Analog Devices, IncNasdaq: ADI
Information Technology · Semiconductors
$397.98
-1.06%
Vol: 2.4M
Research Digest
Friday, May 1, 2026
Analog Devices posts strong earnings beat; S&P Global upgrades credit rating to A, shares surge 5.6% overnight
Analog Devices beat Q2 FY2026 expectations with EPS of $2.46 vs. $2.31 consensus estimate, posting 46.1% projected fiscal year earnings growth. S&P Global upgraded credit rating from A- to A, triggering sharp rally. Stock up 26.4% in 30 days and 110.8% over 1 year. Major fund manager Steven Romick holds ADI as 5.65% position in FPA Crescent Fund. Company set to report Q2 FY2026 results on May 20, 2026 at 7:00 AM ET.
Previous Market Intelligence
13 daysApr 30S&P Global Ratings upgrades Analog Devices to A from A-, dividend raised 11% in FebruaryPositive▶
Analog Devices received a credit rating upgrade from S&P Global to A issuer rating from A- on April 23, citing resilient end-market exposure and product leadership. Company raised quarterly dividend by 11% in February 2026. A2B 2.0 automotive audio technology in full production. Q2 earnings report scheduled for May 20 with analyst consensus expecting EPS of $2.88 (+55.68% YoY). Strong positioning as AI infrastructure and data center buildout accelerates, with exposure to automated test equipment. 22 analysts average rating is Buy with elevated expectations for Q2 call.
Apr 29Analog Devices upgraded by S&P Global to A credit rating on April 17, setting stage for strong Q2 2026 earnings on May 20Positive▶
Analog Devices surpassed Q1 2026 expectations with $3.16 billion revenue and adjusted EPS of $2.46. S&P Global upgraded ADI issuer credit rating to A from A- on April 17 with stable outlook, highlighting robust business resilience and AI leadership. Q2 2026 earnings expected May 20 with analyst projections of $2.88 EPS (+55.68% YoY). ADI up ~30% in past month with 46% YTD gain and 108% 1-year return. Citi Research placed ADI on 30-day positive catalyst watch list. Consensus Buy rating from 22 analysts with 12-month PT of $385.45. AI and data center demand are key growth drivers.
Apr 16Bank of America raises Analog Devices price target to $425 on April 13 as AI demand and easing geopolitical tensions support semiconductor strengthPositive▶
Bank of America raised Analog Devices price target from $400 to $425 in mid-April with a Buy rating, reflecting positive momentum in the semiconductor sector. ADI closed at $350.14 on April 10 with one-month returns of 12.61% and 52-week gains of 96.05%. The stock benefits from easing U.S.-Iran tensions, reopening of the Strait of Hormuz, improved global supply chains, and relentless AI demand. B of A Securities maintained a Buy rating with a current price target of $370.69. Analog Devices has 86 hedge funds in its portfolio at the end of Q4, up from 84 in the prior quarter, with earnings scheduled for May 28, 2026.
Apr 14Analog Devices reports fiscal Q1 revenue of $3.16B with record data center bookingsPositive▶
Fiscal Q1 $3.16B revenue with record Data Center bookings. Raised Q2 outlook. Citi catalyst watch $400 PT. Arete upgraded Buy $389 PT.
Apr 13Q1 EPS beat 6.49%; industrial growth 38% YoY, AI test equipment surgePositive▶
ADI reported Q1 2026 EPS of $2.46, beating $2.31 estimate (+6.49%). Industrial division grew 38% YoY with 40% growth in AI chip testing equipment. Next earnings May 21. Stock at $350.98. Citi added to 30-day positive catalyst watch. Upgraded to Buy from Neutral at Arete March 30.
Apr 10Analog Devices industrial growth accelerates 38% YoY; CEO receives equity grant; earnings optimism builds.Positive▶
Analog Devices reported strong 38% year-over-year industrial division growth with robust demand for AI chip testing equipment. CEO Vincent Roche received 19,712-share equity grant on April 7. Stock trades around $346, up 5.74%, with strong analyst optimism around upcoming earnings. Trailing twelve months revenue is $11.0B.
Apr 9Analog Devices Stock Surges 5.9% Following Arete Upgrade to BuyPositive▶
Analog Devices shares jumped 5.9% on April 8, reaching $346.72 amid positive analyst momentum. Arete upgraded ADI to Buy from Neutral on March 30. Strong growth in semiconductor sales with strategic focus on AI and automotive solutions. Consensus price target $379.63 implies 9.5% upside from current levels.
Apr 8Analog Devices gains on industrial growth and AI test equipment demand; CEO sells $3.18M.Positive▶
ADI closed at $327.36 (+2.83%). Industrial division growing 38% YoY with 40% growth in automatic test equipment for AI chips. Analysts targeting $400 with Zacks Rank #2. CEO sold $3.18M in stock April 1. Zacks Consensus expects $11.22 EPS (+44.03%) and $13.79B revenue (+25.14%).
Apr 7Analog Devices poised for growth with industrial segment surging 38% YoY and analyst upgrades targeting $400+ on data center tailwinds.Positive▶
Analog Devices industrial segment exploded 38% YoY to $1.49B (47% of total revenue) driven by automatic test equipment demand from AI chip buildout. ATE grew ~40% in FY2025 and continues accelerating. Arete upgraded to Buy from Neutral on March 30, while Citi maintains Buy with $400 target ahead of Q1 earnings. Stock up 16.3% over 90 days to $327.36, outperforming S&P 500. Thailand fab expansion boosts Asia-Pacific capacity. Fiscal 2025 revenue up 16.9% to $11.02B with 38.6% earnings growth. Consensus Buy with $381.70 target implies 16.6% upside as AI infrastructure demand continues.
Apr 6Analog Devices Q1 FY2026 revenue $3.16B; Industrial segment +38% YoY; dividend +11%.Positive▶
ADI Q1 FY2026 revenue $3.16B with growth across all end markets. Industrial segment +38% YoY to $1.49B (47% of revenue). Raised dividend 11% to $1.10 (22 consecutive years). Opened Thailand manufacturing facility. Price increases effective Feb 2026.
Apr 3Analog Devices posts strong Q1 FY2026 results with 38% industrial segment growth and 63% communications segment surge.Positive▶
Analog Devices reported Q1 FY2026 earnings beat with industrial segment revenue of $1.49B (+38% YoY), representing 47% of total revenues. Communications segment surged 63% YoY driven by AI data center demand. Stock rallied 16% over past month. ADI announced new advanced manufacturing facility in Thailand. Arete upgraded to Buy on March 30. Consensus Buy with $381.70 price target (+25.93% upside).
Apr 1Arete upgrades Analog Devices to Buy from Neutral citing structural businesses driving above-consensus growth through fiscal 2028.Positive▶
Analog Devices reported fiscal Q1 2026 revenue of $3.16 billion with YoY growth across all end markets led by Industrial (38% YoY surge to $1.49 billion) and record Data Center orders. ADI data center business grew 50% YoY in fiscal 2025. Arete Research upgraded to Buy from Neutral on March 30 with $389 price target. Board declared twentieth consecutive annual dividend increase at $1.10 per share. Stock trades at $309.67.
Mar 31Analog Devices upgraded to Buy with $389 target as Arete cites structural growth through FY2028.Positive▶
Arete upgraded ADI to Buy with $389 target. FY2025 revenue $11.02B up 16.89% YoY. Q4 EPS $2.46 beat $2.31. Industrial segment surged 38% YoY. 44% earnings growth projected FY2026. Stock pulled back 12% over month.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| ADIANALOG | $397.98 | -1.06% | +22.9% | 30.6x | 1.05 | $196.4B |
| NVDANVIDIA | $198.66 | -0.46% | +12.3% | 17.8x | 2.33 | $4.85T |
| AVGOBROADCOM | $420.41 | +0.71% | +32.8% | 23.0x | 1.25 | $1.98T |
| MUMICRON | $541.19 | +4.65% | +36.9% | 5.1x | 1.61 | $583.2B |
| AMDADVANCED | $360.21 | +1.61% | +61.0% | 32.0x | 1.96 | $578.0B |
| INTCINTEL | $99.64 | +5.46% | +86.1% | 63.8x | 1.35 | $474.9B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.