Analog Devices has delivered a perfect four-quarter earnings beat streak amid 37% year-over-year revenue growth, supported by a perfect financial-health score and a wide economic moat, but with the stock just 0.8% below near-term technical resistance and a forward price-to-earnings ratio of 28.9x, the entry point rather than the business quality is the primary question for new capital.
Thesis pillars
- Strong Revenue Growth Acceleration→Stable
- Distribution Supply Concentration↑Improving
- Wide Moat Quality Franchise→Stable
- +2 more pillars — see the Why tab for full reasoning
Analog Devices, Inc. (ADI) Stock Analysis
Breakout setup
Technology · Semiconductors
Wait for pullback to $383.98. At $405.93 the A.R:R is 0.6:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $383.98 (Default 5pct Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Customer: third-party distributors (56.0%); Concentration risk — Supplier: TSMC and other wafer foundries.
Analog Devices designs and sells high-performance analog, mixed-signal, and digital ICs across four end markets in fiscal 2025: Industrial (45%), Automotive (30%), Consumer (13%), and Communications (13%). Third-party distributors accounted for approximately 56% of fiscal 2025... Read more
Wait for pullback to $383.98. At $405.93 the A.R:R is 0.6:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $383.98 (Default 5pct Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Customer: third-party distributors (56.0%); Concentration risk — Supplier: TSMC and other wafer foundries. Chart setup: Golden cross, above all MAs, RSI 69, MACD bullish. Growth is cheap relative to earnings, but the technical setup has not yet produced a breakout above resistance (PEG 0.58, quality 7.6/10, growth 10.0/10). Score 6.5/10, moderate confidence.
Passes 6/8 gates (positive momentum, clean insider activity, news events none recent, earnings proximity 46d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
Recent developments
updated 2026-10-09Recent Developments — Analog Devices, Inc.
Latest news
- NEWS Does Earnings Beat Change The Bull Case For Analog Devices Stock? - Simply Wall Street — Simply Wall Street positive
- NEWS Does Earnings Beat Change The Bull Case For Analog Devices Stock? - simplywall.st — simplywall.st positive
- NEWS New Long‑Term Debt And AI Momentum Could Be A Game Changer For Analog Devices (ADI) - Yahoo Finance — Yahoo Finance positive
- NEWS New Long‑Term Debt And AI Momentum Could Be A Game Changer For Analog Devices (ADI) - finance.yahoo.com — finance.yahoo.com positive
- NEWS Amundi Purchases 254,632 Shares of Analog Devices, Inc. $ADI - MarketBeat — MarketBeat positive
Generated 2026-10-09T05:51:56Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomerthird-party distributors56%10-K Item 1A: 'Sales to third-party distributors accounted for approximately 56% of our revenue in the year ended November 1, 2025.'
- HIGHSupplierTSMC and other wafer foundries10-K Item 1A: 'We currently source more than half of our wafer requirements annually from third-party wafer foundries, including Taiwan Semiconductor Manufacturing Company (TSMC) and others.'
Material Events(8-K, last 90d)
- 2026-03-12Item 5.02LOWShareholders at the March 11, 2026 Annual Meeting approved the Amended and Restated Analog Devices 2020 Equity Incentive Plan, adopted by the Board of Directors on December 10, 2025. Routine compensatory arrangement approval; no officer departure or appointment.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 ceiling hit
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $383.98. At $405.93 the A.R:R is 0.6:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $383.98 (Default 5pct Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Customer: third-party distributors (56.0%); Concentration risk — Supplier: TSMC and other wafer foundries. Chart setup: Golden cross, above all MAs, RSI 69, MACD bullish. Growth is cheap relative to earnings, but the technical setup has not yet produced a breakout above resistance (PEG 0.58, quality 7.6/10, growth 10.0/10). Target $433.06 (+6.7%), stop $362.16 (−12.1%), A.R:R 0.6:1. Score 6.5/10, moderate confidence.
Take-profit target: $433.06 (+6.7% upside). Target $433.06 (+6.7%), stop $362.16 (−12.1%), A.R:R 0.6:1. Stop-loss: $362.16.
Concentration risk — Customer: third-party distributors (56.0%); Concentration risk — Supplier: TSMC and other wafer foundries; Thin upside margin: 6.7%.
Analog Devices, Inc. trades at a P/E of 49.9 (forward 25.1). TrendMatrix value score: 4.5/10. Verdict: Buy (Wait for Entry).
39 analysts cover ADI with a consensus score of 4.2/5. Average price target: $471.
What does Analog Devices, Inc. do?Analog Devices designs and sells high-performance analog, mixed-signal, and digital ICs across four end markets in...
Analog Devices designs and sells high-performance analog, mixed-signal, and digital ICs across four end markets in fiscal 2025: Industrial (45%), Automotive (30%), Consumer (13%), and Communications (13%). Third-party distributors accounted for approximately 56% of fiscal 2025 revenue across a portfolio of more than 75,000 SKUs sold to OEM customers globally.