NASDAQ: ADI
Analog Devices, Inc.
Technology · Semiconductors
After hours: $377.69(0%) · as of 7:53 PM ET
Market Cap
$183.97B
52w High
$445.91
52w Low
$218.37
P/E
55.91
Volume
2.84M
Outstanding Shares
487.09M
Price vs Fundamentals
Why The Stock Is Moving
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
What changed
The stock rose 71.15% over the last year. Revenue grew 29.75% over the trailing twelve months. Operating margin moved from 22.71% to 32.5%. Free cash flow grew 38.61% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (97th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 32.5% — continued expansion would be needed to justify the premium. Revenue growth of 29.75% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Analog Devices, Inc. (ADI) is a technology leader specializing in the conception, production, validation, and global marketing of integrated circuits (ICs), software solutions, and advanced subsystems.
Valuation
Stock splits
Every 1 shares became 2
Every 3 shares became 4
Every 2 shares became 3
Every 2 shares became 3
Every 3 shares became 4
Every 4 shares became 5
Every 3 shares became 4
Every 2 shares became 3
Profitability & growth
Analyst consensus
43
Buy
11
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 19, 2026
Q3 FY26 · EPS est $3.34 · Revenue est $3.91B
View
Dividends
$4.18/shareQuarterlyDividend Achiever · 21yrAdequateADI pays a dividend with a 1.11% dividend yield, 21 consecutive years of growth, growing at 9.79% annually, covered 2.2× by free cash flow.
Dividend Yield
1.11%
Annual Div / Share
$4.18
5yr CAGR
+9.79%
Doubles every ~7.4yr
Payout Ratio
60.29%
Adequate
Dividend Growth Rate
3yr CAGR
+8.86%
5yr CAGR
+9.79%
10yr CAGR
+9.81%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$1/mo
In 5 yrs
$1/mo
In 10 yrs
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$11/yr $1/mo | $18/yr+60% $1/mo | $28/yr+155% $2/mo |
Yield-on-cost grows from 1.11% → 2.82% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
ADI has raised its dividend for 21 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 2.2× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 9.79% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.