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Analog Devices posts 40% revenue growth, driven by diverse markets beyond AI/data centers.

Analyst Insights
26 Oct 2026
Seeking Alpha
View Source
Bullish
Analog Devices posts 40% revenue growth, driven by diverse markets beyond AI/data centers.

Analog Devices reported a 40% year-over-year revenue increase to $4.02 billion in Q3, supported by strong demand across data centers, industrial, defense, and automotive sectors. The company earns less than 20% of its revenue from AI and data centers, providing diversification that shields it from sector downturns. Management expects continued double-digit growth and margin expansion, aided by product mix and pricing strategies. With a strong balance sheet, rising dividends, and active share buybacks, Analog Devices is positioned as a less risky, premium semiconductor investment, prompting a Buy rating with a $436 target price reflecting an 11.8% upside.

Analog Devices holds a market cap of $189.50 billion and a dividend yield of 1.13% as of Oct 26, 2026, 14:01 WIB on Pluang. The stock price stands at USD 389.50 with a slight 0.40% decrease in the past day. This positions ADI as a significant player in the technology sector with steady investor interest, reflected in a daily volume of 2,484,421 shares and a typical hold time of 64 days on the platform.

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