ADI vs. MCHP: Analog Devices vs. Microchip Stock Comparison

November 11, 2026

How do Analog Devices (ADI) and Microchip (MCHP) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Analog Devices (ADI) and Microchip (MCHP) are both classified in the Semiconductors sub-industry within the broader Semiconductors & Semiconductor Equipment industry, placing them in the closest GICS peer bucket.

Company profile comparison for Analog Devices (ADI) and Microchip (MCHP)
Profile Item	ADI	MCHP
Name	Analog Devices, Inc.	Microchip Technology Inc.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors	Semiconductors
Market Capitalization	176.17 billion USD	31.76 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	March 17, 1980	March 19, 1993
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ADI

MCHP

GSPC

Analog Devices (ADI) vs. Microchip (MCHP), with S&P 500 (GSPC) for reference: 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 Microchip (MCHP). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Analog Devices (ADI) and Microchip (MCHP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Analog Devices (ADI) and Microchip (MCHP)
Metric	ADI	MCHP
Total Return (1Y)	71.72%	11.53%
Total Return (3Y, Annualized)	34.43%	-3.63%
Total Return (5Y, Annualized)	17.89%	-3.83%

Risk Profile

Drawdown History

ADI

MCHP

GSPC

Analog Devices (ADI) vs. Microchip (MCHP), with S&P 500 (GSPC) for reference: 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 Microchip (MCHP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Analog Devices (ADI) and Microchip (MCHP)
Metric	ADI	MCHP
Volatility (1Y, Annualized)	38.89%	52.96%
Beta (5Y)	1.26	1.91
Max Drawdown (5Y)	-32.20%	-63.77%
Avg. Volume (3M)	3.74M	10.34M

Risk-Adjusted Performance

Risk-Return Positioning

ADI and MCHP are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Analog Devices (ADI) and Microchip (MCHP)
Metric	ADI	MCHP
Sharpe Ratio (1Y)	1.73	0.14
Sortino Ratio (1Y)	2.56	0.21

Profitability

ROE (TTM)

Both Analog Devices (ADI) at 12.23% and Microchip (MCHP) at 12.57% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

ADI

Semiconductors & Semiconductor Equipment industry group

12.23%

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

MCHP

Semiconductors & Semiconductor Equipment industry group

12.57%

Max: 52.82%
Q3: 22.26%
MCHP: 12.57%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

Analog Devices (ADI) vs. Microchip (MCHP): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

Analog Devices (ADI) at 29.79% retains a top-quartile share of revenue as profit, ahead of Microchip (MCHP) at 14.96%, which keeps about the industry-typical share.

ADI

Semiconductors & Semiconductor Equipment industry group

29.79%

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

MCHP

Semiconductors & Semiconductor Equipment industry group

14.96%

Max: 63.80%
Q3: 28.36%
MCHP: 14.96%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

Analog Devices (ADI) vs. Microchip (MCHP): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

Analog Devices (ADI) at 39.50% operates in the top operating margin quartile, ahead of Microchip (MCHP) at 29.13%, which runs around its industry’s norm.

ADI

Semiconductors & Semiconductor Equipment industry group

39.50%

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

MCHP

Semiconductors & Semiconductor Equipment industry group

29.13%

Max: 58.66%
Q3: 30.23%
MCHP: 29.13%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

Analog Devices (ADI) vs. Microchip (MCHP): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Analog Devices (ADI) and Microchip (MCHP)
Metric	ADI	MCHP
ROE (TTM)	12.23%	12.57%
ROA (TTM)	6.41%	5.19%
Net Margin (TTM)	29.79%	14.96%
Operating Margin (TTM)	39.50%	29.13%
Gross Margin (TTM)	65.80%	62.70%

Growth

Revenue Growth

Both Analog Devices (ADI) at 16.89% and Microchip (MCHP) at 7.08% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Analog Devices (ADI) vs. Microchip (MCHP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Analog Devices (ADI) reports EPS growth of 39.02%, ranked against its industry; Microchip (MCHP) has no EPS growth figure this period.

Analog Devices (ADI) vs. Microchip (MCHP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Analog Devices (ADI) and Microchip (MCHP)
Metric	ADI	MCHP
Revenue Growth (YoY)	16.89%	7.08%
Revenue Growth (3Y CAGR)	-2.84%	-17.65%
EPS Growth (YoY)	39.02%	--
EPS Growth (3Y CAGR)	-4.59%	-62.03%

Financial Strength

Current Ratio (MRQ)

Both Analog Devices (ADI) at 1.25 and Microchip (MCHP) at 2.24 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

ADI

Semiconductors & Semiconductor Equipment industry group

1.25

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

MCHP

Semiconductors & Semiconductor Equipment industry group

2.24

Max: 10.33
Q3: 5.62
Median: 3.33
Q1: 2.35
MCHP: 2.24
Min: 1.03

Analog Devices (ADI) vs. Microchip (MCHP): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Analog Devices (ADI) at 0.27 carries an industry-typical debt-to-equity mix, while Microchip (MCHP) at 0.84 uses more debt funding than most peers.

ADI

Semiconductors & Semiconductor Equipment industry group

0.27

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

MCHP

Semiconductors & Semiconductor Equipment industry group

0.84

Max: 1.46
MCHP: 0.84
Q3: 0.65
Median: 0.27
Q1: 0.04
Min: 0.00

Analog Devices (ADI) vs. Microchip (MCHP): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Analog Devices (ADI) and Microchip (MCHP)
Metric	ADI	MCHP
Current Ratio (MRQ)	1.25	2.24
Debt / Equity (MRQ)	0.27	0.84
Net Debt / EBITDA	0.99	2.73

Dividends

Dividend Yield (TTM)

Analog Devices (ADI) at 1.19% earns its spot in the top quartile of its industry’s yields; Microchip (MCHP) at 2.81% is past the top of its own peer range — territory where a dividend-safety check matters more than the headline number.

ADI

Semiconductors & Semiconductor Equipment industry group

1.19%

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

MCHP

Semiconductors & Semiconductor Equipment industry group

2.81%

MCHP: 2.81%
Max: 1.37%
Q3: 0.65%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Analog Devices (ADI) vs. Microchip (MCHP): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Microchip (MCHP) reports payout ratio above 100% at 136.84%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Analog Devices (ADI) reports 49.64%, ranking against industry peers normally.

ADI

Semiconductors & Semiconductor Equipment industry group

49.64%

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

MCHP

Semiconductors & Semiconductor Equipment industry group

136.84%

MCHP: 136.84%
Max: 49.64%
Q3: 21.71%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Analog Devices (ADI) vs. Microchip (MCHP): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Analog Devices (ADI) and Microchip (MCHP)
Metric	ADI	MCHP
Dividend Yield (TTM)	1.19%	2.81%
Dividend Payout Ratio (TTM)	49.64%	136.84%

Valuation

P/E Ratio (TTM)

Both Analog Devices (ADI) at 43.18 and Microchip (MCHP) at 43.87 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

ADI

Semiconductors & Semiconductor Equipment industry group

43.18

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

MCHP

Semiconductors & Semiconductor Equipment industry group

43.87

Max: 110.34
Q3: 66.81
MCHP: 43.87
Median: 37.02
Q1: 23.96
Min: 8.12

Analog Devices (ADI) vs. Microchip (MCHP): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

Microchip (MCHP) at 5.67 is priced about in line with its industry on P/S ratio, while Analog Devices (ADI) at 12.69 sits in the pricier quartile — ADI costs more per dollar of sales.

ADI

Semiconductors & Semiconductor Equipment industry group

12.69

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

MCHP

Semiconductors & Semiconductor Equipment industry group

5.67

Max: 21.42
Q3: 12.27
Median: 5.76
MCHP: 5.67
Q1: 2.73
Min: 0.00

Analog Devices (ADI) vs. Microchip (MCHP): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Analog Devices (ADI) at 5.25 and Microchip (MCHP) at 4.78 are valued close to their industries’ norm against book — neither stands out from peers.

ADI

Semiconductors & Semiconductor Equipment industry group

5.25

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

MCHP

Semiconductors & Semiconductor Equipment industry group

4.78

Max: 14.06
Q3: 7.44
MCHP: 4.78
Median: 4.29
Q1: 2.30
Min: 0.20

Analog Devices (ADI) vs. Microchip (MCHP): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Analog Devices (ADI) and Microchip (MCHP)
Metric	ADI	MCHP
P/E Ratio (TTM)	43.18	43.87
P/S Ratio (TTM)	12.69	5.67
P/B Ratio (MRQ)	5.25	4.78
Free Cash Flow Yield (TTM)	2.35%	4.85%