Wilmington, Massachusetts-based Analog Devices, Inc. (ADI) is a leading global semiconductor company specializing in analog, mixed-signal, and digital signal processing (DSP) integrated circuits.ย Valued atย $195.1 billionย by market cap, theย ADI plays a critical role in translating real-world signals, such as sound, temperature, motion, and light, into digital data that electronic systems can process.
Theย globalย semiconductorย leaderย is expected to announce its fiscalย 2026 second-quarter earningsย before the market opens on Wednesday, May 20. Ahead of the event, analysts expect ADI to report aย profit of $2.88 per shareย on a diluted basis, up 55.7% fromย $1.85 per shareย in the year-ago quarter. The company has consistently surpassed Wall Streetโs EPS estimates in its last four quarterly reports.ย
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For the current year, analysts expect ADI to report EPS of $11.38, up 46.1% from $7.79 inย fiscal 2025. Its EPS is expected to rise 11.4% year over year to $12.68 in fiscal 2027.ย
Over the past year, ADI stock has returned 104.7%, notably outperforming both the S&P 500 Indexโs ($SPX)ย 30.6% gainsย and the State Streetย Technology Select Sector SPDR Fundโs (XLK)ย 56% gainsย over the same time frame.
On Apr. 17, shares of Analog Devices rose about 4.4% as easing geopolitical tensions, following a U.S.-Iran ceasefire, reduced concerns over disruptions to global chip supply chains. Improved visibility around shipping routes and lower inflation pressures boosted sentiment across semiconductor stocks.ย
Analystsโย consensus opinion on ADI stockย is bullish, with a โStrong Buyโ rating overall. Out of 33 analysts covering the stock, 24 advise a โStrong Buyโ rating, four suggest a โModerate Buy,โ and five give a โHold.โ While ADI currently trades above itsย mean price target of $391.33, the Street-high price target of $475 suggests an upside potential of 18.9% from the current market prices.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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