Analog Devices Inc (ADI)
Information Technology · Semiconductors · US stock · S&P 500 component
$395.44
▼ -8.51 (2.11%)
Fair valueOvervalued
$156 −60.5% to fair value
$78fair band $109–$203$234
Day's range
$394.79 – $410.41
52-week range
$220.71 – $444.56
About Analog Devices Inc
Analog Devices designs semiconductors that convert real-world signals such as sound, light, temperature, motion and radio waves into digital data, and that manage power. Its chips go into industrial equipment, cars, communications networks, medical devices and consumer electronics. Customers are manufacturers that build these chips into their own products. The company has grown through acquisitions, including Linear Technology and Maxim Integrated.
Revenue comes from supplying chips under designs that often stay in customers' products for many years. It totals $13.9 billion over the last twelve months, but revenue growth over three years is -2.8% a year. The operating margin is 35.5%, and the business earns a profit of 11% on the capital invested in it. Analog Devices carries net debt of 1.4 times EBITDA, and the dividend yield is 1.1%. On the site's X-Ray Score it receives 40 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $220.71 – $444.56Volume 4,768,300Daily, split-adjusted
Vitals
Market cap$193.3B
52-week range$220.71 – $444.56
Volume (last day)4,768,300
P/E (TTM)47.0
EBIT / EV yield2.5%
Free-cash-flow yield2.6%
Dividend yield1.1%
Revenue (TTM)$13.9B
Net income (TTM)$4.1B
Operating margin35.5%
Return on capital10.8%
Debt incl. leases$9.1B
Cash & securities$2.3B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$156model spread $150 – $163
Overvalued
−60.5% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Multiples use through-the-cycle earnings (0.74x of the last twelve months)
Price $395
Undervalued < $109Fair $109 – $203Overvalued > $203
10-year DCF (market-scaled)
$113
Peer multiples
$215
Earnings power floor (not blended)
$44
Fundamentals-adjusted multiple
$142
Growth the price implies
41.8%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Valuation
Weak
28/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield2.5%
Free-cash-flow yield2.6%
Fair value vs price0.4×
Growth
Weak
27/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-2.8%
EPS growth (3y)-4.6%
Growth consistency60%
Profitability
Weak
42/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital10.8%
Operating margin35.5%
Gross profitability18.9%
Financial health
Fair
57/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score8 / 9
Net debt / EBITDA1.4×
Interest cover14.1×
Dividends
Fair
51/100
Dividend is typical for its sector.
See the numbers →
Dividend yield1.1%
Dividends vs free cash flow42%
Dividend growth7.6%
Quarterly results: last 6 quarters
+22.3%
May '25
+24.6%
Aug '25
+25.9%
Nov '25
+30.4%
Jan '26
+37.2%
May '26
+39.6%
Aug '26
Revenue against the same quarter a year earlier. Latest quarter revenue $4.0B, diluted EPS $2.74.
Compare with peers
MU Micron Technology Inc77 FSLR First Solar, Inc.67 NVDA Nvidia Corp65 QCOM Qualcomm Inc57Other Semiconductors companies by X-Ray Score.
Fundamentals checklist
● 2 Good · ● 6 Average · ● 8 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldAverage
Risk models
Altman Z''Average
Piotroski F-ScoreGood
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioAverage
Net debt / EBITDAAverage
Interest coverAverage
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginGood
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 35/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $7.3B | $12.0B | $12.3B | $9.4B | $11.0B |
| Operating income | $1.7B | $3.3B | $3.8B | $2.0B | $2.9B |
| Net income | $1.4B | $2.7B | $3.3B | $1.6B | $2.3B |
| Operating cash flow | $2.7B | $4.5B | $4.8B | $3.9B | $4.8B |
| Operating margin | 23.1% | 27.3% | 31.1% | 21.6% | 26.6% |
| Free cash flow | $2.4B | $3.8B | $3.6B | $3.1B | $4.3B |
| Diluted EPS | $3.46 | $5.25 | $6.55 | $3.28 | $4.56 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
9 bullish · 2 neutral · 5 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 408.6 | Bearish |
| EMA 10 | 404.1 | Bearish |
| SMA 20 | 401.6 | Bearish |
| EMA 20 | 399.3 | Bearish |
| SMA 50 | 382.9 | Bullish |
| EMA 50 | 389.5 | Bullish |
| SMA 100 | 388.6 | Bullish |
| EMA 100 | 381.6 | Bullish |
| SMA 200 | 364.6 | Bullish |
| EMA 200 | 358.3 | Bullish |
Oscillators (daily)
| RSI (14) | 49.74 | Neutral |
| MACD (12, 26) | 7.19 | Bullish |
| Momentum (12) | -0.32 | Bearish |
| Stochastic %K (14) | 8.04 | Bullish |
| Williams %R (14) | -91.96 | Bullish |
| CCI (20) | -2.47 | Neutral |
Pivot points (classic, last session)
S3 374.4 | S2 384.6 | S1 390.0 | Pivot 400.2 | R1 405.6 | R2 415.8 | R3 421.3 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
4.29 USD
Yield on today's price
1.08%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 1 Sep 2026 | 1.1000 |
| 2 Jun 2026 | 1.1000 |
| 3 Mar 2026 | 1.1000 |
| 8 Dec 2025 | 0.9900 |
| 2 Sep 2025 | 0.9900 |
| 4 Jun 2025 | 0.9900 |
| 4 Mar 2025 | 0.9900 |
| 9 Dec 2024 | 0.9200 |
| 3 Sep 2024 | 0.9200 |
| 4 Jun 2024 | 0.9200 |
| 4 Mar 2024 | 0.9200 |
| 1 Dec 2023 | 0.8600 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ADI SEC filings
17 Sep 2026
8-KSEC EDGAR
Entered a material agreement
9 Sep 2026
8-KSEC EDGAR
Regulation FD disclosure
19 Aug 2026
10-QSEC EDGAR
Quarterly report
19 Aug 2026
8-KSEC EDGAR
Results of operations
29 Jul 2026
8-KSEC EDGAR
Other events
2 Jul 2026
8-KSEC EDGAR
Entered a material agreement
20 May 2026
10-QSEC EDGAR
Quarterly report
20 May 2026
8-KSEC EDGAR
Results of operations
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.