Analog Devices (ADI): analysis in plain words
Is Analog Devices cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Analog Devices (ADI) is listed on the Nasdaq and we classify it in semiconductors. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Analog Devices according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Analog Devices (ADI) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | $406.24 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 48.2x | Price over earnings per share |
| Revenue growth | +39.6% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 29.8% | Profit for every 100 of sales |
| Net debt / EBITDA | 1.0x | Years of operating profit to repay debt |
| Dividend yield | 1.05% | Annual dividend over price |
| Market cap | $196.8 billion | What the stock market values it at |
The Analog Devices figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any ADI figure that is not available shows as N/A: we do not estimate it.
How Analog Devices makes money
Analog Devices designs analog, mixed-signal and power-management chips that translate real-world signals like sound, motion and temperature into digital data. It reports sales by end market: Industrial is the largest, followed by Automotive, Communications and Consumer. Customers include makers of factory equipment, cars, network gear and personal devices.
Over the last 12 months, Analog Devices brought in revenue of $13.9 billion. For every 100 it sells, Analog Devices keeps 65.8 after the direct cost of what it sells (gross margin) and 39.5 after all operating costs (operating margin).
Analog Devices against its sector
To know whether a Analog Devices figure is high or low you have to put it next to similar companies. This table compares Analog Devices with the median of the 14 semiconductors companies Fintols covers, with data as of November 4, 2026.
| Figure | Analog Devices | semiconductors median |
|---|---|---|
| P/E | 48.2x | 37.9x (14) |
| Revenue growth | +39.6% | +39.6% (15) |
| Net margin | 29.8% | 32.3% (15) |
| Dividend yield | 1.05% | 0.57% (15) |
| Net debt / EBITDA | 1.0x | -0.2x (15) |
In short, against the typical semiconductors company, Analog Devices trades on a higher P/E, pays a higher dividend yield and carries more debt. By size, Analog Devices ranks number 11 of 13 semiconductors companies quoted in USD on Fintols.
The bull case for Analog Devices
What works in favour of Analog Devices, according to its figures as of November 4, 2026:
- Analog Devices grew sales +39.6% in its latest quarter against the same quarter a year earlier, while the median semiconductors company Fintols tracks grew +39.6%.
- Analysts expect Analog Devices earnings to rise: its P/E on the next 12 months of estimated earnings is 24.6x, below the current 48.2x.
- Analog Devices keeps 29.8 of every 100 it sells as net profit, against 32.3 for the median semiconductors company: a margin like that leaves money to invest, buy back shares or pay dividends.
The main risk for Analog Devices
The price already assumes a lot: Analog Devices trades at 48.2x its last 12 months of earnings, against 37.9x for the semiconductors median. If growth disappoints, the multiple can shrink and the share price with it.
And, like the rest of semiconductors, Analog Devices is exposed to the chip cycle: years of heavy customer spending are usually followed by years of cuts.
Frequently asked questions about Analog Devices
Is it a good time to buy Analog Devices stock?
Fintols does not tell you whether to buy or sell Analog Devices, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Analog Devices stock trades at $406.24, 9% below its 52-week high ($445.91) and 82% above its low ($223.47). Its P/E is 48.2x against a semiconductors median of 37.9x, and 24.6x on the earnings analysts expect over the next 12 months. With Analog Devices, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does Analog Devices pay a dividend?
Yes. As of November 4, 2026, Analog Devices pays $4.40 per share a year, which at today's price is a yield of 1.05%. It uses 50% of its profit to pay it, which leaves room to keep paying it if profit dips.
Is Analog Devices stock expensive?
It depends on what you compare it with. On P/E, Analog Devices trades at 48.2x its last 12 months of earnings: more expensive than the semiconductors median (37.9x). A high P/E alone does not make Analog Devices expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Analog Devices's competitors?
On Fintols we compare Analog Devices with Micron, Lam Research and KLA, which are also in semiconductors. As of November 4, 2026, Micron is worth $899.7 billion and trades on a P/E of 10.7; Lam Research is worth $277.1 billion and trades on a P/E of 33.0; KLA is worth $195.2 billion and trades on a P/E of 37.5. Each has a side-by-side comparison with Analog Devices below.
Analog Devices competitors
- Micron (MU) analysis · Analog Devices vs Micron comparison
- Lam Research (LRCX) analysis · Analog Devices vs Lam Research comparison
- KLA (KLAC) analysis · Analog Devices vs KLA comparison
To understand Analog Devices better
- Using AI to Analyze Stocks: A Practical, Careful Guide
- P/E Ratio and EPS Explained: How to Read Them Without Traps
More companies like Analog Devices: semiconductors stocks and S&P 500 companies. Open the full ADI analysis with its valuation and scenarios. Educational content about Analog Devices, not investment advice.