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↓Deteriorating
- Wide Moat Quality Franchise→Stable
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Nov 25, 2025
Analog Devices, Inc. (ADI) Stock Analysis
Catalyst-Driven edge
Technology · Semiconductors
Wait for pullback to $389.36. At $425.35 the A.R:R is 0.2:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $389.36 (support + ATR (held)) 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 $389.36. At $425.35 the A.R:R is 0.2:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $389.36 (support + ATR (held)) 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: No clear chart pattern; technical signals are mixed. Fundamentals strong but target reached (2.2% upside). Wait for pullback. Score 6.3/10, moderate confidence.
Passes 6/8 gates (positive momentum, clean insider activity, news events none recent, earnings proximity 26d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
Recent developments
updated 2026-10-28Recent 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 2026-10-28T11:33:55Z.
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. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker·1 ceiling hit
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $389.36. At $425.35 the A.R:R is 0.2:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $389.36 (support + ATR (held)) 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: No clear chart pattern; technical signals are mixed. Fundamentals strong but target reached (2.2% upside). Wait for pullback. Target $434.64 (+2.2%), stop $370.54 (−14.8%), A.R:R 0.2:1. Score 6.3/10, moderate confidence.
Take-profit target: $434.64 (+2.2% upside). Target $434.64 (+2.2%), stop $370.54 (−14.8%), A.R:R 0.2:1. Stop-loss: $370.54.
Concentration risk — Customer: third-party distributors (56.0%); Concentration risk — Supplier: TSMC and other wafer foundries; Analyst target reached - limited upside remaining.
Analog Devices, Inc. trades at a P/E of 50.5 (forward 25.8). TrendMatrix value score: 4.2/10. Verdict: Buy (Wait for Entry).
37 analysts cover ADI with a consensus score of 4.2/5. Average price target: $472.
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.