What is KeyCorp’s Forecast for Analog Devices Q3 Earnings?

Analog Devices, Inc. (NASDAQ:ADI) – KeyCorp raised their Q3 2026 earnings per share (EPS) estimates for shares of Analog Devices in a research note issued on Monday, July 13th. KeyCorp analyst J. Vinh now anticipates that the semiconductor company will post earnings of $3.41 per share for the quarter, up from their previous estimate of $3.02. KeyCorp has a “Overweight” rating and a $525.00 price objective on the stock. The consensus estimate for Analog Devices’ current full-year earnings is $12.43 per share. KeyCorp also issued estimates for Analog Devices’ Q4 2026 earnings at $3.67 EPS, FY2026 earnings at $12.62 EPS, Q1 2027 earnings at $3.62 EPS, Q2 2027 earnings at $3.74 EPS, Q3 2027 earnings at $3.95 EPS, Q4 2027 earnings at $4.01 EPS and FY2027 earnings at $15.32 EPS.

A number of other equities research analysts also recently commented on ADI. Citigroup upped their price objective on Analog Devices from $400.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Cantor Fitzgerald boosted their target price on Analog Devices from $510.00 to $550.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Fundamental Research set a $550.00 target price on Analog Devices in a research report on Monday, June 29th. Truist Financial upped their price target on Analog Devices from $364.00 to $405.00 and gave the company a “hold” rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Sunday, May 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Analog Devices has a consensus rating of “Moderate Buy” and a consensus price target of $441.00.

Analog Devices Stock Down 2.7%

NASDAQ:ADI opened at $380.53 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. Analog Devices has a 12-month low of $218.37 and a 12-month high of $445.91. The stock’s fifty day simple moving average is $407.25 and its 200-day simple moving average is $356.83. The firm has a market capitalization of $185.35 billion, a P/E ratio of 56.54, a P/E/G ratio of 1.09 and a beta of 1.18.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.89 by $0.20. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. Analog Devices’s revenue was up 37.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.85 EPS. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s payout ratio is presently 65.38%.

Insider Buying and Selling at Analog Devices

In other news, Director Ray Stata sold 1,416 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $377.01, for a total value of $533,846.16. Following the completion of the transaction, the director owned 117,343 shares in the company, valued at $44,239,484.43. This trade represents a 1.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $389.75, for a total value of $3,897,500.00. Following the completion of the sale, the chief executive officer directly owned 137,538 shares in the company, valued at approximately $53,605,435.50. This represents a 6.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 103,858 shares of company stock valued at $42,062,730. Corporate insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. ING Groep NV boosted its stake in Analog Devices by 45.1% in the 4th quarter. ING Groep NV now owns 222,559 shares of the semiconductor company’s stock valued at $60,358,000 after purchasing an additional 69,202 shares during the period. Nordea Investment Management AB increased its position in Analog Devices by 247.3% during the 4th quarter. Nordea Investment Management AB now owns 350,692 shares of the semiconductor company’s stock worth $95,802,000 after buying an additional 249,702 shares during the period. Covenant Asset Management LLC acquired a new stake in shares of Analog Devices during the fourth quarter worth $2,500,000. HF Advisory Group LLC lifted its holdings in shares of Analog Devices by 661.6% during the fourth quarter. HF Advisory Group LLC now owns 49,693 shares of the semiconductor company’s stock worth $13,477,000 after buying an additional 43,168 shares in the last quarter. Finally, Jones Kertz & Associates Inc. bought a new stake in shares of Analog Devices in the fourth quarter valued at about $1,480,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Analog Devices

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

• Positive Sentiment: KeyCorp raised earnings estimates across multiple periods for Analog Devices and kept an Overweight rating with a $525 price target, signaling stronger expected profitability and demand. The Zacks Analyst Blog Highlights NVIDIA, Oracle, Analog Devices and Regis
• Positive Sentiment: Analysts highlighted Analog Devices alongside other semiconductor names benefiting from AI demand, cloud growth, and industrial recovery, which supports the market’s growth narrative for ADI. The Zacks Analyst Blog Highlights NVIDIA, Oracle, Analog Devices and Regis
• Positive Sentiment: Reports noted that ADI’s new $3 billion revolving credit facility and planned Empower Semiconductor acquisition strengthen liquidity and could help fund expansion in industrial and AI data center markets. Does ADI’s New US$3 Billion Credit Line and AI Power Deal Reshape Its Growth Narrative?
• Positive Sentiment: Investor-focused coverage says Analog Devices is back in focus as the company continues to benefit from improved semiconductor sentiment and recurring interest in AI-enabled analog chip demand. Why Is Analog Devices (NASDAQ:ADI) Back In Focus?
• Neutral Sentiment: Recent commentary comparing ADI with STMicroelectronics reinforces that Analog Devices remains a prominent name in the AI, automotive, and industrial chip themes, but it does not appear to change the near-term thesis materially. STM vs. ADI: Which Semiconductor Stock Looks More Attractive Now?
• Negative Sentiment: Director Karen Golz sold 1,000 shares under a pre-arranged trading plan. While routine, insider selling can slightly pressure sentiment in the short term. Analog Devices (NASDAQ:ADI) Director Sells $389,830.00 in Stock

About Analog Devices

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.