Bernstein upgrades Analog Devices after Q3 beat strengthens growth outlook

Analog Devices reported Q3 fiscal 2026 earnings of $3.45 per share, beating estimates by 3.6%. Revenue rose 40% year-over-year to $4.02 billion. The company's segments saw varied growth, with the highest in Communications (84%). ADI expects Q4 revenue of $4.3 billion and adjusted earnings of $3.86 per share, above consensus estimates.

Needham raised its price target for Analog Devices (NASDAQ:ADI) to $450 from $440, citing strong quarterly results and guidance. The company's revenue and earnings beat forecasts, with gross margins expected to expand. Bernstein also upgraded ADI to Outperform with a $465 target. ADI's stock has surged 54% over the past year.

Seaport Global Securities upgraded Analog Devices (ADI) to 'Buy' from 'Neutral' with a $425 price target. The stock is currently trading at $374.62, up 0.36% on the day but down 1.65% over the past year. The company also announced a quarterly dividend payable on September 15, 2026.

Bernstein upgraded Analog Devices (ADI) to Outperform, raising its price target to $465. The chipmaker reported Q3 revenue of $4.022B and EPS of $3.45, beating estimates. Q4 guidance also exceeded expectations, with revenue and EPS estimates higher than consensus. Shares rose 1% in premarket trading.

Analog Devices (ADI) reported Q3 revenue of $4.02B, up 40% YoY, and beat EPS estimates. The company forecasted Q4 revenue of $4.3B and EPS of $3.86, both above expectations. ADI benefits from AI-driven demand for power-management chips in data centers, industrial equipment, and vehicles. Shares are up 39% YTD, raising expectations.

Analog Devices (ADI) reported Q3 revenue of $4.02B, up 40% YoY, and raised Q4 guidance to $4.3B. AI data center chip sales doubled YoY, driving 72.5% gross margin. Morningstar raised its fair value estimate to $445 from $380, citing AI growth potential and strong margins.