ADI Analog Devices Inc.
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Daily prices, adjusted for splits. P/E and P/S value each day on the results published by then; a gap in P/E means the trailing year had no profit.
Semiconductors · Wilmington, MA · 24,500 employees · analog.com
Analog Devices develops, manufactures, and sells integrated circuits, software, and subsystem modules that condition and process real-world signals. Its portfolio spans data converters, power management tools, amplifiers, radio frequency hardware, and sensors for industrial, automotive, healthcare, and communications markets. The company distributes its products through a combination of direct sales teams, outside representatives, specialized distributors, and digital storefronts.
Bull case
The business converts a considerable portion of its revenue into free cash flow after accounting for stock-based compensation, supported by an accelerating rate of top-line growth.
- Turns 33% of revenue into free cash after stock pay.
- Annual revenue growth rose from +7% to +34%.
- The share price trend is rising.
Bear case
The measurements do not currently make a case against the business.
- Trades at the 93rd percentile of its own valuation history.
- The price assumes about +18% a year cash-flow growth, more than the +11% a year it delivered.
Features
- V-OVERVALUED Overvalued The price is 49% above its own-history reference value.
- V-ACCELERATING Growth accelerating Annual revenue growth rose from +7% to +34%. Shared by most companies we track
AI impact
Supplies what AI runs on Cuts both ways
Analog Devices sells power management and connectivity semiconductor solutions that benefit from growing data center demand to support artificial intelligence workloads. However, the company faces competition from rivals using artificial intelligence to create similar or more cost-effective competing products.
Where AI helps it
- Sells what AI workloads consume (minor)
Where AI could hurt it
- AI makes it cheaper for rivals to build what it sells (minor)
In the company's words
Data Center — This market is driven by rapid adoption of AI, machine learning and hyperscale architectures, which require advanced power delivery, thermal management and high-speed connectivity solutions to address the growing demand for high-performance computing and cloud infrastructure.
In addition, we face significant competition from other companies that are incorporating AI into their products and technologies.
Assessed by AI from the company's own annual report filed 25 Nov 2025 and quarterly report filed 19 Aug 2026. A reading of the business, not a forecast or a recommendation.
Valuation position
ADI is at the 93rd percentile of its own valuation history. Depending on how far back you look, it ranges from the 89th to the 97th percentile. This is a relative measurement, not a price target or recommendation, and it assumes the business is still the one its history describes.
Price ladder
The measured price sits in the Above reference zone. These are reference zones, not buy instructions or forecasts that the prices will be reached.
What the price assumes
The measured price implies roughly +17.6% annual cash-flow growth, between +10.3% and +23.0% under other reasonable assumptions. Over the last three years it delivered +10.7% a year.
An estimate that depends on its assumptions, not a forecast.
Quality versus peers
Each dimension is shown on its own; they are not combined into a score.
Current analyst snapshot
Shown for reference only; not used in any measurement.
What would have to break
- Not triggered — Revenue decline
- Not triggered — Margin break
- Not triggered — Cash burn with rising debt
- Not triggered — Heavy dilution
- Not triggered — Warning language in filings
News
No recent brief on this company.