ADI
Analog Devices, Inc.Evidence as of 2026-10-07The desk's Snapshot
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Overview · Analog Devices, Inc.
Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion,…
Management team
- Mr. Rob Oshana · Senior VP of Software & Digital Platforms GroupFind on LinkedIn
- Mr. Martin Cotter · Senior Vice President of Vertical Business Units & President of ADI EMEAFind on LinkedIn
- Ms. Mariya K. Trickett · Senior VP & Chief People OfficerFind on LinkedIn
- Mr. Michael Sondel · Corporate VP & Chief Accounting OfficerFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.5 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
Evidence balance: Cautious ( -0.5 of a possible +2; was -0.5 before debate ) · confidence high. The surviving financials show quarter-to-quarter revenue growth from fiscal Q1 2026 (fiscal quarter ended 2026-01-31) at $ 3,160,263,000 to fiscal Q2 2026 (fiscal quarter ended 2026-05-02) at $ 3,623,465,000 and to fiscal Q3 2026 (fiscal quarter ended 2026-08-01) at $ 4,021,899,000. Gross profit and gross margin expanded over the same span (gross profit $ 2,044,976,000 in Q1 2026; $ 2,439,798,000 in Q2 2026; $ 2,707,544,000 in Q3 2026; margins ≈ 64.7% → 67.3% → 67.3%), while operating income and operating margin rose to $ 1,612,969,000 and ≈ 40.1% in Q3 2026.
Net income and diluted EPS also increased sequentially (net income $ 830,826,000 in Q1 2026, $ 1,176,350,000 in Q2 2026, $ 1,340,090,000 in Q3 2026; EPS diluted $ 1.69 → $ 2.40 → $ 2.74). Share count and long‑term debt trended lower on reported dates (entity common shares outstanding down to 484,565,465 as of 2026-08-01; noncurrent long‑term debt down to $ 6,771,624,000 as of 2026-08-01). R&D expense rose across the three quarters ($ 467,400,000 → $ 509,323,000 → $ 533,480,000). Cash and cash equivalents fluctuated, ending at $ 2,165,870,000 as of 2026-08-01, and stock repurchases of $ 516,499,000 were recorded for the three months ended 2026-01-31.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Revenue (three-months) rose quarter-to-quarter: fiscal Q1 2026 (2025-11-02 to 2026-01-31) was $3,160,263,000, fiscal Q2 2026 (2026-02-01 to 2026-05-02) was $3,623,465,000, and fiscal Q3 2026 (2026-05-03 to 2026-08-01) was $4,021,899,000.
XBRL companyfacts · 0000006281-26-000016Gross profit and gross margin expanded from fiscal Q1 2026 to fiscal Q3 2026: gross profit was $2,044,976,000 in fiscal Q1 2026 (gross margin ≈ 64.7%), $2,439,798,000 in fiscal Q2 2026 (≈ 67.3%), and $2,707,544,000 in fiscal Q3 2026 (≈ 67.3%).
XBRL companyfacts · 0000006281-26-000016Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
The company added risk language in the filing of the 10-Q filed 19 August 2026 that calls out sanctions, geopolitical tensions (including between the United States and Europe or China, tensions across the Taiwan Strait, and the conflict in Ukraine and Middle East) and the potential for such events to adversely affect operations, customers and the technology industry supply chain.
Management's discussion · filed 2026-08-19The 10-Q filed 19 August 2026 added explicit risk language about U.S. or other governments imposing sanctions that could prevent the company from performing existing contracts, recognizing revenue, pursuing new business or receiving payment for products already supplied to customers.
Management's discussion · filed 2026-08-19Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
Momentum over the past 6 months is +28.8% and ranks in the 81th percentile of a 815-stock research universe as of 2026-10-06.
Moneyta signal set · 2026-10-06weakened in debateMomentum measured by the 12_1 factor is +48.6% and ranks in the 84th percentile of the 815-stock research universe as of 2026-10-06.
Moneyta signal set · 2026-10-06weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of the 13F reporting period ended 2026-06-30, reported institutional holdings total "$172.17B" with 2,297 holders and a quarter-over-quarter reported value change of 29.9%.
13F holdings · 2297 filers · as of 2026-06-30The largest reported institutional holders in that 13F period include BlackRock, Inc. at "$18.61B", VANGUARD CAPITAL MANAGEMENT LLC at "$12.65B", and STATE STREET CORP at "$9.40B".
13F holdings · 2297 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Analog Devices CEO Vincent Roche executed a stock option and sold 10,000 shares under a 10b5-1 plan (article published 2026-10-05).
News · kalkinemedia.com · 2026-10-05Analog Devices Chief Customer Officer Katsufumi Nakamura sold 1,200 shares at $415.02 each (article published 2026-10-05).
News · kalkinemedia.com · 2026-10-05Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
The parsed filings show aggregate insider sales of "$7.1M", aggregate insider purchases of "$0", and net shares of "-19515" in the 180-day window.
Form 4 · Puccio Richard C Jr (EVP and CFO) · $1.0M sold · 2026-08-26ROCHE VINCENT (Chair & CEO) reported a sale of "10000" shares for "$3.6M" on 2026-09-01 (the filing also reports a separate "$1.1M" entry on the same date), with the transactions shown in the filing.
Form 4 · ROCHE VINCENT (Chair & CEO) · $1.1M code M · 2026-09-01Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The model shows an implied free cash flow (FCF) growth rate of 31.19% (0.3119) that today's price would justify under the stated discount and terminal assumptions.
Valuation inputs · SEC XBRL + stored EOD closePrice to trailing twelve-month free cash flow (P/FCF) is 46.9 based on FCF ttm of $4,383,034,000 and the stated price.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
The factual record shows sequential improvement across core operating metrics: revenue, gross profit and margins, operating income and margins, net income and diluted EPS all rose quarter-to-quarter in the three most recent fiscal quarters (fundamentals-0 through fundamentals-3). Concurrent capital-return and capital-structure signals are present — reported share count and weighted-average diluted shares have declined (fundamentals-4) while long-term noncurrent debt has trended lower across reporting dates (fundamentals-5). R&D investment increased over the same quarters (fundamentals-7), and trailing twelve‑month free cash flow and FCF per share are sizable in absolute terms (valuation-3), which supports conversation about cash generation versus headline valuation multiples. Market signals show strong positive momentum and technical positioning (market-0, market-1, market-2), and large institutional holdings are documented (ownership-0, ownership-1). These jointly support a favorable read on recent operating performance and capital allocation trends; the bear points around insider sales, routine risk language additions in filings, volatility and headline valuation ratios are contestable when viewed alongside sequential fundamental improvement, debt reduction and material FCF per share.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.35
42 surviving claims rest on 19 distinct sources; the heaviest analyst carries 24% of them, and 98% of what the desk raised survived the debate.
The read is moderately robust: surviving claims draw on a fairly diverse set of sources but a single analyst contributed nearly a quarter of the claims, which raises sensitivity to that contributor's interpretations. The very high debate survival rate implies the desk did not cull many assertions during review, so individual claim weaknesses (source concentration, analyst-dependence, or single-document parses) could materially change the net picture if challenged by new filings or market facts.
Peer context · computed, not argued
12-1 momentum ranks 12th of 20 in Semiconductors (as of 2026-10-06).
90-day volatility ranks 18th of 20 in Semiconductors (as of 2026-10-06).
dividend yield ranks 6th of 20 in Semiconductors (as of 2026-10-06).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
11 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer+0.7 to the score
13 documents· 1 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−1.0 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash+0.0 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.5 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
9 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state, with stated and inferred flags kept apart.
Read by Talbot−1.2 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on ADI Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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Educational analysis of published data. Moneyta does not give investment advice or make recommendations.