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ADI

Analog Devices Inc

NASDAQ: ADI · TECHNOLOGY · SEMICONDUCTORS

$402.26
+3.33% today

Updated 2026-04-29

Market cap
$195.07B
P/E ratio
73.05
P/S ratio
16.59x
EPS (TTM)
$5.47
Dividend yield
1.01%
52W range
$184 – $408
Volume
3.8M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Analog Devices Inc (ADI) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$402.26
Consensus
$381.70
-5.11%
2030 Target
$168.62
-58.08%
DCF
—
—
22 analysts:
11 Buy4 Hold0 Sell

Management guidance

CEO Vincent Roche has indicated strong momentum in industrial and data center segments with 38% YoY industrial division growth and 40% growth in automatic test equipment for AI chips. Management has highlighted consistent cash generation from long product cycles as a core strength, positioning ADI for sustained growth through 2028+. Specific revenue targets for 2026-2030 were not explicitly stated in available guidance, but Q1 2026 results showed 30.4% YoY revenue growth to $3.16B, suggesting run-rate potential of ~$12.6B annualized.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$210.77
$20.6B Rev × 5x P/S
Base case (2030)
$168.62
$20.6B Rev × 4x P/S
Bear case (2030)
$126.46
$20.6B Rev × 3x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$12.3B$9.4B$11.0B$14.1B$15.6B$17.2B$18.9B$20.6B
Revenue growth—-23.4%16.9%28.3%10.1%10.5%9.9%9.8%
EPS$10.08$6.38$6.94$11.43$13.02$14.75$16.20$17.95
P/S ratio———12.0x4.0x12.0x12.0x4.0x
Implied price———$350.17$127.57$413.84$445.68$168.62

Catalysts & risks

Growth catalysts
+ Industrial automation and healthcare demand driving 38% YoY divisional growth
+ AI chip testing equipment (ATE) growing 40% YoY with data center strength
+ Communications segment growth from AI infrastructure investments
+ Long product cycle economics generating consistent cash conversion
+ Recent analyst upgrades citing industrial recovery and AI momentum
Key risks
- Elevated valuation at 58.5x P/E with forward P/E of 24.5x leaves limited margin for error
- Cyclical semiconductor downturn could compress margins despite near-term AI tailwinds
- Geopolitical tensions and rising fixed costs pressuring profitability
- Competition from lower-cost analog providers in industrial segment
- China exposure and potential trade restrictions impacting sales

Methodology

Analog Devices Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 22 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.