Q2 Earnings Estimate for Analog Devices Issued By KeyCorp

Analog Devices, Inc. (NASDAQ:ADI) – KeyCorp issued their Q2 2026 earnings per share (EPS) estimates for shares of Analog Devices in a note issued to investors on Monday, January 12th. KeyCorp analyst J. Vinh anticipates that the semiconductor company will post earnings of $2.81 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $375.00 target price on the stock. The consensus estimate for Analog Devices’ current full-year earnings is $7.14 per share. KeyCorp also issued estimates for Analog Devices’ Q3 2026 earnings at $3.02 EPS, Q4 2026 earnings at $3.08 EPS, FY2026 earnings at $11.30 EPS, Q1 2027 earnings at $2.97 EPS, Q2 2027 earnings at $3.08 EPS, Q3 2027 earnings at $3.27 EPS, Q4 2027 earnings at $3.32 EPS and FY2027 earnings at $12.63 EPS.

A number of other equities analysts also recently commented on the stock. Evercore ISI reduced their price objective on shares of Analog Devices from $303.00 to $282.00 and set an “outperform” rating for the company in a research note on Tuesday, November 25th. Robert W. Baird upped their target price on Analog Devices from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Weiss Ratings restated a “buy (b-)” rating on shares of Analog Devices in a research note on Monday, December 29th. Wells Fargo & Company set a $340.00 price target on Analog Devices and gave the stock an “overweight” rating in a research report on Thursday. Finally, UBS Group increased their price objective on Analog Devices from $280.00 to $320.00 and gave the company a “buy” rating in a report on Monday, December 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and an average price target of $305.52.

Analog Devices Stock Performance

ADI stock opened at $300.25 on Thursday. Analog Devices has a 1-year low of $158.65 and a 1-year high of $309.17. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24. The firm has a market cap of $147.02 billion, a PE ratio of 65.84, a P/E/G ratio of 1.65 and a beta of 1.03. The business’s 50-day moving average price is $269.25 and its two-hundred day moving average price is $250.00.

Analog Devices (NASDAQ:ADI) last released its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.04. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.02 billion. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The company’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.67 earnings per share.

Institutional Trading of Analog Devices

A number of large investors have recently modified their holdings of the business. Norges Bank purchased a new position in shares of Analog Devices in the second quarter valued at about $1,803,377,000. Amundi increased its holdings in Analog Devices by 44.8% during the 3rd quarter. Amundi now owns 6,215,129 shares of the semiconductor company’s stock valued at $1,507,740,000 after purchasing an additional 1,922,302 shares during the period. Raymond James Financial Inc. raised its position in Analog Devices by 29.2% during the 3rd quarter. Raymond James Financial Inc. now owns 4,829,931 shares of the semiconductor company’s stock valued at $1,186,714,000 after purchasing an additional 1,091,004 shares during the last quarter. Marshall Wace LLP raised its position in Analog Devices by 948.2% during the 2nd quarter. Marshall Wace LLP now owns 1,085,990 shares of the semiconductor company’s stock valued at $258,487,000 after purchasing an additional 982,385 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Analog Devices by 47.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,745,985 shares of the semiconductor company’s stock worth $653,599,000 after buying an additional 882,909 shares during the period. Institutional investors own 86.81% of the company’s stock.

Insiders Place Their Bets

In other Analog Devices news, CAO Michael Sondel sold 8,169 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $278.03, for a total transaction of $2,271,227.07. Following the sale, the chief accounting officer owned 18,913 shares in the company, valued at $5,258,381.39. This represents a 30.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $297.27, for a total value of $928,968.75. Following the completion of the transaction, the director owned 130,071 shares of the company’s stock, valued at approximately $38,666,206.17. This trade represents a 2.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 53,544 shares of company stock worth $14,328,561 in the last ninety days. 0.33% of the stock is owned by corporate insiders.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were issued a $0.99 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.96 annualized dividend and a yield of 1.3%. Analog Devices’s dividend payout ratio (DPR) is 86.84%.

Trending Headlines about Analog Devices

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: Wells Fargo upgraded ADI from “equal weight” to “overweight” and raised its price target to $340 (from $265), signaling stronger buy-side conviction that the stock can rally further. Wells Fargo upgrade / The Fly
• Positive Sentiment: Stifel Nicolaus raised its price target to $330 and reiterated a “buy” stance, adding top-down analyst support for the stock’s near-term upside. Stifel price target raise / The Fly
• Positive Sentiment: KeyCorp remains constructive — issuing an “Overweight” rating, a $375 target and above-consensus multi-year EPS forecasts (FY26/27 and quarterly cadence) that imply stronger earnings growth expectations. That helps justify higher multiples. KeyCorp coverage / MarketBeat ADI page
• Positive Sentiment: Recent fundamentals remain supportive: ADI beat EPS and revenue in its latest quarter with healthy year-over-year revenue growth, underpinning margin and cash-flow confidence. Earnings recap / MarketBeat
• Neutral Sentiment: Market structure: ADI is trading with above-average volume and near its 52‑week high, which amplifies momentum but also raises short-term volatility risk for traders. Trading note / Zacks
• Negative Sentiment: Insider selling: Director Ray Stata reported a 3,125-share sale (Jan. 13) and other small insider disposals were disclosed; while modest relative to total holdings, such sales can be interpreted negatively by some investors. Ray Stata Form 4 / SEC
• Negative Sentiment: Valuation & payout risks: ADI trades at a high P/E and carries an elevated dividend payout ratio (~87%), which could constrict upside if earnings growth slows or capital-return visibility weakens. Valuation note / Yahoo Finance
• Negative Sentiment: Additional insider sale reported: an SVP disclosed a roughly $150k sale, reinforcing the insider-selling narrative (smaller scale but notable to some investors). SVP sale / AmericanBankingNews

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.