(ADI) Analog Devices - NASDAQ
Sector: Technology | Industry: Semiconductors | Exchange: NASDAQ (USA) | Market Cap: 211.620m USD | Total Return: 90.6% in 12m
Avg Turnover: 2.07B
EPS Trend: -35.1%
Qual. Beats: 2
Rev. Trend: -9.2%
Qual. Beats: 9
Warnings
No concerns identified
Tailwinds
Pead, Confidence
Analog Devices, Inc. (NASDAQ: ADI) is a U.S.-based semiconductor company that designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems used to bridge the physical and digital worlds. Headquartered in Wilmington, Massachusetts, the company was incorporated in 1965 and has been publicly traded since 1972, currently classified as a mega-cap Information Technology stock within the GICS Semiconductors sub-industry.
ADIs product portfolio centers on high-performance analog and mixed-signal components, including data converters (analog-to-digital and digital-to-analog), power management and reference ICs, amplifiers, RF and microwave ICs, digital signal processors, and micro-electro-mechanical systems (MEMS) such as accelerometers, gyroscopes, and inertial measurement units. Analog semiconductors are characterized by long product lifecycles, deep customer design-in relationships, and pricing that is typically tied to performance and reliability rather than raw transistor count, which supports the segments reputation for higher and more stable margins than the broader chip industry.
The company sells into industrial, automotive, consumer, communications, instrumentation, aerospace/defense, and healthcare end markets, reaching customers through a direct sales force, third-party distributors, and independent sales representatives, as well as online channels. Revenue is geographically diversified across the United States, the rest of the Americas, Europe, Japan, China, and the rest of Asia, with broad exposure across both cyclical (consumer, automotive) and less cyclical (industrial, aerospace/defense, healthcare) demand segments helping to smooth revenue variability over time.
- Automotive electrification lifts power management and MEMS revenue
- China industrial demand recovery drives analog chip sales
- Maxim integration synergies expand margins and free cash flow
| Net Income: 3.31b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 2.56 > 1.0 |
| NWC/Revenue: 26.32% < 20% (prev 29.51%; Δ -3.20% < -1%) |
| CFO/TA 0.11 > 3% & CFO 5.11b > Net Income 3.31b |
| Net Debt (5.32b) to EBITDA (6.23b): 0.85 < 3 |
| Current Ratio: 1.75 > 1.5 & < 3 |
| Outstanding Shares: last quarter (490.5m) vs 12m ago -1.55% < -2% |
| Gross Margin: 64.49% > 18% (prev 58.76%; Δ 5.73% > 0.5%) |
| Asset Turnover: 26.74% > 50% (prev 20.74%; Δ 6.00% > 0%) |
| Interest Coverage Ratio: 12.48 > 6 (EBIT TTM 4.26b / Interest Expense TTM 341.7m) |
| A: 0.07 (Total Current Assets 7.81b - Total Current Liabilities 4.46b) / Total Assets 47.9b |
| B: 0.24 (Retained Earnings 11.5b / Total Assets 47.9b) |
| C: 0.09 (EBIT TTM 4.26b / Avg Total Assets 47.6b) |
| D: 2.38 (Book Value of Equity 33.7b / Total Liabilities 14.2b) |
| Altman-Z'' = 4.34 = AA |
| DSRI: 1.14 (Receivables 2.05b/1.38b, Revenue 12.7b/9.82b) |
| GMI: 0.91 (GM 58.76% / 64.49%) |
| AQI: 0.95 (AQ_t 0.77 / AQ_t-1 0.81) |
| SGI: 1.30 (Revenue 12.7b / 9.82b) |
| TATA: -0.04 (NI 3.31b - CFO 5.11b) / TA 47.9b) |
| Beneish M = -2.81 (Cap -4..+1) = A |
As of June 22, 2026, the stock is trading at USD 434.46 with a total of 11,869,000 shares traded. Over the past week, the price has changed by +5.42%, over one month by +13.39%, over three months by +39.55% and over the past year by +90.63%.
Current recommended Stop Loss: 385.20 (which is 11.3% or 2.8 ATR below the current price).
Analog Devices has received a consensus analysts rating of 4.13. Therefore, it is recommended to buy ADI.
- StrongBuy: 16
- Buy: 5
- Hold: 9
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 450.7 | 3.7% |
P/E Trailing = 64.4599
P/E Forward = 35.461
P/S = 16.6104
P/B = 6.2717
P/EG = 0.9508
Revenue TTM = 12.7b USD
EBIT TTM = 4.26b USD
EBITDA TTM = 6.23b USD
Long Term Debt = 7.24b USD (from longTermDebt, last quarter)
Short Term Debt = 1.45b USD (from shortTermDebt, last quarter)
Debt = 8.76b USD (from shortLongTermDebtTotal, last quarter) + Leases 72.9m
Net Debt = 5.32b USD (calculated: Debt 8.76b - CCE 3.44b)
Enterprise Value = 217b USD (212b + Debt 8.76b - CCE 3.44b)
Interest Coverage Ratio = 12.48 (Ebit TTM 4.26b / Interest Expense TTM 341.7m)
EV/FCF = 47.52x (Enterprise Value 217b / FCF TTM 4.57b)
FCF Yield = 2.10% (FCF TTM 4.57b / Enterprise Value 217b)
FCF Margin = 35.83% (FCF TTM 4.57b / Revenue TTM 12.7b)
Net Margin = 26.01% (Net Income TTM 3.31b / Revenue TTM 12.7b)
Gross Margin = 64.49% ((Revenue TTM 12.7b - Cost of Revenue TTM 4.52b) / Revenue TTM)
Gross Margin QoQ = 67.33% (prev 64.71%)
Tobins Q-Ratio = 4.52 (Enterprise Value 217b / Total Assets 47.9b)
Interest Expense / Debt = 3.90% (Interest Expense 341.7m / Debt 8.76b)
Taxrate = 15.50% (607.9m / 3.92b)
NOPAT = 3.60b (EBIT 4.26b * (1 - 15.50%))
Current Ratio = 1.75 (Total Current Assets 7.81b / Total Current Liabilities 4.46b)
Debt / Equity = 0.26 (Debt 8.76b / totalStockholderEquity, last quarter 33.7b)
Debt / EBITDA = 0.85 (Net Debt 5.32b / EBITDA 6.23b)
Debt / FCF = 1.17 (Net Debt 5.32b / FCF TTM 4.57b)
Total Stockholder Equity = 33.9b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.95% (Net Income 3.31b / Total Assets 47.9b)
RoE = 9.79% (Net Income TTM 3.31b / Total Stockholder Equity 33.9b)
RoCE = 10.37% (EBIT 4.26b / Capital Employed (Equity 33.9b + L.T.Debt 7.24b))
RoIC = 8.13% (NOPAT 3.60b / Invested Capital 44.3b)
WACC = 11.97% (E(212b)/V(220b) * Re(12.33%) + D(8.76b)/V(220b) * Rd(3.90%) * (1-Tc(0.16)))
Discount Rate = 12.33% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -82.22 | Cagr: -0.74%
[DCF] Terminal Value 67.18% ; FCFF base≈4.06b ; Y1≈4.65b ; Y5≈6.84b
[DCF] Fair Price = 117.7 (EV 62.6b - Net Debt 5.32b = Equity 57.3b / Shares 487.1m; r=11.97% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -35.06 | EPS CAGR: -9.35% | SUE: 4.0 | # QB: 2
Revenue Correlation: -9.16 | Revenue CAGR: -1.17% | SUE: 2.93 | # QB: 9
EPS current Quarter (2026-07-31): EPS=3.32 | Chg30d=+10.95% | Revisions=+86% | Analysts=26
EPS current Year (2026-10-31): EPS=12.34 | Chg30d=+7.49% | Revisions=+87% | GrowthEPS=+58.4% | GrowthRev=+33.7%
EPS next Year (2027-10-31): EPS=14.78 | Chg30d=+11.58% | Revisions=+87% | GrowthEPS=+19.8% | GrowthRev=+14.9%
[Analyst] Revisions Ratio: +87%