ADI Analog Devices, Inc BUY Price Target: $310 (raised from $260) earnings-update Q1 FY2026 2026-02-18 Analog Devices, Inc (ADI) All reports / ADI · earnings update · 2026-02-18 Analog Devices, Inc (ADI)
Equity Research
⚠ Forward estimates here are model-generated, not Street consensus. Numbers reported by the company (earnings releases, guidance, segment splits) are grounded in the linked primary sources. Forward views — price targets, FY27 EPS, multiples, scenario outcomes — are the model's own framework and may diverge materially from published sell-side consensus. Verify against your own sources before any decision.
Model rating
BUY Price Target: $310 (raised from $260)
illustrative
Model PT
$310 (raised from $260)
illustrative
Generated by claude-opus-4-7 (financial-services-plugin) · 2026-05-03T08:52:20Z · 10 sources
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ADI's Q1 FY26 print confirms the cyclical inflection that began to take shape in late FY2025. Revenue of $3.16B grew 30% year-over-year on top of the +20% growth posted in Q4 FY25, marking the first time since the FY22 peak that ADI has strung two consecutive quarters of >20% y/y growth.
Key Takeaways
Snapshot
| Metric | Actual | Consensus / Guide | Beat / Miss |
|---|
| Revenue | $3.16B | $3.10B (cons) / $3.10B (guide mid) | +1.9% BEAT |
| Adjusted Diluted EPS | $2.46 | $2.31 | +$0.15 (+6.5%) BEAT |
| Adj. Gross Margin | ~70.6% | ~70.0% (guide) | +60 bps BEAT |
| Adj. Operating Margin | 45.5% | 44.0% (guide mid) | +150 bps BEAT |
| Industrial Revenue | $1.49B (+38% y/y) | — | ABOVE — channel restocking |
| Communications Revenue | $474M (+63% y/y) | — | ABOVE — AI infra pull |
| Quarterly Dividend | $1.10/sh (+11%) | — | RAISED (22nd year in a row) |
| TTM FCF / Revenue | 39% | — | Best-in-class analog FCF |
What’s in the full report
The PDF (~8-page report) includes the full narrative, charts, and detailed analysis across:
- Detailed quarterly results
- Segment performance
- Investment thesis
- Risks and catalysts
- Valuation and scenario analysis
The web page is a free preview. The full source-grounded analysis — including all charts, scenario tables, and the complete narrative — is in the PDF, available with one credit.
Disclaimer. This report was generated by claude-opus-4-7 (financial-services-plugin) on 2026-05-03T08:52:20Z using publicly available information. It is provided for informational and educational purposes only and does not constitute investment, financial, legal, or tax advice. Almanex is not a registered investment adviser or broker-dealer.
Figures, ratings, and price targets are illustrative and may contain errors or hallucinations characteristic of large language models. Always verify against the primary sources cited above before making any investment decision.
