from shortLongTermDebtTotal, last quarter) + Leases 72.9m
Net Debt = 6.87b USD (calculated: Debt 9.19b - CCE 2.32b)
Enterprise Value = 210b USD (203b + Debt 9.19b - CCE 2.32b)
Interest Coverage Ratio = 14.41 (Ebit TTM 5.05b / Interest Expense TTM 350.8m)
EV/FCF = 42.52x (Enterprise Value 210b / FCF TTM 4.94b)
FCF Yield = 2.35% (FCF TTM 4.94b / Enterprise Value 210b)
FCF Margin = 35.57% (FCF TTM 4.94b / Revenue TTM 13.9b)
Net Margin = 29.79% (Net Income TTM 4.14b / Revenue TTM 13.9b)
Gross Margin = 65.80% ((Revenue TTM 13.9b - Cost of Revenue TTM 4.75b) / Revenue TTM)
Gross Margin QoQ = 67.32% (prev 67.33%)
Tobins Q-Ratio = 4.34 (Enterprise Value 210b / Total Assets 48.4b)
Interest Expense / Debt = 3.82% (Interest Expense 350.8m / Debt 9.19b)
Taxrate = 12.09% (568.8m / 4.70b)
NOPAT = 4.44b (EBIT 5.05b * (1 - 12.09%))
Current Ratio = 1.25 (Total Current Assets 7.07b / Total Current Liabilities 5.66b)
Debt / Equity = 0.27 (Debt 9.19b / totalStockholderEquity, last quarter 33.6b)
Debt / EBITDA = 0.98 (Net Debt 6.87b / EBITDA 7.03b)
Debt / FCF = 1.39 (Net Debt 6.87b / FCF TTM 4.94b)
Total Stockholder Equity = 33.7b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.56% (Net Income 4.14b / Total Assets 48.4b)
RoE = 12.26% (Net Income TTM 4.14b / Total Stockholder Equity 33.7b)
RoCE = 12.48% (EBIT 5.05b / Capital Employed (Equity 33.7b + L.T.Debt 6.77b))
RoIC = 10.00% (NOPAT 4.44b / Invested Capital 44.4b)
WACC = 11.77% (E(203b)/V(212b) * Re(12.15%) + D(9.19b)/V(212b) * Rd(3.82%) * (1-Tc(0.12)))
Discount Rate = 12.15% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -92.61 | Cagr: -0.74%
[DCF] Terminal Value 67.74% ; FCFF base≈4.43b ; Y1≈5.08b ; Y5≈7.48b
[DCF] Fair Price = 130.3 (EV 70.0b - Net Debt 6.87b = Equity 63.1b / Shares 484.6m; r=11.77% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 25.86 | EPS CAGR: 5.76% | SUE: 2.08 | # QB: 3
Revenue Correlation: 39.28 | Revenue CAGR: 5.74% | SUE: 2.35 | # QB: 10
EPS current Quarter (2027-01-31): EPS=3.79 | Chg30d=-0.12% | Revisions=+88% | Analysts=25
EPS current Year (2026-10-31): EPS=12.89 | Chg30d=+0.39% | Revisions=+81% | GrowthEPS=+65.5% | GrowthRev=+37.3%
EPS next Year (2027-10-31): EPS=16.35 | Chg30d=+0.07% | Revisions=+88% | GrowthEPS=+26.8% | GrowthRev=+20.3%
[Analyst] Revisions Ratio: +93% (up=67, down=1)