Analog Devices (ADI) Stock Analysis

November 11, 2026

This is a peer-relative look at Analog Devices (ADI): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Semiconductors & Semiconductor Equipment peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Analog Devices (ADI)
Profile Item	ADI
Name	Analog Devices, Inc.
Country/Region	United States
GICS Sector	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors
Market Capitalization	176.17 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	March 17, 1980
Security Type	Common Stock

Price Performance

Cumulative Growth

ADI

GSPC

Analog Devices (ADI) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Analog Devices (ADI) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Analog Devices (ADI) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Analog Devices (ADI) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: ADI	Industry group median
Total Return (1Y)	71.72%	35.06%
Total Return (3Y, Annualized)	34.43%	22.14%
Total Return (5Y, Annualized)	17.89%	7.43%

Risk Profile

Drawdown History

ADI

GSPC

Analog Devices (ADI) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Analog Devices (ADI) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Analog Devices (ADI) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: ADI	Industry group median
Volatility (1Y, Annualized)	38.89%	73.97%
Beta (5Y)	1.26	1.84
Max Drawdown (5Y)	-32.20%	-64.62%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. ADI is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Analog Devices (ADI) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: ADI	Industry group median
Sharpe Ratio (1Y)	1.73	0.42
Sortino Ratio (1Y)	2.56	0.61

Profitability

ROE (TTM)

Analog Devices (ADI) posts ROE of 12.23%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

ADI

Semiconductors & Semiconductor Equipment industry group

12.23%

Group distribution

Max: 52.82%
Q3: 22.26%
ADI: 12.23%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

Largest peers

NVDA: 117.21%
SKHY: 92.54%
MU: 88.26%
AVGO: 44.25%
TSM: 41.86%
ADI: 12.23%
AMD: 11.96%

Where Analog Devices (ADI) stands on ROE within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Analog Devices (ADI) keeps 29.79% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

ADI

Semiconductors & Semiconductor Equipment industry group

29.79%

Group distribution

Max: 63.80%
ADI: 29.79%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

Largest peers

SKHY: 70.27%
MU: 63.80%
NVDA: 63.66%
TSM: 51.12%
AVGO: 42.94%
ADI: 29.79%
AMD: 16.77%

Where Analog Devices (ADI) stands on net margin within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Analog Devices (ADI) turns 39.50% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

ADI

Semiconductors & Semiconductor Equipment industry group

39.50%

Group distribution

Max: 58.66%
ADI: 39.50%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

Largest peers

MU: 80.68%
SKHY: 79.66%
NVDA: 66.24%
TSM: 58.66%
AVGO: 54.31%
ADI: 39.50%
AMD: 21.17%

Where Analog Devices (ADI) stands on operating margin within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Analog Devices (ADI) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: ADI	Industry group median
ROE (TTM)	12.23%	10.58%
ROA (TTM)	6.41%	4.85%
Net Margin (TTM)	29.79%	11.44%
Operating Margin (TTM)	39.50%	15.91%
Gross Margin (TTM)	65.80%	49.36%

Growth

Revenue Growth

Analog Devices (ADI) grew revenue 16.89%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Analog Devices (ADI): Revenue Growth across different time periods, set against Semiconductors & Semiconductor Equipment industry-group medians.

EPS Growth

Analog Devices (ADI) grew earnings per share 39.02%, in the upper peer quartile. Per-share profits are compounding faster than at most industry peers.

Analog Devices (ADI): EPS Growth across different time periods, set against Semiconductors & Semiconductor Equipment industry-group medians.

Growth Metrics

Analog Devices (ADI) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: ADI	Industry group median
Revenue Growth (YoY)	16.89%	9.64%
Revenue Growth (3Y CAGR)	-2.84%	0.00%
EPS Growth (YoY)	39.02%	4.90%
EPS Growth (3Y CAGR)	-4.59%	-7.71%

Financial Strength

Current Ratio (MRQ)

Analog Devices (ADI) has current ratio of 1.25, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

ADI

Semiconductors & Semiconductor Equipment industry group

1.25

Group distribution

Max: 10.33
Q3: 5.62
Median: 3.33
Q1: 2.35
ADI: 1.25
Min: 1.03

Largest peers

SKHY: 26.88
NVDA: 4.59
MU: 3.31
AMD: 2.73
TSM: 2.51
AVGO: 2.50
ADI: 1.25

Where Analog Devices (ADI) stands on current ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Analog Devices (ADI) has debt-to-equity ratio of 0.27, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

ADI

Semiconductors & Semiconductor Equipment industry group

0.27

Group distribution

Max: 1.46
Q3: 0.65
ADI: 0.27
Median: 0.27
Q1: 0.04
Min: 0.00

Largest peers

AVGO: 0.60
ADI: 0.27
NVDA: 0.17
AMD: 0.13
TSM: 0.12
SKHY: 0.05
MU: 0.04

Where Analog Devices (ADI) stands on debt-to-equity ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Analog Devices (ADI) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: ADI	Industry group median
Current Ratio (MRQ)	1.25	3.33
Debt / Equity (MRQ)	0.27	0.27
Net Debt / EBITDA	0.99	-0.36

Dividends

Dividend Yield (TTM)

Analog Devices (ADI) has dividend yield of 1.19%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.

ADI

Semiconductors & Semiconductor Equipment industry group

1.19%

Group distribution

Max: 1.37%
ADI: 1.19%
Q3: 0.65%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

SKHY: 2,118.64%
TSM: 1.70%
ADI: 1.19%
AVGO: 0.89%
NVDA: 0.15%
MU: 0.09%
AMD: 0.00%

Where Analog Devices (ADI) stands on dividend yield within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Analog Devices (ADI) has payout ratio of 49.64%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

ADI

Semiconductors & Semiconductor Equipment industry group

49.64%

Group distribution

ADI: 49.64%
Max: 49.64%
Q3: 21.71%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

ADI: 49.64%
AVGO: 32.44%
TSM: 24.46%
NVDA: 3.54%
MU: 0.71%
SKHY: 0.00%
AMD: 0.00%

Where Analog Devices (ADI) stands on payout ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Analog Devices (ADI) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: ADI	Industry group median
Dividend Yield (TTM)	1.19%	0.00%
Dividend Payout Ratio (TTM)	49.64%	0.00%

Valuation

P/E Ratio (TTM)

Analog Devices (ADI) trades at P/E ratio of 43.18, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

ADI

Semiconductors & Semiconductor Equipment industry group

43.18

Group distribution

Max: 110.34
Q3: 66.81
ADI: 43.18
Median: 37.02
Q1: 23.96
Min: 8.12

Largest peers

AMD: 95.95
ADI: 43.18
AVGO: 37.51
TSM: 24.33
NVDA: 23.60
MU: 9.28
SKHY: 8.12

Where Analog Devices (ADI) stands on P/E ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Analog Devices (ADI) trades at 12.69 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

ADI

Semiconductors & Semiconductor Equipment industry group

12.69

Group distribution

Max: 21.42
ADI: 12.69
Q3: 12.27
Median: 5.76
Q1: 2.73
Min: 0.00

Largest peers

AMD: 16.21
AVGO: 15.73
NVDA: 14.88
ADI: 12.69
MU: 5.86
TSM: 0.39
SKHY: 0.00

Where Analog Devices (ADI) stands on P/S ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Analog Devices (ADI) trades at 5.25 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

ADI

Semiconductors & Semiconductor Equipment industry group

5.25

Group distribution

Max: 14.06
Q3: 7.44
ADI: 5.25
Median: 4.29
Q1: 2.30
Min: 0.20

Largest peers

TSM: 71.65
NVDA: 19.68
AVGO: 14.06
AMD: 10.77
MU: 5.64
ADI: 5.25
SKHY: 3.95

Where Analog Devices (ADI) stands on P/B ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Analog Devices (ADI) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: ADI	Industry group median
P/E Ratio (TTM)	43.18	37.02
P/S Ratio (TTM)	12.69	5.76
P/B Ratio (MRQ)	5.25	4.29
Free Cash Flow Yield (TTM)	2.35%	1.46%