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ADI

Analog Devices

NASDAQInformation TechnologySemiconductorsSnapshot 2026-05-08

$416.52+1.96%
Close 2026-05-08 · 1-day change
The bottom line

As of May 8, 2026, ADI has a composite score of 13.6 and a signal label of "mild favorable." The valuation label changed from "expensive" to "full," indicating a shift in perceived value. Key drivers of the current scoring include macroeconomic factors such as rates, growth, inflation, and labor conditions. Confidence in the analysis is high at 82.9%.

Composite +14as of 2026-05-08

Price

Daily closes from AlphaVantage. Earnings/event dots are placed inline.

Close 2026-05-08
Daily closes. Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event

Factor signals

Read top-to-bottom: thesis (is this a strong company over a 1–3 year hold), watch flags (has something changed worth re-reading), and position context (how violent might the path be). Each pill is a parallel diagnostic — never aggregated into a single score.

L1

Thesis

is this a strong company over a 1–3 year hold?
F1 · Recent financial performance
strong
Top 30% of information technology cohort
Why this rank
  • Direction share
    1.00
  • Slope (norm)
    0.13
  • Bonus
    0.00
Operating income, last 4 quarters ($M)
678818945997
F2 · Value
expensive
Most expensive 30% of information technology cohort
Why this rank
Price
$416.52
TTM EPS
$4.65
Earnings yield
1.1%
P/E (TTM)
89.6

Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1

F3 · Earnings quality
robust
Top 30% cash conversion in information technology cohort
Why this rank
TTM NI ($M)
2,707
TTM CFO ($M)
5,054
CFO/NI
1.87

Joint read: strong + robust historically delivered 80%+ NI-grew rate over T+1y in IT 2024–26 (small N).

L2

Watch

has something changed worth re-reading?
F4 · Management stability
volatile
Bottom 30% activity in information technology cohort· see deep-dive ↓
neutral
Earnings setup · pre-print positioning
forward-looking
bullish strong26 analysts, 83% Buyfor period ending 2026-07-31
Why this setup
Consensus revisions

EPS estimate $2.97 → $2.99 (+0.6% / 30d). 2 raised, 0 cut, 26 covering analysts.

Rating actions

0 upgrades, 0 downgrades / 30d, 1 maintained. 83% of analysts rate Buy.

Market and fundamentals agree — analysts are positioned bullishly on a fundamentally strong name.

F4 · Management deep-dive — recent events, stated priorities, guidance track record
2

Stated priorities

3 priorityies extracted from earnings transcripts (as of 2026-05-08).

  1. 1.Increase quarterly dividendcapital allocationmixed65% progress
    2/18: Raised quarterly dividend 11% to $1.10, marking twenty-two consecutive years of increases.
    Why this status

    Stated in 2 of last 2 quarters. The quarterly dividend increased from $0.99 in 2025-Q4 to $1.10 in 2026-Q1, marking a consistent upward trajectory in dividend payments. This reflects a persistent focus on returning value to shareholders through increased dividends.

  2. 2.Forecast revenue growthgrowthmixed65% progress
    2/18: Revenue of $3.16 billion, with year-over-year growth across all end markets, led by Industrial and Communications.
    Why this status

    Stated in 2 of last 2 quarters. Revenue grew from $3.08 billion in 2025-Q4 to $3.16 billion in 2026-Q1, indicating a positive growth trajectory. This aligns with management's emphasis on growth, particularly in the Industrial and Communications segments.

  3. 3.Maintain operating margincostmixed65% progress
    2/18: Operating margin of 31.5%, up from 20.3% in the prior year.
    Why this status

    Stated in 2 of last 2 quarters. Operating margin increased from 30.7% in 2025-Q4 to 31.5% in 2026-Q1, reflecting effective cost management and operational efficiency. This supports management's focus on maintaining strong margins.

3

Guidance track record

Last 4 quarters of EPS guidance with actuals.

3 beat, 1 inside
Per-quarter detail
PeriodGuidanceActualResult
2020-10-31$0.85 – $1.05$1.44beat
2021-07-31$1.12 – $1.34$1.72beat
2022-04-30$1.04 – $1.24$2.40beat
2026-01-31$1.50 – $1.70$1.69inside

Beat / inside / miss is computed from the guided range when issued; for point-estimate quarters a ±5% tolerance band around the mid is used. surprise_pct_vs_mid is unstable when guided EPS is near zero, so it is not surfaced as a headline.

L3

Position context

how violent might the path be while I hold it?
Risk profile · realized
backward-looking
moderateworst 12m loss −16%, typical day ±1.4%
Why this risk level

Recent vol — 30d annualized 37%; 252d 30%.

Drawdown — Max 1y −16%. Bad day move −3%.

Beta to sector ETF (XLK) 0.05 over 1y.

Liquidity — score 100/100.

Sub-scores — vol 50/100, drawdown 69/100, beta 5/100, earnings vol .

Calm + bullish setup — clean pre-earnings positioning pattern.

Sector regime
tailwind+15.9%sector vs S&P 500, 60d

via XLK

Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive — historically, headwind regimes have averaged stronger forward returns than tailwind.

AI cycle regime · market-wide
2-axis classifier
HeatingManiaSquallCrisisEarnings →Mood ↑
HeatingE +0.13 · M +0.71
Single-axisCHASEz +2.97+1.285d

Context label only — describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.

Not investment advice. As of 2026-05-08.

3

What changed

The most important moves since the prior daily snapshot.

  1. label change · valuation_label
    severity 20

    Valuation label changed from 'expensive' to 'full'.

As of May 8, 2026, the valuation label for ADI changed from "expensive" to "full." The forward view includes several unfavorable scenarios, such as a potential guidance cut and a reversal in rates, both of which could negatively impact estimates. Conversely, there are favorable scenarios related to an improvement in the information technology sector trend and a potential raise in next-quarter guidance. The overall confidence remains high at 82.9.

as of 2026-05-08

4

Management scorecard

How management runs the business — capital, margins, balance sheet, and how reliably they guide and deliver.

Composite68.3 / 100
Capital allocation40
Earnings discipline70
Margin discipline46
Balance sheet51
Guidance credibility100
Post-call reaction60

Met or beat guidance 100% of the last 4 guided quarters · 51.9% avg surprise

as of 2026-05-08
4

What management is focused on

Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.

  • #1

    Increase quarterly dividend

    Capital allocationNew since 2026-05-04

    Continue to increase the quarterly dividend, marking twenty-two consecutive years of increases.

    On trackMixed

    Stated in 2 of last 2 quarters. The quarterly dividend increased from $0.99 in 2025-Q4 to $1.10 in 2026-Q1, marking a consistent upward trajectory in dividend payments. This reflects a persistent focus on returning value to shareholders through increased dividends.

    Quarterly dividend increased from $0.99 to $1.10
    65%
    CEO/CFO:Raised quarterly dividend 11% to $1.10, marking twenty-two consecutive years of increases.
    Press releaseSource dated 2026-02-18Stated 2 of last 8 quartersFirst seen 2026-05-04
    Show history (2)
    • 2026-Q1Press release

      Raised quarterly dividend 11% to $1.10, marking twenty-two consecutive years of increases.

    • 2025-Q4Press release

      Raised quarterly dividend 8% to $0.99, marking twenty-one consecutive years of increases.

  • #2

    Forecast revenue growth

    GrowthNew since 2026-05-04

    Maintain a positive revenue growth trajectory, driven by strength in Industrial and Communications segments.

    On trackMixed

    Stated in 2 of last 2 quarters. Revenue grew from $3.08 billion in 2025-Q4 to $3.16 billion in 2026-Q1, indicating a positive growth trajectory. This aligns with management's emphasis on growth, particularly in the Industrial and Communications segments.

    Revenue grew from $3.08 billion in 2025-Q4 to $3.16 billion in 2026-Q1
    65%
    CEO/CFO:Revenue of $3.16 billion, with year-over-year growth across all end markets, led by Industrial and Communications.
    Press releaseSource dated 2026-02-18Stated 2 of last 8 quartersFirst seen 2026-05-04
    Show history (2)
    • 2026-Q1Press release

      Revenue of $3.16 billion, with year-over-year growth across all end markets, led by Industrial and Communications.

    • 2025-Q4Press release

      Fourth quarter revenue of $3.08 billion, with year-over-year growth across all end markets, led by Communications and Industrial.

  • #3

    Maintain operating margin

    CostNew since 2026-05-04

    Focus on maintaining strong operating margins through disciplined cost management and operational efficiency.

    On trackMixed

    Stated in 2 of last 2 quarters. Operating margin increased from 30.7% in 2025-Q4 to 31.5% in 2026-Q1, reflecting effective cost management and operational efficiency. This supports management's focus on maintaining strong margins.

    65%
    CEO/CFO:Operating margin of 31.5%, up from 20.3% in the prior year.
    Press releaseSource dated 2026-02-18Stated 2 of last 8 quartersFirst seen 2026-05-04
    Show history (2)
    • 2026-Q1Press release

      Operating margin of 31.5%, up from 20.3% in the prior year.

    • 2025-Q4Press release

      Operating margin 30.7%, up from 23.3% in the prior year.

as of 2026-05-08
5

How this stock is priced

Two ways to read price: against peers in the same business, and against the company's own history.

Compared to peers
19higher = cheaper

Looks more expensive than peers.

Compared to its own history
28higher = cheaper

Richer than its own typical valuation.

P/E
57.2x
EV/EBITDA
FCF yield
2.3%

P/E over the last 5 years

71 monthly points
fullas of 2026-05-08
7

How this compares

A side-by-side read on composite, valuation, and risk versus peers.

StockCompositeValuationRisk
ADI
Analog Devices
+14fullmoderate
NVDA
NVIDIA Corporation
+20fullmoderate
AAPL
Apple Inc
+19fullmoderate
MSFT
Microsoft
+27fairelevated
AVGO
Broadcom
+11expensiveelevated
8

Risk — how this stock moves

What a normal day looks like, what a bad day looks like, and the worst the last year has thrown at it.

A typical day
How much price usually moves either way.
1.4%
A bad day (95th %ile)
A rough but not unusual down day.
-2.7%
Worst 12-month loss
Deepest peak-to-trough drop in the last year.
-15.7%
Earnings-day move
How much price usually moves on earnings day.
moderateas of 2026-05-08
9

What could change this view

Conditional scenarios — if X happens, the score would shift by about Y points. These are not predictions.

Upside triggers
  • If information_technology sector trend rises from +0.08 into 'improving' (>= +0.20)+5.0 pts
  • If next-quarter guidance is raised (currently NEW as of 2026-02-18)+4.0 pts
Downside triggers
  • If next-quarter guidance is cut (currently NEW as of 2026-02-18)-8.0 pts
  • If rates state reverses from -0.37 (negative) to +0.37 (positive)-7.3 pts
  • If information_technology sector trend falls from +0.08 into 'weakening' (<= -0.20)-5.0 pts
10

Material updates

Recent SEC 8-K filings ranked by likely impact, confidence, and recency.

  1. 2026-03-121mo agoItem 5.02

    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. As described in

    executive changeneutralscore 15
  2. 2026-02-182mo agoItem 2.02

    and in the accompanying Exhibit 99.1 shall not be incorporated by reference into any filing of the Registrant, whether made before or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference to such filing. The information in this Item 2.02, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabili…

    earnings preannouncementneutralscore 11
  3. 2026-02-182mo agoItem 8.01

    Other Events On February 17, 2026, the Registrant announced that its Board of Directors declared a quarterly cash dividend of $1.10 per outstanding share of common stock, an increase from the previously paid quarterly dividend of $0.99 per outstanding share of common stock. The dividend will be paid on March 17, 2026 to all shareholders of record at the close of business on March 3, 2026. A copy of the Registrant's press release is attached as Exhibit 99.2 to this Current Report on Form 8-K a…

    capital allocationneutralscore 8
  4. 2026-01-233mo agoItem 5.02

    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Susie Wee Retirement On January 20, 2026, Susie Wee informed the Board of Directors (the “Board”) of Analog Devices, Inc. (the “Company”) that she had decided to retire from the Board and not to stand for re-election at the Company’s 2026 annual meeting of shareholders (the “2026 Annual Meeting”) to be held on March 11, 2026. Dr. Wee’s decision not…

    executive changeneutralscore 5
  5. 2025-11-255mo agoItem 2.02

    Results of Operations and Financial Condition On November 25, 2025, Analog Devices, Inc. (the “Registrant”) announced its financial results for its fourth quarter and fiscal year ended November 1, 2025. The full text of the press release issued by the Registrant concerning the foregoing results is furnished herewith as Exhibit 99.1. The information contained herein and in Exhibit 99.1 shall not be incorporated by reference into any filing of the Registrant, whether made before or after the da…

    earnings preannouncementneutralscore 1
11

Score history

The composite score, snapshot by snapshot. The dotted line at zero separates leaning-positive from leaning-negative.

60 snapshots
Data freshness · As of 2026-05-08 · Macro 2026-05-08 · Sector 2026-05-07 · Fundamentals 2026-02-18 · Price 2026-05-07 · Generated 2026-05-08 · Spec 2.3

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.