ANALOG DEVICES INC · Semiconductors

ADI

Low riskNext report: Around Nov 24 (est.)

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The short version

A high-quality, profitable business with growing sales. Institutions are adding.

Going well

Sales up 40% in the latest quarter vs a year ago
Profitable every year for 10 years
Sales up 17% last year

Money moves

Insiders sold $9.9M in the last 30 days
Institutions added 4.3% to their holdings in the quarter ending June 2026 (1138 bought, 928 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$407.95+4.3% that day

Company value: $197.7B; Share price times all shares
Price vs profit (P/E): 48.5x; You pay about $48 for each $1 of yearly profit
Price vs sales: 14.2x; Company value is 14.2 times a year of sales
Dividend yield: 1.0%; Yearly dividend as a share of today's price
Cash vs value: 1%; Cash as a share of company value
Debt vs value: 4%; Debt as a share of company value

From ADI's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Aug '26

$4.0B+40% vs a year earlier

Oct '23Tap a barAug '26

Last 12 months: $13.9B, up 34% from the 12 months before. Over 5 years, sales grew about 15% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of ADI. Starting points are the company's recent numbers.

Sales growth+30% a yearRecently: +34% a yearProfit margin30%Last 12 months: 29.8%P/E at the end40xToday: 48.5x. Many steady companies trade at 12x to 25xShare count change-2% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$51.5B

Profit in 5 years$15.5B

Price these guesses point to$1,412.08+246% vs $407.95 todayAbout +28% a year, before dividends

What today's price needs: with a 30% margin and a 40x P/E, sales would have to grow about 1.4% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

6/7Strong

MissReturn on equity 15%+Earns a lot on the money owners have in the business.6.6%
PassDebt under half of equityNot relying on borrowed money.0.24x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.20.6%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$4.3B
PassShare count not growingNot diluting owners. Falling means buybacks.-5.1% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.61.5%

Revenue: $11.0B; +16.9% vs prior year
5-year growth: +14.5%/yr; revenue, per year
Total debt: $8.1B; 0.24x equity
Current ratio: 1.76x; short-term assets / bills due

From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Aug 1, 2026

Reported Aug 19

Revenue: $4.0B; +39.6% YoY
EPS: $2.74; vs $1.04
Op. margin: 40.1%; +11.7 pts
Gross margin: 67.3%; +5.2 pts
Free cash flow: $1.5B
Share count: -1.6%; vs a year ago

Insider rating

Last 90 days

21Selling

2 insiders sold $3.5M (not pre-planned)
Pre-planned sales of $6.4M (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

23/ 100

This week: 1
Normal week: 3.3
vs normal: 0.3x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+4.3%

Institutions added 4.3% to their holdings. 1138 bought, 928 sold.

Shares held by institutions442.6M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-0.9%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.2x · $8.1B debt

Shares outstandingLatest reported

485M

Earnings reports

Last 12

Next reportAround Nov 24 (est.)Estimated from the same quarter last year

Results filedAug 19
Results filedMay 20
Results filedFeb 18
Results filedNov 25, 2025
Results filedAug 20, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

No offerings, red flags or new big holders. Clean record.

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$9.9M5 insiders, 4 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Richard C Jr PuccioChief Financial Officer	Sell	2K	$389.46	$584K	48K	Oct 20Filing ↗
-3% of their holdings Pre-planned sale (10b5-1) Filed 1 day after
Vivek JainChief Operations/Tech Officer	Sell	5K	$407.79	$2.2M	40K	Oct 8Filing ↗
-11.6% of their holdings $406.59 to $409.79 across 2 trades Traded Oct 7 to Oct 8 Not a pre-planned sale Filed 1 day after
Ray StataDirector	Sell	3K	$413.71	$1.2M	107K	Oct 7Filing ↗
-2.6% of their holdings $405.57 to $421.24 across 11 trades Traded Oct 6 to Oct 7 Pre-planned sale (10b5-1) Filed 1 day after
Richard C Jr PuccioChief Financial Officer	Sell	2K	$421.08	$632K	50K	Oct 6Filing ↗
-2.9% of their holdings Pre-planned sale (10b5-1) Filed 1 day after
Katsufumi NakamuraChief Customer Officer	Sell	1K	$415.02	$498K	15K	Oct 2Filing ↗
-7.5% of their holdings Not a pre-planned sale Filed 3 days after
Vivek JainChief Operations/Tech Officer	Sell	2K	$416.98	$834K	46K	Oct 2Filing ↗
-4.2% of their holdings Not a pre-planned sale Filed 3 days after
Vincent RocheChair & CEO	Sell	10K	$396.94	$4.0M	115K	Oct 1Filing ↗
-8% of their holdings Pre-planned sale (10b5-1) Also Director Filed 4 days after