Analog Devices, Inc.

NASDAQ Global Select
Back to all articles
Bullish +75

Analog Devices stock trades 14.20 percent below its 52-week high

Analyst upgrade Earnings report AI-generated analysis

📈 Analog Devices reported fiscal Q3 2026 revenue of $4.02 billion, representing a significant 40 percent year-over-year increase.

💰 Gross margins expanded to 67.3 percent in the latest quarter compared to 62.1 percent in the prior-year period.

📊 GAAP diluted EPS reached $2.74 while adjusted diluted EPS hit $3.45 for the three months ended August 1, 2026.

💹 The stock traded at $382.61 on September 24, 2026, sitting 14.20 percent below its 52-week high of $445.91.

🎯 Analyst consensus targets the stock at an average one-year price of $457.97 based on 30 firm coverage.

📉 Trading volume was 2,364,299 shares, which is notably below the company's average daily volume of 4,025,496 shares.

💵 Net income attributable to common shareholders totaled $1.34 billion for fiscal Q3 2026.

🏢 The company maintains a market capitalization of approximately $186.36 billion as of late September 2026.

📈 Operating income reached $1.61 billion, demonstrating strong operational leverage during the quarter.

Bullish Signals
  • Analog Devices achieved a 40 percent year-over-year revenue increase to $4.02 billion in fiscal Q3 2026, driven by strong demand for its semiconductor products.
  • Gross margins expanded significantly to 67.3 percent from 62.1 percent in the prior-year quarter, indicating improved pricing power and cost control.
  • The company reported GAAP diluted EPS of $2.74 and adjusted diluted EPS of $3.45, reflecting robust earnings growth.
  • Net income attributable to common shareholders reached $1.34 billion, showcasing strong profitability in the current fiscal quarter.
  • Analysts maintain a bullish outlook with an average one-year price target of $457.97, which is substantially higher than the current trading price.
  • Operating income grew to $1.61 billion, demonstrating the company's ability to scale operations effectively alongside revenue growth.
Risk Factors
  • The stock trades 14.20 percent below its 52-week high of $445.91, indicating that the market has not yet fully priced in the recent earnings strength.
  • Trading volume on September 24, 2026, was significantly lower than the average, suggesting a lack of immediate speculative interest or liquidity compared to typical sessions.
Full Analysis
Analog Devices Inc. reported robust fiscal third-quarter performance, with revenue surging 40 percent year over year to reach $4.02 billion for the three months ended August 1, 2026. This significant growth was accompanied by a substantial increase in profitability, as gross margins expanded to 67.3 percent from 62.1 percent in the prior-year quarter, reflecting strong operational efficiency and pricing power within the semiconductor sector. Financial metrics for the quarter were equally impressive, with GAAP diluted earnings per share hitting $2.74 and adjusted diluted EPS reaching $3.45. Operating income climbed to $1.61 billion while net income attributable to common shareholders totaled $1.34 billion, underscoring the company's ability to convert top-line growth into substantial bottom-line results despite a trading volume that was below its recent average. Despite these strong fundamentals, Analog Devices stock traded at $382.61 on September 24, 2026, which sits 14.20 percent below its 52-week high of $445.91. However, the market outlook remains bullish, with a consensus of 30 analysts setting an average one-year price target of $457.97, suggesting that investors anticipate continued value creation and potential upside as the company navigates current market conditions. The company currently holds a market capitalization of approximately $186.36 billion, positioning it as a major player in the technology and semiconductor industries. While the stock price has not yet recovered to its recent peak, the combination of accelerating revenue growth, expanding margins, and a high analyst target implies that the current valuation may offer an opportunity relative to the company's demonstrated earnings power and future growth trajectory.