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→Stable
- 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
Breakout setup · Catalyst-Driven edge
Technology · Semiconductors
Wait for pullback to $389.36. At $428.27 the A.R:R is 0.1:1 — 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 $428.27 the A.R:R is 0.1:1 — 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: Golden cross, above all MAs, RSI 61, MACD bullish. Fundamentals strong but target reached (1.5% upside). Wait for pullback. Score 6.5/10, moderate confidence.
Passes 5/7 gates (positive momentum, clean insider activity, earnings proximity 25d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
Recent developments
updated 2026-10-29Recent 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 2026-10-29T11:53:50Z.
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
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
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 $428.27 the A.R:R is 0.1:1 — 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: Golden cross, above all MAs, RSI 61, MACD bullish. Fundamentals strong but target reached (1.5% upside). Wait for pullback. Target $434.64 (+1.5%), stop $370.54 (−15.6%), A.R:R 0.1:1. Score 6.5/10, moderate confidence.
Take-profit target: $434.64 (+1.5% upside). Target $434.64 (+1.5%), stop $370.54 (−15.6%), A.R:R 0.1:1. 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 50.9 (forward 26.0). TrendMatrix value score: 4.1/10. 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.